Organisational Innovation: Five Stages of Thinking For Good Businesses
In 2024, successful innovation requires organisations to target early adopters and align technologies like AI, IoT, and XR with their strategic goals. The five-step business model innovation process—understanding the current model, assessing performance, recognising disruptions, addressing resistance, and implementing changes—guides companies toward sustainable growth. Combining traditional methods, such as acquisitions and innovation labs, with modern collaborative ecosystems involving internal and external innovators fosters a culture of continuous innovation. This approach ensures businesses stay competitive in a rapidly evolving technological landscape. Read More…