The Innovation Spend & Trends Report has just been released onsite at FEI: Front End of Innovation. Be among the first to gain from this benchmarking report which showcases how innovation leaders are changing mindsets and spending to grapple with this current moment in time.
The FEI and All Things Innovation community completed an extensive survey covering what executives are thinking, how they’re spending and the issues they face. Per the results, this is a senior-level, experienced, cross-industry group. The biggest strengths are helping the business do more with less and having an “impactful influence on the business.” The biggest opportunities are “creating new/next gen products” and “guiding enterprise strategy.” That said, the top challenges, weaknesses and threats are around “balancing short-term innovation with long-term thinking.” “Business resistance to change,” is a major issue. When it comes to collaboration, lack of time, money, and goals not being aligned are the top issues cited. These strengths and opportunities, weaknesses and threats are historically consistent for the innovation function.
Thank you to our contributors who provide expert commentary and answer some of those questions within this report: