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Six steps to creating an innovation culture

Prunella Clough

Your company must foster a culture of innovation in order to take advantage of the recent resurgence of corporate R&D departments, writes Waguih Ishak for McKinsey Quarterly.

With the onset of the digital revolution, the prominence of corporate R&D departments at institutions such as Bell Labs and PARC, once powerhouses of innovation, declined in the face of competition from an abundance of smaller external organisations.

But now the in-house R&D department is back, with tech giants such as Amazon, Google and Microsoft leading the way as new advances in artificial intelligence continue apace.

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Credits:
Source Article: Creating An Innovation Culture
Author(s): Waguih Ishak
Publisher: McKinsey Quarterly