The Daily Stat: Lack of a Big Idea Stands in the Way of Innovation

Are you having trouble viewing this email? If so, click here to see it in a web browser. HOME   |   BLOGS   |   THE MAGAZINE   |   BOOKS   |   AUTHORS   |   STORE RSS   |   Mobile JANUARY 15, 2010 Lack of a Big Idea Stands in the Way of Innovation Only 47% of senior executives see their companies as more innovative than the competition, and 17% concede that they're even less innovative than peers, according to an Ernst & Young survey of C-suite executives at firms with revenues of $50 million to $5 billion. Among the most frequently cited innovation challenges are lack of appropriate personnel (48%) and "lack of a big idea" (41%). Source: Ernst & Young Share Today's Stat: RELATED PRODUCT Getting to Plan B Harvard Business Press Book — A Business Week "Best Innovation & Design Books 2009" Selection You have a new venture in mind. And you've crafted a business plan so detailed it's a work of art. Don't get too attached to it. As the authors explain in Getting to Plan B, new businesses are fraught with uncertainty. To succeed, you must change the plan in real time as the inevitable challenges arise. ADVERTISEMENT Follow the Stat: LATEST POSTS Wanted: A Capital Markets Safety Board How Companies Can Help in Haiti The Disruptors of the Decade Don't Make Conan's Mistake Get the latest posts every morning! PREVIOUS STATS Fast-Moving Consumer Goods Industry Draws Indian Business Grads Nothing Like an In-Person Meeting When Talking About Pay Smaller Raises in 2010, but Fewer Freezes Merging Sales Forces Is a Key Step in M&A Emerging-Market Consumers Like Green Products Executives' Grim Outlook Is Only Short-Term Cell Phones and Green Products Seen As a Boon Single People Become Bigger Force in Real Estate Market How Many Doctors — and What Kind? Travel Expected to Stay Steady at Best in 2010 GIVE THE GIFT OF SUCCESS Send your colleagues and friends a subscription to Harvard Business Review. Order today » UNSUBSCRIBE   |   UPDATE YOUR PROFILE   |   MORE EMAIL NEWSLETTERS   |   PRIVACY POLICY Was this email forwarded to you? If so, sign up to start receiving your own copy. ABOUT THIS MAILING LIST You have received this message because you subscribed to the "Daily Stat" email newsletter from Harvard Business Publishing. If at any point you wish to remove yourself from this list, change your email address, or sign up for other email newsletters and alerts, please visit the Harvard Business Publishing Email Newsletter Preference Center. Copyright © 2010 Harvard Business School Publishing, an affiliate of Harvard Business School. All rights reserved. Harvard Business Publishing | 60 Harvard Way | Boston, MA 02163 Customer Service: 1-800-545-7685 (617-783-7600 outside the U.S. and Canada)