Business

The Biggest Obstacles to Innovation in Large Companies

What are the most common barriers to innovation in large companies? According to a survey of 270 corporate leaders in strategy, innovation, and research and development roles, they are: politics, turf wars, and a lack of alignment; cultural issues; inability to act on signals crucial to the future of the business; lack of budget; and lack of the right strategy or vision — in that order. By: Scott Kirsner