By now, most organizations have concluded that they face the threat of disruption, and need to innovate.
Companies often make the mistake of viewing innovation as a set of unconstrained activities with no discipline. In reality, innovation needs to be designed as a process from start to deployment. It starts by generating ideas, but the hard work is in prioritizing, categorizing, gathering data, testing and refactoring.
When organizations lack a formal innovation pipeline process, project approvals tend to be based on who has the best demo or slides, or who lobbies the hardest.
Inspired by: Harvard Business Review - What Your Innovation Process Should Look Like, by Steve Blank and Pete Newell