Barriers to Innovation

Andrews, Peter
October 2007
Leadership Excellence Essentials;Oct2007, Vol. 24 Issue 10, p20
The article discusses the barriers to innovation and offers tips for overcoming them. For inadequate funding problems, companies can use resources of informal networks and take advantage of substitutes, the author says. He adds that in taking calculated risks, companies may test their innovations on a small scale to give people reasons to feel safe. A lot of companies measure the success of innovations through revenue and market share. It is noted that it is essential to seek other methods to measure success and assess their value.


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