Why do some innovations transform industries while others fade into oblivion?

I recently stumbled upon an intriguing article from HBR about the secrets behind scaling up transformational innovations. And it got me thinking about the common pitfalls many businesses face.

Here are 5 actionable insights that can guide you:

🌟 Customer-Centric Approach

→ Understand the core needs and pain points of your customers.

↳ Innovate with their perspective in mind, not just what's trendy.

⚡ Agility is Key

→ The market waits for no one.

↳ Foster a culture where ideas can be rapidly tested and iterated.

🤝 Cross-Functional Collaboration

→ Break the silos.

↳ Bring together teams from diverse disciplines to create holistic solutions.

🔗 Strategic Partnerships

→ Leverage external expertise.

↳ Collaborate with other companies to expand your capabilities.

🌱 Sustainability

→ Innovations should not just be groundbreaking but also sustainable.

↳ Think long-term impact.

In my 30 years of navigating the innovation landscape, these principles have consistently proven their worth. The path to groundbreaking innovation often lies in the basics done exceptionally well.

What are some strategies you've used to scale innovations? Let us know down below or on LinkedIn!