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Match Your Innovation Process to the Results You Want

Harvard Business Review

It tends to be short-term, uses familiar (traditional) metrics and development systems like Stage Gate. Incremental innovations can be managed at the operating levels where the people know the customers/consumers best and decisions can be made in a more consensus-driven way with input and agreement between all stakeholder functions.

Process 15
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Still Many Ways to Skin a Capital Cost

Harvard Business Review

To make sure they're comparing apples to apples, they discount those future cash flows to arrive at their net present value. The motivation behind it, as with many, many articles published over HBR's nearly 90-year history, was to take an effective practice developed in one corner of industry and spread it to managers everywhere.

CAPM 13
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How to Choose the Ideas Your Company Should Invest In

Harvard Business Review

A small decision-making team can come to consensus about the right plans to take forward. Note what isn't part of the decision: an idea's net present value or return on investment. Can we build a "reverse income statement" where reasonable assumptions support reaching our profit and revenue targets?

Company 14