Tag: Kennametal

Distinguish among different types of innovation The three best-practice organizations recognize that not all innovations are the same. These organizations consider the reach and potential gains associated with each innovation to develop tailored strategies. Unique processes, resources, and vocabularies may be applied to specific innovations and innovation types. For example, Kennametal groups its innovations into…

by Becky Partida of APQC Organizations are facing mounting pressure to innovate in order to spur growth and increase the bottom line. Despite belief to the contrary, the invention of new products and services does not occur spontaneously. There is a process involved, and organizations can take practical steps to ensure that their innovation processes…