54% of CEOs Dissatisfied With Innovation

athloi writes "Invention is new and clever; innovation is a process that takes knowledge and uses it to get a payback. Invention without a financial return is just an expense. Ideas are really the sexy part of innovation and there's rarely a shortage of them. If you look at the biggest problems around innovation, rarely does a lack of ideas come up as one of the top obstacles; instead, it's things like a risk-averse culture, overly lengthy development times and lack of coordination within the company. Not enough ideas, on the other hand, is an obstacle for only 17 percent. At the end of the day all that creativity and all those ideas have to show on the bottom line. The goal of innovation is to make or save money, and IT should never lose sight of that central fact."

Comments

Re:Shit World 2007

[crashfrog]

If this is truly the case, come work for me for no paycheck. We'll see how long you truly desire the effort with no reward.

Yeah, you sure told that guy! What an idiot, to think that there's people out there who would do work for no money at all! Why, I can't believe that any thinking person would ever volunteer such a foolish idea!

Now where the hell is that intern with my coffee?