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Five steps for legacy companies to drive disruptive innovation

Look beyond your core offerings and establish the innovation function as a separate independent entity

Published Sun, Apr 5, 2020 · 09:50 PM

ENTERPRISES often stand in their own way by stalling disruptive innovations or ideas out of sheer loyalty to their core businesses. In today's uncertain economic climate, reluctance to adopt frameworks that suit changing consumer demands puts organisations at even greater risk than they might already be facing.

In fact, best management practices and a healthy research and development (R&D) budget are no longer the only ingredients needed to compete against volatile market forces. Companies th…