Our approach to innovation
Taking the risk
Many of the business leaders we have spoken to since the publication of PA’s report ‘Going for growth – realising the value of innovation’ have recognised the need for a dramatically bolder attitude to risk. The rewards of successful breakout are huge. Leading a firm in this new environment requires significant changes, especially in the behaviours of senior people, and a willingness to commit to improvements in culture and leadership.
Making it happen
Delivering superb innovation performance requires excellence in nine dimensions spanning organisation to culture to process. The highlighted components have been shown to boost business output and in particular the cultural and leadership elements of creativity.
PA’s survey results
- Strong link between overall innovation performance and total shareholder return
- Marked difference of views on the meaning and role of innovation across the management team
- Increased spend on R&D does not deliver more breakthrough products.
What to do now?
For electronic copies of PA’s report or to arrange a convenient time to meet, please call +44 1763 261 222 or e-mail us at innovation@paconsulting.com
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