Formulating a strategy is still useful in an increasingly disruptive and unpredictable environment? Is innovation a strategic activity in companies and organizations? How to merge innovation and strategy?
Innovation currently has more strategic weight than ever. In other words, strategy must be more innovative every day.
A quick assessment to determine the situation in which a company or organization is, regarding its innovative culture and capacity for innovation.
If the organs of power of the company decide or should decide on innovation and strategy, in this 2nd part we are going to consider some different forms of corporate governance. Which means: Who is responsible for orchestrating innovation and strategy with short-term operations?
What is the future of innovation-driven growth?” Two driving waves of innovation are identified, although it is also emphasized that their effects will take time to materialize.
15 European countries are in the top 25. For Spain, the performance gap with the EU is getting bigger…
It is no longer just undertaking digital transformation, but a need to adapt to an environment of accelerated change.
If continually adapting is tiring and if in some organizations, social environments or territories it is so difficult to innovate, it is because there are barriers or resistance.
Implement, improve and accelerate an agile innovation process.
Interactive online webinar:
° 5 modules of 3 hours
° With practical exercises
My thesis here is that, starting from a certain company size, harmonizing and integrating innovation, as well as medium- and long-term strategic issues, with daily operations in the short term is a problem that requires special attention.
Therefore, “orchestrate the company” will have the meaning of harmonizing and integrating both fronts: the short, medium and long term, to “sound” like a perfect “symphonic orchestra”, without dissonances and with “creativity” and “excellent” results. ”.
Starting a new company is an exciting process in which, from the beginning, should not miss innovation and agility.
A new company is actually transform a good idea into reality so that it generates benefits in the economic or social field and lasts over time. And it better be an innovative idea put into practice with agility.
It is a fairly generalized fact to believe that innovation starts with “ideas”. According to this hypothesis, ideas are first raised and then become innovations.
But experience shows that the most successful companies with the most innovative continuity tend to be those that start from a strategic perspective.
Innovate is to bring good ideas into reality, continuously and successfully. It means converting knowledge and ideas into new products or services, new or improved processes to obtain competitive advantages.
Any innovation can mean a radical leap, something that the market has never seen, or it can be incremental, taking an existing concept and improving, turning it into something new.
In both cases, innovation is the result of the process of managing a continuous flow of projects and programs that channels the necessary resources to bring them into a successful end.
Creating a new business is an exciting and passionate process that, from the beginning, should not miss two factors: innovation and agility.
A new company is to implement a good idea in the economic and / or social field, to generate profits and endure over time. 12 topics for active learning.
How we apply an innovation model in SMEs. Differences with large companies.
The activities to be carried out are essentially the same as in large companies, the differences are in resources, time and dedication. The Mittelstand.
Paper presented at the Third ACCID and APC Conference. University of Girona.
Models are simplifications of reality that serve to reduce the complexity and transmit knowledge or experience which must then be adapted to another reality.
We’ll see a model based on business practice…
There is no leader as the starling’s swarm. There is no command-and-control structure to direct the group. Indeed, it turns out that it is the very opposite with extremely decentralised decision-making. Whilst there maybe thousands of birds flying together, each starling notes the actions of up to seven neighbours.
When we talk about an innovation strategy, we can refer to different ways to get to build:
Trying to find out the future and explore the different scenarios that are most likely to occur.
Be aware of the increasingly accelerated changes in our entire environment, and prepare to adapt as quickly as possible.
Whether your company is small or large, your success in innovation will depend on having a suitable portfolio or pipeline of innovation projects and programs. And also, to manage it in an agile and efficient way.
A set of ideas, projects, and programs that the organization is managing as it would with a set of investments, in order to obtain explicit results and objectives focused on an innovation strategy.
The objective is to convey the need and urgency of innovation in all organizations and in all areas.
The thesis is that innovation is key to improving the macro and micro economy, and that in times of crisis, the most innovative companies and territories do better.
The existence of barriers to innovation slows down economic and social development in the areas in which we operate.
Accelerated and abrupt changes such as the current crisis caused by Covid-19 have further catalyzed the urgency of innovation and its necessary financing.
For emergency innovation we must accelerate the management of our innovation projects, reviewed and selected on the one hand, and extend the critical mass of innovative projects and companies in our environment.
Suggested that a strategy be 35 words to ensure understanding across the organisation, there appears to be confusion.
Dr. Pete Compo, author of the upcoming book “The Emergent Approach”™ to Strategy, reviewed over 70 definitions from many sources.
A strategy is the central rule of a framework, designed to unify all actions and decisions around busting the bottleneck to achieving the foremost aspiration.
This definition retains what is useful in the 70 definitions and solves the identified problems.
Summary of the main observations and conclusions of the Global Innovation Index Report GII 2020 dedicated this year to the monographic topic of “Who will finance the Innovation” in the crisis generated by Covid19.
The analyzes presented allow us to have a global vision of the subject and extract some trends.
The publication of the next Global Innovation Index report, 2020, has been announced.
This year’s GII is dedicated to the theme: “Who will finance innovation?” and will be available for download from September 2. The report analyzes the state of innovation financing around the world, also in the context of the Covid-19 pandemic
