Overcoming the barriers to effective innovation (pdf format) by Pierre Loewe and Jennifer Dominiquini
The top six obstacles to innovation identified by respondents were consistent across industries:
- Short-term focus.
- Lack of time, resources or staff.
- Leadership expects payoff sooner than is realistic.
- Management incentives are not structured to reward innovation.
- Lack of a systematic innovation process.
- Belief that innovation is inherently risky.