Over the past couple of weeks I have written about the seven chronic innovation problems I see each day in my work with clients in a diverse set of industries. These common ailments are evident to some degree in almost every organization I encounter.
A short-term orientation is a chronic problem that affects the ability of the organization look beyond the business planning horizon and invest in initiatives that have a longer-term payback. This orientation tilts the investment portfolio to short-term projects that tend to be incremental and safe.
Just because you know exactly what the company should be doing in innovation, doesn’t mean anyone agrees with you. The Chief Innovation Officer must ensure that everyone is rowing the boat in the same direction. A lack of alignment, particularly across business units and functions is a chronic problem in innovation.