Innovation has become a top concern for companies seeking a competitive edge in today's business world, especially as more organizations face new competitors that are using technology as a business disruptor.
In The Conference Board's "CEO Challenge 2013" report, innovation was third on the list of top CEO challenges, after "human capital" and "operational excellence."
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Ideally, companies would formalize their innovation processes, governance and incentives to support a continuous program, says Chip Gliedman, an analyst at Forrester. But of course, not everyone is at that stage. In some cases, IT professionals themselves need to take a page from Ghandi and "be the innovation they want to see in the world."