Project Management Institute

Nurturing the next big thing

There is no shortage of surveys heralding the miracle of innovation for organizations trying to remain competitive in a volatile global economy. As that uncertainty becomes the norm, the focus on innovation is bound to grow. This article discusses how organizations must find a way to marry the fundamentals of project governance that helped them get where they are with the breakthrough concepts that will get them where they need to be. In doing so, it looks at how a solar energy and clean-tech company turns prototypes into business solutions by slashing time-to-market without sacrificing quality. Next, the article details how companies innovate during troubled economic times, citing a study by Wipro and Forbes Insight's Growth Strategies for 2012 and Beyond, which reports that 68 percent of global executives agree that innovation is more important now than before the recession. It then identifies areas where organizations fall short. The article discusses how organizations can make the jump from a cutting-edge
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