You may be innovating already, but are you looking at the whole picture? Here's how to broaden your scope and think globally.

How firms innovate needs to change. The increasing diversity and dispersion of knowledge, the growth of new markets, and the emergence of new competitors require a global and integrated approach to innovation. Many executives and managers know that the way their firms currently organize and carry out innovation has a limited shelf life. But our research has shown that, despite recognizing the challenge and being aware that their companies are ill-equipped to meet it, very few have strategies in place to transform their firms into global innovators.

To read the original article: When It Comes To Innovation, It's Time To Think Globally | Fast Company