![]() |
You are not logged in. Login here.
|
|
Please login here to save this document to a list.
If you don't have an account, you can register for free here.
$25.00
ALL FEES INCLUDED
| Add to Cart |
HIGHLIGHTS
DOCUMENT DESCRIPTION
Innovation Management comprises of managing the whole process of an organization's Innovation efforts. The Innovation Management process entails phases from conception through successful implementation, including making strategic decisions, taking critical actions, and exercises of contriving and executing an Innovation Strategy.
Conventional Innovation Management is unable to sustain itself in the face of contemporary needs. Organized and most modern Innovation Management necessitates a business to have 2 key capabilities:
1. Discovering fresh offerings
2. Exploiting prevailing opportunities
We call this approach Dual Innovation Management. Dual Innovation has become a necessity for businesses to survive intense competition in today's markets. Dual Innovation refers to extending current Business Models in new directions, as well as creating completely novel Business Models at the same time.
In order to manage such complex Innovation scenarios, a proper Dual Innovation Management System is required to be put in place. For such a system to be established, following 4 vital premises, on which the system is contingent, are essential:
1. Balanced Portfolio Approach – Innovation Management takes an equalized portfolio approach. The whole Innovation portfolio can be bifurcated into Exploitation-focused and Exploration-focused Innovation ventures.
2. Equal importance to Exploitation and Exploration – Leading executives have to be completely on-board in assigning same level of importance to Exploitation and Exploration ventures as both are essential for a company to prosper tenably.
3. Separation of Exploitation and Exploration initiatives – Exploitation-focused and Exploration-focused ventures are set apart on the basis of organizational anchoring, governance, and funding perspectives.
4. Support by a proper Idea Management System – Nurturing an Innovation Portfolio is aided by a good Idea Management System which either assigns an in-house or external idea to the analogous unit, or rejects it.
This Dual Innovation Management PowerPoint presentation not only covers the Dual Innovation Management Model in further detail, but also sheds light on 3 Strategic Horizons of Innovation and the Idea Management Framework.
The slide deck also includes some slide templates for you to use in your own business presentations. These PowerPoint templates convey Dual Innovation Management Systems, the Idea Management Framework, and the Dual Innovation Management Model.
Got a question about the product? Email us at [email protected]. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Innovation, Ideation PowerPoint Slides: Dual Innovation Management PowerPoint (PPTX) Presentation, Flevy
ABOUT FLEVYPRO
FlevyPro is a subscription service for on-demand business frameworks and analysis tools. FlevyPro subscribers receive access to an exclusive library of curated business documents—business framework primers, presentation templates, Lean Six Sigma tools, and more—among other exclusive benefits. Click here to learn more about FlevyPro and its benefits.
DETAILS
This business document is categorized under: Business Framework Primers
File Type: PowerPoint (pptx)
Tag(s): Innovation Ideation
Number of Slides: 26 (includes cover, transition, & marketing slides)
Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.
Upload date (first version): Sep 15, 2022
![]() | Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more. To receive this free download, enter your email address below and click the "Email Me" button. |
|
"If you are looking for great resources to save time with your business presentations, Flevy is truly a value-added resource. Flevy has done all the work for you and we will continue to utilize Flevy as a source to extract up-to-date information and data for our virtual and onsite presentations!"
– Debbi Saffo, President at The NiKhar Group
|
|
"FlevyPro provides business frameworks from many of the global giants in management consulting that allow you to provide best in class solutions for your clients."
– David Harris, Managing Director at Futures Strategy
|
|
"Flevy is our 'go to' resource for management material, at an affordable cost. The Flevy library is comprehensive and the content deep, and typically provides a great foundation for us to further develop and tailor our own service offer."
– Chris McCann, Founder at Resilient.World
|
|
"I have used FlevyPro for several business applications. It is a great complement to working with expensive consultants. The quality and effectiveness of the tools are of the highest standards."
– Moritz Bernhoerster, Global Sourcing Director at Fortune 500
|
|
"FlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients. In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over! The quality of the decks available allows me to punch way above my weight – it's like having the resources of a Big 4 consultancy at your fingertips at a microscopic fraction of the overhead."
– Roderick Cameron, Founding Partner at SGFE Ltd
|
|
"The wide selection of frameworks is very useful to me as an independent consultant. In fact, it rivals what I had at my disposal at Big 4 Consulting firms in terms of efficacy and organization."
– Julia T., Consulting Firm Owner (Former Manager at Deloitte and Capgemini)
|
|
"Flevy is now a part of my business routine. I visit Flevy at least 3 times each month.
Flevy has become my preferred learning source, because what it provides is practical, current, and useful in this era where the business world is being rewritten. In today's environment where there are so many challenges and there is the need to make the right decisions in a short time, with so much scattered information, we are fortunate to have Flevy. Flevy investigates, selects, and puts at our disposal the best of the best to help us be successful in our work." – Omar Hernán Montes Parra, CEO at Quantum SFE
|
|
"I like your product. I'm frequently designing PowerPoint presentations for my company and your product has given me so many great ideas on the use of charts, layouts, tools, and frameworks. I really think the templates are a valuable asset to the job."
– Roberto Fuentes Martinez, Manager at Technology Transformation Advisory
|
![]() Do You Want to Get Lean?
We've assembled 40 Lean Six Sigma guides: Lean Management, Six Sigma, Strategy Planning, Process, and Change Management.
|
![]() Waste Too Much Time on PowerPoint?
Get our FREE PowerPoint Plugin (Flevy Tools) for creating common business diagrams, from Gantt Charts to Harvey Balls.
|
![]() Do You Run a Consulting Firm?
Learn how to level the playing field with global consulting firms, like McKinsey, BCG, Bain, E&Y, and Accenture.
|
![]() Need Help with PowerPoint or Excel?
Have our highly trained staff create the exact documents you need. We offer PowerPoint and Excel document creation services.
|
© 2012-2023 Copyright. Flevy LLC. All Rights Reserved.