Tactical action plan to improve creativity and innovation for
hypervelocity investments
There are three principal areas of improvement. These are:
- Creating an agile process that enables rapid screening of ideas into
full development at low investment costs – is the idea feasible? If
not, terminate quickly.
- Developing innovation teams (“skunkworks” [5]) that are small in
size, with sufficient authority to rapidly generate concepts into
decisions
- Creating an enabling culture and a decision framework that provides
innovation teams with less constraining oversight to chase
hypervelocity conditions [10,11].
These areas are further expanded below.