Companies Investing More in Innovation
A Growing Interest
77% of executives say that innovation and product development ranks as a top priority—if not a top three one.
All In
70% indicate that organization leadership is committed to innovation, compared to 60% in 2012.
Multi-Faceted
67% have cross-functional teams working on innovation projects, as opposed to 56% last year.
A Heightened Awareness
65% indicate that their organization brings a “deep understanding” of users and the market to innovation projects, compared to 54% last year.
IT Foundation in Place
65% say proper infrastructure is made available for these efforts, as opposed to 55% in 2012.
Human Resources
64% say they staff the right people on these projects, compared to 54% last year.
An Open Book
63% indicate that related decision-making processes are clear and transparent, as opposed to 53% in 2012.
Cost Factors
59% say these projects receive sufficient budgeting and resources, compared to 52% last year.
External Motivations
56% indicate that incentives and recognition are linked to innovation contributions, compared to 46% in 2012.
Well Done!
53% say these projects are completed on time, as opposed to 44% a year ago.
