Innovation is a central component of the manufacturing industry. It can take many forms and address many functions. It can be a simple tactic for improving shop floor operations. It can be a concept for a new type of product or service. It can be a revolutionary approach that completely disrupts the way you do business. But all innovations start much the same way: as an idea.
How does innovation fit into your growth strategy?
Manufacturers can't afford to invest resources in ideas that bring disruption with little gain. Instead of relying on luck, hunches, or lofty visions, manufacturers need to apply strategic planning to their innovation strategies -- from an idea's inception to its execution. When carefully orchestrated, innovation can have a high pay-off.
Download this paper to read more about the manufacturers' debate.
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