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Innovation Strategy

One of the featured categories on All Things Innovation, Innovation Strategy features a range of helpful information for innovation leadership professionals. This includes innovation strategy, ambidexterity, managing innovation talent, talent composition, disruptive innovation, innovation ideation, innovation frameworks, innovation culture, and more. This area further looks at design and human-centric innovation, breakthrough innovation, agile innovation, transformational innovation, and more foundational knowledge for the innovation expert and novice alike.

Innovation strategy is a carefully planned and organized approach that an organization or business develops to systematically foster, manage, and leverage innovation leadership in order to achieve specific objectives and gain a competitive advantage. It is a high-level framework that outlines how the organization will generate and implement new ideas, products, services, processes, or business models. An effective innovation strategy and framework aligns innovation activities with the overall business strategy and goals.

Key components of an innovation strategy and leadership typically include clear objectives, resource allocation, innovation culture, idea generation, idea evaluation, research and development, prototyping and testing, cross-functional collaboration, market analysis, intellectual property protection, metrics and evaluation, risk management and adaptability. An innovation strategy is a dynamic document that guides the organization’s innovation efforts over time. It helps ensure that innovation is not a random, ad-hoc process but rather a systematic and purposeful one, with a focus on achieving tangible results and maintaining competitiveness in the market.

Articles

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Challenging the Innovation Mindset

So much about the innovation process stems from collaboration—within your group, with your teammates, with other departments such as marketing, stak...
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AI’s Impact on the Innovator’s Role

Innovation veteran Mohan Nair, CEO of Emerge Inc., a transformation and innovation advisory firm, joined FEI25 this year to take the lead of one of th...
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Does More Regulation Help or Hurt Innovation?

If you’re not in the personal care industry—or even if you are but work outside of R&D or marketing—you probably haven’t heard of one of the m...
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Improving Innovation Impact

All Things Innovation caught up with Milan Ivosevic, VP of R&D and Innovation at CooperSurgical Inc., during the recent FEI25 conference. In addition...
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Incubating Innovation

On the first day of the FEI25 conference, All Things Innovation had the chance to chat with Tammy Butterworth, Product Innovation Director, Welch's. B...
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Connecting the Dots: Balancing Technology with Human Insight

Technology solutions can help streamline the most complex innovation processes and ecosystems. Then again, technology can also become burdensome or ob...
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Thinking Bigger: Managing Innovation

All Things Innovation was on hand at FEI25 and had the opportunity to chat with Liza Sanchez, Vice President, Research & Development at Procter & Gamb...
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The CPG Leadership Reset: What It Means for Innovation

The consumer-packaged goods (CPG) industry is undergoing one of its most dramatic periods of executive turnover in recent history. In just the past ye...
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Inspired at FEI25 by Out-of-the-Box Thinking

At the recent FEI25 conference, the innovation community came together to spark innovative ideas, inspire new ways of thinking and to get creative wit...
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Sparking the Spirit of Innovation in a New Era

The innovation community gathered at the recent FEI25 (Front End of Innovation) conference, where they looked to inspire out-of-the-box thinking, spar...