U.S. Companies Falling Behind on Innovation

U.S. Companies Falling Behind on Innovation

All AboardAll Aboard

Executives at six of 10 global organizations say their company drives innovation throughout all business units and territories.

Game PlanGame Plan

67% of U.S. companies have a well-defined innovation strategy, compared to 79% of global top innovator organizations.

Tech TalkTech Talk

37% of the U.S. companies expect their innovation in IT to be “breakthrough” or even “radical,” compared to 53% of top innovators worldwide, over the next three years.

Consumer DrivenConsumer Driven

29% of the U.S. companies anticipate that their customer-experience innovation will be “breakthrough” or “radical,” compared to 44% of top innovators worldwide.

Whiteboard OppWhiteboard Opp

51% say their greatest concern about innovation is developing the right strategies for the growth they need to achieve.

Welcome FeedbackWelcome Feedback

84% of the U.S. companies say they’ll collaborate with customers over the next three years to deliver innovation, compared to 91% of top innovators worldwide.

Friendly RivalryFriendly Rivalry

26% of the U.S. companies say they plan to collaborate with competitors over the next three years to deliver innovative products and services, compared to 41% of top innovators worldwide.

Market GapMarket Gap

58% say it’s challenging to take innovative ideas to market quickly, in a scalable way.

Recruitment IssueRecruitment Issue

57% are struggling to find and retain the best talent to make innovation happen.

Culture ClashCulture Clash

51% say they’re challenged to establish an innovation culture internally.

Three Innovation Questions to Ask About Your Company: Can Breakthroughs Happen Here Day-to-Day?Three Innovation Questions to Ask About Your Company: Can Breakthroughs Happen Here Day-to-Day?

To create the business of the future, you sometimes need to step away from running the business of today. Consider setting up innovation facilities on site to encourage this.

Three Innovation Questions to Ask About Your Company: Are We Recruiting and Partnering for Innovation?Three Innovation Questions to Ask About Your Company: Are We Recruiting and Partnering for Innovation?

When this becomes part of the vetting process for employees and external partners, breakthroughs emerge in a more natural, intrinsic manner.

Three Innovation Questions to Ask About Your Company: What's the Right Accountability Structure?Three Innovation Questions to Ask About Your Company: What’s the Right Accountability Structure?

It’s easier to move forward with an innovation culture when roles are assigned, with expectations set.

Dennis McCafferty
Dennis McCafferty
Dennis McCafferty is a contributor to CIO Insight. He covers topics such as IT leadership, IT strategy, collaboration, and IT for businesses.

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