Skip to content

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

Make Your Point book cover

Make Your Point!: Speak Clearly And Concisely Anyplace, Anytime

In less time than it takes to fly from New York to Chicago, readers of Make Your Point!...
Empowering Yourself book cover

Empowering Yourself: The Organizational Game Revealed

“Work hard and you’ll get ahead!” We’ve heard that all our lives, but has it worked? Has your...
Crumpled paper on top of idea/innovation sketch pad with drawing of light bulb.

FEI 2024 Report: The Future of Innovation

A successful three-day event marked Front End of Innovation (FEI) 2024 in Boston, held June 10 to 12 at the Omni Hotel at the Seaport. A reenergized a...
Book cover of Lean vs. Agile vs. Design Thinking

Lean vs. Agile vs. Design Thinking: What You Really Need to Know to Build High-Performing Digital Product Teams

As companies evolve to adopt, integrate, and leverage software as the defining element of their success in the...
Man shouting into a large megaphone.

Leaning into Crisis Innovation

In times of crisis, conventional wisdom seems to indicate that companies tighten the reins on personnel and their budgets, and that innovation efforts...
A white empty picture frame leaning on a white brick wall.

Selecting an Innovation Framework

The science of innovation, especially as seen through frameworks, is an important aspect of the operational process. With innovation a sometimes spraw...
A variety of ingredients in spoons. Diversity.

Creating the Right Innovation Team

Innovation was often seen as the task of a lone inventor, but that mindset has changed over the years. Rather than the solitary genius approach to inn...
Yellow and black Caution hazard lines on pavement.

Avoiding Innovation Traps

The road to innovation can sometimes be straight and unencumbered. But more than likely, it can also be a long and winding route, with many obstacles...
Wide Lens book cover

The Wide Lens: What Successful Innovators See That Others Miss

How can great companies do everything right—identify real customer needs, deliver excellent innovations, beat their competitors to market—and...
A bridge centered between two buildings.

Bridging Generational Divides in Innovation

Some may call it the generational gap, whether it be in the workplace or the marketplace, but that gap also signals opportunity. The sheer diversity o...