Innovation has always been important and difficult, and, today, it is required for competitive differentiation more than ever before as the manufacturing playing field has become global in nature.
New competitive advantages are created by thinking anew about, and communicating the value of, product and service innovation in manufacturing more rapidly via new forms of collaboration.
Key points which were discussed during this webcast:
- A Mandate for Change - why understanding "innovation lifecycle" elements at both strategic and tactical levels will spell the difference between success and failure with innovation.
- Key Innovation Dimensions - introduction of the 5-element innovation framework devised by Cisco and explain why a structured approach to thinking about innovation is important to success
- Foundation Elements - how the 5 innovation dimensions must be supported by the right kind of corporate organizational structure, governance, culture and underlying technology enablement.