Innovation remains central to an organization’s ability to adapt to changing markets and technologies. However, increased complexity of most new products and services, reduced development cycles, and leaner budgets have meant that innovation efforts must bring together a depth and breadth of expertise—from both inside and outside the firm—faster and more effectively than ever before. To do so, managers must address three obstacles to innovation that often arise from informal networks:
This article advocates a network-based view that allows executives to assess innovation biases and articulates five practices to more efficiently drive innovation through effective networks.
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