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Today's dynamic and shrinking world necessitates taking an expanded approach to Innovation.

The traditional manner of Innovating locally and dispersing the product or service globally is no longer as effective as it once was. The reason for the traditional approach's diminished effectiveness is the easy accessibility to superlative knowledge required to Innovate.

Now, in order to access and use such knowledge effectively requires a renewed approach. Global Innovation Strategy is most effective when the 3-prong approach to Global Innovation is taken, which overcomes the Global Innovation trade-off of Knowledge Complexity vs. Global Dispersion. The 3-prong approach is as follows:

1. Compact & Agile Innovation Footprint
2. Capabilities & Structures for Communication
3. Internal & External Collaboration

Applying the required changes is daunting and can take time, but it is one of the best approaches to place an Innovative entity achieve Competitive Advantage in the future.

This framework also discusses important Global Innovation trade-offs, e.g. Knowledge Complexity vs. Global Dispersion, Autonomy vs. Control, Capability vs. Motivation, etc.

The slide deck also includes some slide templates for you to use in your own business presentations.

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Source: Global Innovation Strategy PowerPoint document

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Number of Slides: 28 (includes cover, transition slides)

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Upload date (first version): Feb 11, 2022

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