The creation of an innovation team is not something that can be taken lightly in order to be effective.  The job demands good strategy and strong commitment and involves the formulation and creation of a culture that would encompass the whims of innovation through the process of encouragement and promotion of entrepreneurship in the organization.  According to the most recent research conducted by the Conference Board, CEO Challenge 2013, innovation is among the top 3 challenges faced by CEO’s in 2013. need to tackle. Moreover, this report also ranks at the top, issues related to human capital, for example training and retention, both important aspects of innovation.

Conference Board, CEO Challenge 2013

In the pursuit of growth and innovation, executive leadership is committing to the allocation of dedicated teams that are responsible for leading the entire organization.  The Chief Innovation Officer is yet another important figure when it comes to guiding the plans and goals of organization towards creation of new ideas and profit. The Innovation Leader Forum (ILF) has been working for the past three years connecting innovators and leaders who are directly concerned for the initiation of an organizational change.

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