Best practices can help businesses run more efficiently, but sometimes identifying and integrating them internally is challenging, according to December 2015 research.
In a survey by General Electric (GE) and Edelman Berland, which asked respondents to choose their three most challenging best practices to implement for enabling innovation, almost half (43%) of business executives worldwide said that creating a connected culture where idea-sharing is facilitated and where all the contributing parties are recognized and rewarded was one of them.
And nearly the same amount of respondents said that creating a set of metrics to decide which product or service should be funded or killed, as well as having a clear process and structure in place to manage innovation, were among the most challenging best practices to implement. Read the rest at eMarketer.
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