Central Innovation Teams: Yes or No?
The central innovation team is a model which is well adopted in many industries. In Parma, for example, research and development budgets tend to be held in large business units which are dedicated to the innovation function. And in Banking as an another example, there are likely to be many small New Product Development teams, each of which is accountable for the innovation in a particular business line. Even in Government, there’s increasing reliance on central innovation teams, in the never-ending pursuit of efficiency and cost savings.
