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DESCRIPTION
Product Innovation has become everyone's responsibility. But, when everybody owns innovation, nobody owns innovation.
Strategically, Product Innovation now calls for Innovation Management to minimize duplication and confusion. Innovation Management provides clarity and delineation on accountability (authority) versus responsibility (stake) by providing direction and prioritizing investments.
Building an innovation-competent organization required the application of fundamental approaches to achieve evolutionary innovation:
1. Application of Innovation Ambition Matrix as a powerful collaboration framework. This will help our company decide how to analyze different growth initiatives.
2. Objective selection of the Organizational Model (Centralized, Decentralized, or Federated) that best fits our organization and culture.
While not one model fits our organization, an Organizational Model directs our company towards achieving both evolutionary and breakthrough innovations.
Innovation is about being fast, agile, lean, and adaptable. An appropriate model can establish the foundation of our company for a culture of collaboration and innovation success. Proper Product Innovation initiatives can lead to a well-considered organizational choice and successful competitive cultural shift.
This deck also includes slide templates for you to use in your own business presentations.
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Source: Best Practices in Innovation, Product Strategy PowerPoint Slides: Product Innovation Management PowerPoint (PPT) Presentation, LearnPPT Consulting
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We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
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Product Innovation Frameworks
This bundle contains 3 total documents. See the additional documents to the right.
Innovation Management Product Strategy Jobs-to-Be-Done Maturity Model Disruption Product Launch Strategy Customer Experience Product Lifecycle Positioning Creativity Service Design Business Model Design Ideation Pricing Strategy Value Proposition Business Framework PowerPoint Diagrams KPI Business Transformation Business Model Innovation Strategy Development Innovation Culture Presentation Development Pyramid Principle Natural Language Processing Fourth Industrial Revolution Robotic Process Automation Artificial Intelligence Restructuring Organizational Design Organizational Behavior Leadership Problem Solving Hypothesis Generation Consulting Frameworks Education
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