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Net Results Plus Net Rewards, Equal Net Profits.
Net Result, Net Reward: These two succinct yet powerful phrases define the last imperative of Robert’s Rules of Innovation. The principle is essential; dynamic innovation will yield a profitable return on investment (ROI) measured as a favorable direct correlation of innovative ideas and net profits earned. Below is the fundamental framework of Robert’s Rules of…
Read MoreNet Result, Net Reward: Engineering Sustainability
How does your company engineer sustainability? Do you track new product sales objectives? Is your NPD pipeline as robust as you’d like it to be? Do you reward people who contribute good ideas to your organization? Do you have a reward system in place for creativity? Do you recognize staff for creativity and accomplishments…
Read MoreInnovate to Thrive: Time to Open the Throttle
As leaders search for the next process that will transform their organizations into category leaders, for many – it seems – the answer is close at hand: Innovation. Over the past several weeks and 10 posts on the Vistage Blog , we’ve reviewed key imperatives that formed “Robert’s Rules of Innovation” and that together create…
Read MoreThe Reward of Innovation
Innovation is ultimately about return on investment at the end of the New Product Development process. With the success of a new product launch, everyone benefits – from shareholders and company employees to the consumers. Innovation done well reaps market share gain, new products and new features. Essentially, everyone wins. The last imperative of Robert’s…
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