Leveraging Global Networks for Intelligent Innovation PPT

This PPT slide, part of the 32-slide Dimensions of Intelligent Innovation PowerPoint presentation, presents an overview of the "Global Network" dimension within the context of intelligent innovation. It emphasizes the importance of leveraging a global innovation network to enhance both knowledge acquisition and cost efficiency. The description highlights that each site or external partner must be integrated into a well-managed innovation network, suggesting a structured approach to collaboration.

The section titled "What Intelligent Innovators Do" outlines key actions for organizations aiming to be at the forefront of innovation. It stresses the necessity of harnessing a global network to tap into critical expertise and emerging technologies. This indicates that organizations should not only focus on internal capabilities, but also actively engage with external resources. Sharing knowledge, ideas, solutions, and resources is underscored as a vital practice, promoting a culture of collaboration and collective problem-solving.

The "Support Mechanism Required" segment identifies 3 essential levers for effective global innovation networks: Sensing, Accessing, and Melding. These levers suggest a framework for organizations to develop their innovation strategies. Sensing likely refers to the ability to identify opportunities and trends, while Accessing points to the capacity to reach out to necessary resources or expertise. Melding implies the integration of diverse ideas and solutions, fostering a cohesive innovation process.

Overall, the slide conveys that a well-structured global innovation network is crucial for organizations seeking to innovate effectively and maintain a competitive edge in rapidly changing markets. By focusing on these dimensions, companies can position themselves to grow faster than their competitors.

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Innovation Management Innovation