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  1. What is innovation? | McKinsey

    • An innovation portfoliois a thoughtfully curated bundle of potentially innovative initiatives, with clear aspirations and required resources defined for each. Managing the portfolio this way helps fi… See more

    Why Is Innovation Important in Business?

    Some companies do succeed at innovation. Our research considered how proficient 183 companies were at innovation, and compared that assessment against a proprietary … See more

    McKinsey & Company
    How Can Leaders Decide What Innovations to prioritize?

    Successful innovation has historically occurred at the intersection of several elements, which can guide prioritization efforts. The three most important elements are the wh… See more

    McKinsey & Company
    How Do Organizations Become Better Innovators?

    McKinsey conducted research into the attributes and behaviors behind superior innovation performance, which were validated in action at hundreds of companies… See more

    McKinsey & Company
    What Are Examples of Successful Innovators?

    Real-world examples of successful innovation, related to some of the eight essentials listed, can highlight the benefits of pursuing innovation systematically: 1. Mercedes-… See more

    McKinsey & Company
    How Can My Organization Improve The Volume and Quality of New Ideas?

    Steps to help aspiring innovatorsget started include the following: 1. Hold collision sessions:Cross-functional groups gather in a structured process to think through the intersectio… See more

    McKinsey & Company
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  1. in·no·va·tion
    NOUN
    1. the action or process of innovating:
      "innovation is crucial to the continuing success of any organization"
      synonyms:
      change · alteration · revolution · upheaval · transformation ·
      metamorphosis · reorganization · restructuring · rearrangement · recasting · remodeling · renovation · restyling · variation · novelty · newness · unconventionality · modernization · modernism · transmogrification · new measures · new methods · new devices · a break with tradition · a shift of emphasis · a departure · a change of direction
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