Large corporations have a positively dismal record of success when it comes to innovation. Mitch Ditkoff has observed the trials and tribulations of implementing innovation for the past 22 years, and has assembled a list of 56 reasons why most corporation innovation initiatives fail on his Heart of Innovation blog.
Some are fairly obvious, like lack of time to pursue innovation and a risk-averse culture. But others are more insidious, like poorly facilitated meetings (which tend to kill promising ideas), middle managers not on board with the need for innovation and diverse inputs and conflicting opinions not honored (Who do you hire? People just like you, or “smaller” than you!).
Lots of food for thought here. But this impressive list begs the question: What are you gonna DO about it in your company?