25% of global executives say that a lack of coordination is one of the biggest obstacles to innovation ROI

BCG Global Innovation Survey (2015)

A lack of coordination is one of the biggest obstacles to innovation ROI, according to a survey of global executives. One-quarter of respondents said that poor coordination was a major obstacle to achieving a return on investment from innovation initiatives. The survey also found that a lack of communication and alignment among stakeholders was another major obstacle to innovation ROI. In order to overcome these obstacles, executives need to invest in tools and processes that will help them to better coordinate and communicate with all stakeholders. They also need to create an environment that is conducive to innovation, where everyone is encouraged to share their ideas and collaborate. Only by addressing these challenges head-on will companies be able to achieve the full potential of their innovation initiatives.