What is the secret to great innovation? Most successful organizations have arrived at a simple formula: start with a business person with the “right” business problem, partner that person with an IT enabler who understands both the business and innovative technologies, add a goal-minded expert technologist, and, finally, incentivize their collective imaginations to invent new ways to apply science and technologies to solve the problem in as-yet undiscovered ways. Then, make the process repeatable.
The right problem is one in which the value of the innovation team’s work is magnified and where business outcomes deliver high-demand, scalable multipliers of value. At the same time, business outcomes deliver sustainable value by widening the innovation gap with capabilities that the competition cannot offer.
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