Big companies tend to act like big companies, regardless of how innovative they consider themselves to be.
“Big company” behaviors include spreadsheet slavery, failure allergies, and “buying” innovation through acquisitions. Other challenges include collaboration, communication, and alignment.
In a recent article in Entrepreneur Magazine entitled “Get Your Innovation Mojo Back With These 8 Tips,” author Bismarck Lepe details some of the greatest innovation challenges for large companies, along with 8 steps in the right direction.
Here are three of my favorites from the article: