Strategic Framework for Dual Innovation Management PPT

This PPT slide, part of the 25-slide Dual Innovation Ecosystem Strategy PowerPoint presentation, outlines the concept of Dual Innovation, emphasizing 3 distinct fields of innovation and 2 strategic directions for action. It begins by identifying the 2 strategic directions: "Adapt" and "Scale." Adapting involves modifying existing core business models or operating practices, while scaling focuses on ramping up innovative ideas—whether they are incremental or disruptive—to achieve significant business impact.

The slide then delves into the 3 fields of innovation, referred to as "Playing Fields." These are categorized as: "Optimize the Core," "Reshape the Core," and "Create the New." Each of these fields is characterized by unique conditions that dictate how innovation should be approached. The proximity of these fields to the core business is crucial and is influenced by factors such as the business model, technological capabilities, and implicitly, the time scale required for implementation.

Further, the slide highlights that each Playing Field necessitates dedicated leadership and management to ensure success. Specifically, adaptation ventures require corporate interventions, while novel ventures that are intended to be scaled demand the establishment of a dedicated business unit with fully committed resources. This distinction is vital for organizations aiming to navigate the complexities of innovation effectively.

Overall, the slide serves as a foundational overview for executives looking to understand how to structure their innovation strategies. It emphasizes the importance of recognizing different innovation fields and the tailored management approaches required for each, which can significantly influence the outcomes of innovation efforts.

EXPLORE MORE SLIDES FROM THIS PRESENTATION

EXPLORE MORE PRESENTATIONS ON

Innovation Management Business Model Innovation Leadership Innovation