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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

Windsurfing on a rogue wave.

Bringing the Rogue Mindset to FEI25

Just how much of a Rogue Mindset do you and your team bring to the innovation table? What can we do to bring more of that unconventional thinking to t...
Coffee cup and plate filled with coffee beans.

Strengthening Product Concept Testing

Many product launches often fail, and it’s accepted as part of the nature of innovation. But does it really need to be that way? Cambri asserts that...
A woman at the vanity with a variety of makeup and beauty tools.

Pushing Beauty Innovation Boundaries with Benchmarking

In a beauty market saturated with products competing closely on price, packaging, and performance attributes, distinguishing through competitive insig...
A woman jogging on a boardwalk.

Speeding Product Innovation Through Social Prediction

The new product development process is fraught with subjective opinions, evidence gaps, small sample sizes, and an increasingly complex and fast-chang...
Interesting light bulb on a futuristic background of data points and circuit boards.

From Silos to Synergy: The Power of Democratized Innovation

The innovation community is emphasizing an increase in collaborative practices, and with that a corresponding decrease in the silo mentality. This ope...

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...