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Screening Innovation Ideas

Screening Innovation Ideas

Innovation ideas are infinite. Selecting the right ones to pursue is hard. Cost-Impact screening is a useful way of thinking about which ideas to go for. Both should be considered from 3 angles: Resources, People, Environment. Go for maximum positive impact and minimum cost.

Cost-Impact screening: maximize impact, minimize cost — across resources, people, and environment.

innovation business frameworks
Source: George Strakhov (2020)