Innovation Strategies

Systemic Innovation

 

7 Dimensions of Strategic Innovation

 

By:

InnovationPoint

   

 

The Strategic Innovation Framework weaves together seven dimensions to produce a range of outcomes that drive Growth

6Ws of Corporate Growth

A Managed Innovation Process lies at the core of the approach. By facilitating the interplay between external perspectives and an organization's internal capabilities / practices – and by looking beyond the obvious – it is possible to inspire the corporate imagination to explore a diverse array of new possibilities.

The process is designed and managed to create Strategic Alignment – the enthusiastic internal support among key stakeholders required to galvanize an organization around shared visions, goals and actions.

   

 

 

Industry Foresight provides a "top-down" perspective that seeks to understand the complex forces driving change, including emerging and converging trends, new technologies, competitive dynamics, potential dislocations and alternative scenarios.  >>>

Consumer/Customer Insight provides a "bottom-up" perspective, a deep understanding of both articulated (explicitly stated) and unarticulated (latent or unrecognized) needs of existing and potential consumers/customers.

Core Technologies and Competencies is the set of internal capabilities, organizational competencies and assets that could potentially be leveraged to deliver value to customers, including technologies, intellectual property, brand equity and strategic relationships.

A company's Organizational Readiness may drive or inhibit its ability to act upon and implement new ideas and strategies, and to successfully manage operational, political, cultural and financial demands that will follow.

9 Signs of a Losing Organization

  

 

 

Lastly, success will be enabled or limited by an organization's capacity for effective, Disciplined Implementation.

An organization moves beyond an ad hoc approach to innovation when it begins develop and institutionalize a cultural mindset and a set of processes that support repeatable, Sustainable Innovation. This then becomes a foundation for ongoing competitive advantage.