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Innovation

4 Ways for CEOs to Boost Innovation

Innovation has become a leading strategy for corporate growth, and increasingly CEOs must figure out how their companies can do it better, quicker and faster.

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3 Key Principles for Maintaining a Cycle of Continuous Innovation

At the turn of the century, the average lifespan of a major company was 67 years. Now, if a company is on the S&P 500, its average lifespan is about 15 years. The unfortunate fact is that many companies begin with great success and fail to renew themselves. It’s those that pursue a continuous process of growth through innovation on all fronts—business model, products, marketing strategy, and business relationships—that thrive.

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The Key to Successful Innovation Is Proper Implementation

The very purpose of innovation is to change things up, to move processes forward, and to disrupt the status quo. However, “innovation for the sake of innovation” is a misuse of a very powerful and beneficial tool.

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Public Utility Company Exelon Shows Other Sectors and Firms How to Be Innovative

Businesswoman standing looking at marketing flowchart in desert setting

Exelon is a Chicago-based public utility—a traditional, conservative firm. But by some of the moves taking place lately under CEO Christopher Crane—including a new “intrapreneurship” initiative and a flirtation with entrepreneurs known as “Dancing with the Startups”—Exelon seems to be charting a course of reinvention that is unusual for such an old-line concern. And chiefs in other traditional verticals might want to take notice.

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