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In the Digital Age marked by rapid technology change, virtually no company can ignore the imperative to innovate. Failing to do so is an invitation to lose business.

To learn how companies are responding to this mandate, a global consultancy conducted a major global study in 44 countries. The goal was to understand how leaders view Innovation and what is being done to reap its rewards. Findings showed that companies are struggling with aligning Innovation efforts with business strategy. Companies across a wide range of industries and technology are also enlisting technology as the driver for market change and Innovation and not just an enabler.

A great number of companies are also opening up the Innovation process earlier to a broader set of stakeholders both inside and outside the company. Customers are already brought in even while in the ideation phase. Today, Innovation is no longer the domain of a chosen few.

This framework discusses the 5 principles of Innovation Strategy, essential in guiding organizations to make breakthroughs in Innovation.

1. Strategy-driven Innovation Spend
2. Viable Business Models
3. Open Innovation Models
4. Human Experience
5. Technology-driven Innovation

In an era of rapid technology and market change, it is now essential of companies to increase their capacity to innovate.
This deck also includes slide templates for you to use in your own business presentations.

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This business document is categorized under:
Business Framework Primers

File Type: PowerPoint (ppt)

Tag(s): Digital Transformation, Innovation

Number of Slides: 27

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Upload date (first version): Mar 20, 2019

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5 Principles of Innovation Strategy

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