Innovation Silos Explored
Many companies believe that innovation is a collective effort across all departments, but this often doesn't reflect reality, especially in larger organizations. Establishing innovation silos can be effective, yet without strong support from headquarters, these initiatives may falter and become mere PR exercises. A case in point is Lowe's, which created labs to explore new technologies but struggled to link these efforts to tangible sales growth.In this clip
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The Next Great Thing
Most Companies Think They're Innovative
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