Dual Innovation Management – PowerPoint PPTX Template

INNOVATION MANAGEMENT PPT TEMPLATE DESCRIPTION

Editor Summary Dual Innovation Management is a 26-slide PowerPoint framework by Flevy that provides a model and tools for managing both Exploitation and Exploration innovation streams. Read more The deck covers a Balanced Portfolio Approach, the 3 Strategic Horizons (H1, H2, H3), an Idea Management Framework, and a Dual Innovation Management Model. Included deliverables: Balanced Portfolio Assessment Template, Idea Management Framework Template, Strategic Horizon Mapping Tool, Executive Commitment Checklist, and an Innovation Portfolio Management Dashboard. Available on Flevy with immediate digital download.

Use this deck when an organization needs to manage parallel innovation agendas—improving existing businesses while developing new business models—such as during strategic planning, capability-building workshops, portfolio reviews, or innovation training.

  Corporate executives aligning innovation strategy and allocating budget across Exploitation and Exploration initiatives during strategic planning sessions.
  Innovation leaders designing or updating an Idea Management System and defining governance for idea intake, evaluation, and assignment.
  Business development teams mapping new projects to growth horizons and prioritizing resources for H2/H3 opportunities.
  Strategy teams assessing portfolio gaps and using mapping outputs to recommend rebalancing.

The approach applies horizon-based portfolio balancing and staged idea governance consistent with common consulting practices of horizon mapping and portfolio assessment.

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Explore Slides inside the Deck:

Framework for Dual Innovation Management Strategy Strategic Horizons for Innovation Management Balancing Exploitation and Exploration for Innovation Success

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.

Explore Slides inside the Deck: