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The Recipe for Innovation Success

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Success in innovation isn’t going to happen overnight, nor does it happen as a matter of chance. There’s nothing preordained about successful innovation. There are a number of factors that can contribute to the ultimate success or failure of your latest idea, but the basic formula that I’ve learned over the years is: success = idea + hard work + timing + luck.
The Idea
Having a killer idea – a viable one that addresses a unique need in a creative and useful way – is obviously one of the critical components of success.…

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