It's the PROCESS!

A new Booz, Allen Hamilton study reported on by Strategy+Business comes to the conclusion that innovation takes more than money.  (Sometimes you wonder how much money gets spent finding these gems.)  You can read more at the link above, but here's the part I love:

It’s the process, not the pocketbook. Superior results, in most cases, seem to be a function of the quality of an organization’s innovation process — the bets it makes and how it pursues them — rather than the magnitude of its innovation spending.

It amazes me how many organizations are still practicing "random innovation."  Innovation is this wonderful world where nothing is every "either/or" ... it's always "both/and."  It's a little crazy making but it helps to remember that innovation is science *and* art; random *and* planned, process *and* results, out-of-the-box *and* in-the-box ... and so on.