Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • A Trusted Fiduciary Authority with 41 Years of Experience.
    A Trusted Fiduciary Authority with 41 Years of Experience. Business
  • Dr. Durrans of Mountain Peaks Family Practice Shares Four Reasons to Wear Sunscreen This Summer (and Beyond)
    Dr. Durrans of Mountain Peaks Family Practice Shares Four Reasons to Wear Sunscreen This Summer (and Beyond) World News
  • Connected Health and Wellness Solutions Market Overview
    Connected Health and Wellness Solutions Market Overview World News
  • America’s Tallest Digital Countdown Clock & Fireworks Light-Up Paramount Miami Worldcenter Tower
    America’s Tallest Digital Countdown Clock & Fireworks Light-Up Paramount Miami Worldcenter Tower World News
  • Day 500:  500 of 50
    Day 500: 500 of 50 World News
  • Ethyl Acetate Market Size, Share And Growth Analysis For 2023-2032
    Ethyl Acetate Market Size, Share And Growth Analysis For 2023-2032 World News
  • Securiport Announces Bronze Sponsorship of The 79th IATA AGM And World Air Transport Summit
    Securiport Announces Bronze Sponsorship of The 79th IATA AGM And World Air Transport Summit Business
  • War in Ukraine, Analytics. Day 1139: Ukraine’s Future is Armed Independence. Arestovych, Feldman
    War in Ukraine, Analytics. Day 1139: Ukraine’s Future is Armed Independence. Arestovych, Feldman World News
New Survey Data Shows Innovation Teams at Large Companies Are Focusing More on Near-Term Initiatives, but Internal Politics and Culture Remain Top Challenges

New Survey Data Shows Innovation Teams at Large Companies Are Focusing More on Near-Term Initiatives, but Internal Politics and Culture Remain Top Challenges

Posted on February 7, 2023 By NewsEditor
New Survey Data Shows Innovation Teams at Large Companies Are Focusing More on Near-Term Initiatives, but Internal Politics and Culture Remain Top ChallengesNew Survey Data Shows Innovation Teams at Large Companies Are Focusing More on Near-Term Initiatives, but Internal Politics and Culture Remain Top ChallengesInnoLead has released a 2023 update to its popular Benchmarking Innovation Impact research with KPMG LLP.

New Survey Data Shows Innovation Teams at Large Companies Are Focusing More on Near-Term Initiatives, but Internal Politics and Culture Remain Top Challenges
Benchmarking Innovation Impact 2023 Report

InnoLead has released a 2023 update to its popular Benchmarking Innovation Impact research with KPMG LLP.

BOSTON, February 7, 2023 (Newswire.com) - Global 1000 companies are pulling back on longer-term innovation projects and allocating more resources toward the near term, according to the new research report Benchmarking Innovation Impact 2023, produced by InnoLead and sponsored by KPMG LLP. Innovation group budgets are under more pressure, compared with an earlier survey conducted in 2019, but more than 40 percent of corporate respondents expect the size of their innovation teams to increase in 2023.

InnoLead surveyed more than 200 professionals globally who work in innovation, R&D, and strategy roles to understand how organizations are navigating decisions related to innovation investment.

Key findings from the report include:

  • More than 40 percent of organizations expect innovation group staffing to increase in 2023, while 43 percent expect group size to remain the same. Fourteen percent are anticipating a decrease. 
  • 26 percent of respondents expect their budgets to decrease in 2023, compared with only nine percent expecting a decrease in the earlier 2019 survey. Thirty-nine percent of respondents expect their budget will increase in 2023.
  • The vast majority of innovation groups (81 percent) say they're working together in a hybrid model, with just 6 percent working together entirely in person and the remainder (13 percent) working entirely remotely. 
  • The top challenge for corporate innovators remains the same as in the 2019 survey: navigating internal politics and turf wars in order to get new initiatives launched.
  • When asked about the factors that help attract additional budget or staff to innovation activities, respondents put two things atop the list: Senior leadership is excited by the innovation group's vision, and the group has demonstrated the ability to generate new revenues. 

"Innovation empowers organizations to deliver new capabilities, tackle unexpected challenges, and meet client demands," says Cliff Justice, National Leader of Enterprise Innovation at KPMG US. "Our report provides valuable insights for leaders in strategy, R&D, design, and more, so they can create quantifiable impact across their organizations."

In addition to quantitative data about how innovation in large organizations is evolving, the 55-page research report includes perspective pieces from KPMG professionals and qualitative interviews with executives from Colgate-Palmolive, Entergy, Goodyear, Illumina, Kimberly-Clark, Mastercard, PTC, and NASCAR. 

To access the report, please visit innovationleader.com/research-reports/benchmarking-innovation-impact-2023/  

To learn more about KPMG LLP, please visit https://kpmg.com/xx/en/home.html. 

Contact Information:
Kristof Torok
Growth and Operations Manager
[email protected]


Original Source: New Survey Data Shows Innovation Teams at Large Companies Are Focusing More on Near-Term Initiatives, but Internal Politics and Culture Remain Top Challenges
Business

Post navigation

Previous Post: ComplianceQuest Introduces Safety Essentials, an AI-Powered Safety Management Solution for Small to Mid-Size Businesses
Next Post: Report: 50% of Amazon Sellers Will Expand to New E-Commerce Platforms and Global Markets in 2023

Related Posts

  • The Big Hoopla Welcomes Teams & Fans Back to Dayton for the 2024 NCAA First Four
    The Big Hoopla Welcomes Teams & Fans Back to Dayton for the 2024 NCAA First Four Business
  • Mia Labs Integrates With Tekion to Bring Seamless Connectivity To The Automotive Ecosystem
    Mia Labs Integrates With Tekion to Bring Seamless Connectivity To The Automotive Ecosystem Business
  • “More lives ruined and lost”
    “More lives ruined and lost” Business
  • Black Bexar Coffee, Veteran-Owned Business, Launches Texas Honey Roast Specialty Coffee
    Black Bexar Coffee, Veteran-Owned Business, Launches Texas Honey Roast Specialty Coffee Business
  • Electric Vehicle Battery Thermal Management System Market Forecast to Hit .4 Billion by 2031: Latest Trends & Insights
    Electric Vehicle Battery Thermal Management System Market Forecast to Hit $8.4 Billion by 2031: Latest Trends & Insights Business
  • Enteral Feeding Devices Market to Undertake Strapping Growth By Reach .8 Billion by 2035
    Enteral Feeding Devices Market to Undertake Strapping Growth By Reach $9.8 Billion by 2035 Business
May 2025
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Apr    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Global Distribution Transformers Market to Reach USD 56.4 Billion by 2035, Driven by Grid Modernization and RenewablesMay 31, 2025
  • AUVSI Announces SolidIntel as New Supply Chain Monitoring Partner for Green UASMay 31, 2025
  • Key Drivers, Trends, Growth Opportunities & Forecast 2025-2034May 30, 2025
  • Unprecedented Opportunities for First-Time Home Buyers in the Fraser ValleyMay 30, 2025
  • The ARON M80 Flying Ship Takes FlightMay 30, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • The Global High Volume Dispensing Systems Market to Rapidly Escalate To .11 Billion by 2028
    The Global High Volume Dispensing Systems Market to Rapidly Escalate To $3.11 Billion by 2028 Business
  • Marking One Year Since the Release of the Administration’s Indo-Pacific Strategy
    Marking One Year Since the Release of the Administration’s Indo-Pacific Strategy World News
  • Secretary Blinken’s Travel to Ethiopia and Niger
    Secretary Blinken’s Travel to Ethiopia and Niger World News
  • Flex Fuel Engine Market Size Anticipates Exceeding USD 105.11 Billion by 2030
    Flex Fuel Engine Market Size Anticipates Exceeding USD 105.11 Billion by 2030 Business
  • NoOnes Announces Zero Fees on USDT Trades in Argentina
    NoOnes Announces Zero Fees on USDT Trades in Argentina Business
  • Stem Cell Therapy Market Is Estimated To Reach 8.6 Million by 2031
    Stem Cell Therapy Market Is Estimated To Reach $928.6 Million by 2031 Business
  • Global Nucleic Acid Isolation & Purification Market Size, Share And Growth Analysis For 2024-2033
    Global Nucleic Acid Isolation & Purification Market Size, Share And Growth Analysis For 2024-2033 World News
  • War Day 42 :: war chronicles with Advisor to Ukraine President, Intel Officer, Alexey Arestovych
    War Day 42 :: war chronicles with Advisor to Ukraine President, Intel Officer, Alexey Arestovych World News
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .