Innovation Hubs Are Struggling: The Shift to Innovation Communities
After two decades of prominence, innovation hubs are showing significant limitations. Organizations are now pivoting toward more dynamic innovation communities that leverage both internal and external collaboration networks for sustainable growth.
Innovation hubs are struggling to justify their existence after two decades as corporate darlings. What was once considered essential for future-proofing businesses and driving breakthrough ideas has revealed significant limitations in practice. According to recent analysis, many organizations are quietly shutting down these expensive operations as they fail to deliver measurable returns, signaling a fundamental shift in how companies approach strategic management and organizational development.
