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Abstract:
Innovation flourishes in organizations that embrace all of the following elements in the context of a strategic purpose:
1. Coordinate enterprise-wide leadership and governance of innovation.
2. Develop a shared definition of innovation.
3. Foster a culture of innovation.
4. Manage the innovation portfolio like a venture capitalist.
5. Commit to design thinking.
6. Create radical connection with customers.
7. Build internal and external partnership networks.
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