Why Innovation Fails – a LinkedIn Group Survey

Although the study is limited (survey results represent particular points of view from members who belong to the following LinkedIn user groups: Strategy Management Forum, Strategy Consulting Network, and Front End of Innovation) I found the findings mighty interesting. Here’s the concluding reasons (summarizing the 50 reasons cited as to why innovation fails):

CULTURE: Resistance toward Change

FRAMEWORK: Ineffective or Absent Framework to Innovate

CUSTOMER: Bad Ideas / Customer Disconnect

LEADERSHIP: Absent / Ineffective / Unaligned

BUSINESS CASE: Faulty Assumptions

FEAR: Risk Adversity / Reluctance

VISION: Fixation on Short Term

RESOURCES: Inadequate