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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

Driving Strategy and Transformation Through Innovation

FEI 2024’s Strategy & Transformation track collectively highlights the imperative of aligning strategy for transformation in today's rapidly evolvin...
Like a star or comet shooting out rays of light beams.

The First Steps to Transformational Innovation

All Things Innovation’s annual roundtable discussion, held at the Front End of Innovation (FEI 2024) conference, tackled the big question: “Is tra...
Graphic features a kind of lightspeed with flashes of colors in the center.

Measuring the Human Element

The Front End of Innovation (FEI 2024) conference featured All Things Innovation’s annual roundtable discussion, which tackled the big question: “...
A mousetrap set with cheese ready and waiting.

Capturing Innovation Engagement

All Things Innovation had a chance to chat with Termeh Rassi, Chief Strategy Officer & Editorial Director at Leonardo, at this year’s FEI 2024 confe...
A background of rising laser beams, kind of like a sunrise on the horizon.

Attaining Zero to N Innovation

A highlight at this year’s Front End of Innovation (FEI 2024) was All Things Innovation’s annual roundtable discussion, which tackled the big ques...
Creator or entrepreneur sitting with laptop, business graphics swirling around him like thought bubbles.

Creating a Venture Capital Mindset

Established corporate enterprises tend to struggle at times when they focus on innovation initiatives. Often, organizations are leery of throwing reso...
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Is Transformational Innovation Possible?

One of the most interesting activities at this year’s Front End of Innovation (FEI 2024) was All Things Innovation’s annual roundtable discussion,...
A diamond and its facets.

Finding the Value of Innovation

Gail Martino, VP Partnerships, 387Labs, was on hand at FEI 2024 as a moderator for the Brunch with the Bots presentation on the final day of the confe...
Fireworks exploding in the night sky.

Unleashing Innovation

All Things Innovation was on hand at the recent FEI 2024 conference to discuss innovation with corporate changemakers. We caught up with Liza Sanchez,...
A spiral seashell.

Supporting Agile Innovation

Often, when we think about large corporations, rapid innovation and agile development may not be the first principles that come to mind. Large corpora...