Model Overview Report

Neglecting Process Innovation Leaves Untapped Business Value

The Underestimated Innovation Value Driver

December 22nd, 2021
With contributors:
Pascal Matzke , Elitsa Kortenska , Diane Lynch

Summary

Innovation managers traditionally focus their innovation efforts on a company’s product and service portfolio to stay competitive. Attractive products and services ensure competitive differentiation and business growth, but organizations often fail to recognize the potential value of inward-focused operational innovation. This might be due to a tendency to measure innovation-related roles against their contribution to product and service innovation only or the challenge of adequately measuring the value-add of company-internal innovations. In this report, we lay out some of the opportunities for operational innovation and propose ways to assess their value contributions.

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