The attraction of cross-functional interaction for the success of innovative projects in large corporations

Abstract

This article analyzes the impact of cross-functional interaction on the success of innovation projects in large corporations, which is of significant interest in the context of a rapidly changing market landscape and the steady growth of competitiveness. The main focus in this section is on the issue of innovation efficiency in large corporations. The success of innovation projects often depends not only on technological aspects but also on the quality of interaction between various functional units of the company. The problem lies in developing strategies that could optimize this interaction and thereby increase the success rate of projects. To achieve the research objectives, a quantitative analysis method was chosen, which includes the collection and processing of data through surveys of employees from various departments of large corporations. Representatives from management, engineering, marketing, and research departments participated in the survey. The data were analyzed using statistical methods, including correlation analysis and regression models, to identify the relationships between the quality of cross-functional interaction and the success of innovation projects. Data analysis showed that there is a strong positive correlation between effective cross-functional interaction and the success of innovation projects. Companies that exhibit active and productive interaction between departments demonstrate higher innovation success rates, including accelerated time to market for new products and increased market share. The discussion emphasizes the importance of developing strategies aimed at improving cross-functional interaction. In particular, the implementation of cross-functional teams, regular interdepartmental meetings, and additional training options aimed at developing employees' communication skills are recommended. Possible limitations of the study and directions for future research are also discussed in this section. Thus, the article provides an insight into the critical role of cross-functional interaction in the successful implementation of innovations in large corporations and offers specific strategies for improving this interaction.