Innovation is a much harder capital to measure and maintain than the number of computers in your building. Reuven Cohen writes for Wired Innovation Insights about what can be done to account for this challenge.
Wired for Innovation
The conventional wisdom of using a private think tank to solve problems that have plagued businesses for decades likely is not going to work out. After all, research suggests only 20-40 percent of R&D ever translates into a successful product or service. Collaboration and insight-sharing, across and outside of your industry, is the new name of the game for solving the big problems. To learn more, you can read Cohen’s lengthy full article here: http://www.wired.com/2014/04/innovation-capital-inspire-entrepreneurship-creativity-business/