As executives across industries respond to profound global competition and business realignment, commitment to innovation is at the forefront of the minds of top companies around the world. Jim Stikeleather, Chief Innovation Officer at Dell, says: “In the old model, one became successful by being efficient, and people were rewarded for achieving scale and efficiency within scale. But now the economy has shifted. Efficiency is not the key, innovation is. Future profits are going to come from your ability to consistently innovate. The problem is, policies and procedures are still stuck in that old model.”
The infographic below explores why, and how, many companies are investing in innovation. 200 top executives across the globe were surveyed to get a deeper understanding of the state of innovation in the enterprise today.
To read the full report from the BPI Network, please follow the link: http://www.bpinetwork.org/innovation-competitive-equation