Policies

Successful → Entrepreneurs have consistent policies and a written → Business Plan that defines short- and long-term requirements for growth and provides a framework for → decisions.

→ Guiding Principles: Why and How

The plan needs to be developed with input from all levels of the organization. Innovation strategies need to be dynamic. they should be updated at least annually and more frequently if market conditions change.

→ Learning SWOT Questions

Leaders must develop an innovative workforce and Inhibit or expand the company-wide search for radical ideas through articulation of strategic intent, a concept that embodies a misfit between current resources and corporate aspirations.  Strategic intent is a senior management's primary motivation tool for idea generation by encouraging actively the quest for → new opportunities.

Infrastructure

Successful entrepreneurs understand how to embed vision, mission and → values of the company into the whole organization.

→ Innovation-friendly Organization

They create the infrastructure of processes and systems that supports growth by developing reliable, consistent, and → lean processes and systems in the areas of → managing and leading people, planning and alignment, and finance and control.