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Why Your Business is not Innovating by Mind Map: Why Your Business is not Innovating
5.0 stars - 1 reviews range from 0 to 5

Why Your Business is not Innovating

Lack of internal support or buy in

Resistance to change

Management discourages innovation in it's culture

Lack of focus, vision and direction from leaders

Lack of association of innovation and differentiation with growth

Leaders defensive to new ideas that challenge status quo

No common definition of innovation and how to measure success

Lack of understanding of the types of innovation

No key metrics and tracking for baseline and targets

Lack of innovation processes

No idea management

No new ideas, new problems or learning opportunities

No process to bring idea from vision to growth

No research and development

Lack of effective communication between team on innovation process

Failure to execute projects effectively

Lack of measurement and tracking on projects

Lack of user and stakeholder analysis

No monitoring or communication on innovations

Lack of Customer Focus

Lack of listening and talking to customers

Lack of understanding of market and customer development interaction

Lack of long term goals

A focus on risk mitigation and risk adversity

Short term focus with no time spent on long term

Focusing on unrealistic financial returns or short term gain

Lack of resources

Lack of adequate funding

Lack of prioritization of resources

Lack of teamwork

Lack of challenging your team

Lack of effective communication between team on new ideas

Lack of knowledge management

No perceived incentive to be innovative