Innovation entails not only the disciplined creation and implementation of new ideas that add value but also the acumen to identify and cease zombie projects.
Has a project consistently failed to deliver expected outcomes despite substantial investments? Could the project’s objectives be achieved more efficiently through alternative means? Have shifts in strategic direction made the initial goals irrelevant?
Idea for Impact: Instead of pouring additional resources into a zombie project in the hope of eventual success and payback, consider the risk of squandering more funds. In an era of limited resources and unmet demands, making careful resource allocation is a crucial aspect of effective innovation.
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