Let's have a meaningful discussion about business innovation
and its impact on society. According to a survey, 84% of executives believe
that innovation is critical to their future success. However, it is noteworthy
that 95% of all product innovations fail, as noted by Harvard Business School
professor Clayton Christensen. Furthermore, one in every five new products
fails to meet customer expectations. Despite this, 62% of fast-growing
businesses plan to invest in initiatives that enhance innovation, and nearly
30% of companies are actively incorporating AI into their innovation strategies
(Business Consulting Group). When comparing company sizes, 58% of large
businesses are engaged in innovation, while 44% of small and medium enterprises
(SMEs) are involved, According to Accenture.
Consumer perspectives on innovation are also significant:
84% of consumers consider innovation to be somewhat or very important in a
company's ability to sell products.
IdeaScale is an innovation management solution that connects
organizations with individuals who have innovative ideas. We are recognized as
the industry standard and the most robust innovation management platform
available on the market. Our idea and innovation management software, services,
and crowdsourcing platform will help elevate your innovative efforts to the
next level.
Nick Jain is the CEO of IdeaScale and has an inspiring
rags-to-riches story. Raised by his single grandmother in a small city in
India, Nick graduated at the top of his class from Harvard Business School.
Throughout his career, he has worked at prestigious investment firms such as
Bain Capital and Greenlight, leading significant business transformations
across three distinct industries: trucking, men’s footwear, and now B2B
software. Nick is an expert in marketing, team management, and creating
win-win-win outcomes for his three stakeholders: customers, employees, and
shareholders.
For more information, visit https://ideascale.com/. Connect
with Nick on LinkedIn: @NickJain.
