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Is your business positioned to innovate successfully?

๐ŸŒŸ According to BCG's 18th Annual Innovation Study, while companies are placing a high priority on innovation, their ability to bring those ideas to life is on the decline. ๐Ÿ“‰ In 2024, only 3% of companies are classified as innovation ready, a sharp drop from 20% in 2022.

The key roadblock? An unclear strategy! ๐Ÿ›‘ Just 12% of executives see strong connections between their business and innovation strategies. ๐Ÿ’ก And despite dabbling in GenAI, a mere 8% are implementing it on a large scale. ๐Ÿ”„

The verdict is in: a clear innovation strategy is the secret sauce for success! ๐Ÿš€โœจย 

downward trend in innovation

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