Framework for Dual Innovation Management Strategy PPT

This PPT slide, part of the 26-slide Dual Innovation Management PowerPoint presentation, presents a framework for Dual Innovation Management, emphasizing its role in reshaping core business operations while simultaneously exploring new opportunities. It outlines key components of the innovation portfolio, divided into 2 main categories: Exploitation and Exploration.

Under Exploitation, the focus is on capturing execution value through established business models and technologies. This section highlights the importance of operational governance, funding mechanisms, and strategic objectives. It suggests that organizations should prioritize annual budgeting and leverage existing markets to optimize their current offerings.

In contrast, the Exploration section emphasizes value creation through innovative practices. It encourages the establishment of dedicated exploration units and corporate innovation boards to foster a culture of creativity. The funding approach here involves corporate funds and staged investments, allowing for flexibility in pursuing new business models.

The framework is further segmented into 3 strategic horizons: H1 (Core), H2 (Growth), and H3 (Future). H1 focuses on optimizing existing business models, while H2 aims at scaling new models and adapting to evolving markets. H3 is about discovering and validating entirely new business opportunities, positioning the organization for future success.

Leadership and enabling factors are also discussed, suggesting that an open, collaborative culture and effective idea management systems are crucial for fostering innovation. The slide concludes with a statement on the prevalence of Dual Innovation methodologies among leading firms, reinforcing the model's relevance in today’s business environment. This framework serves as a practical guide for organizations looking to balance their core operations with innovative pursuits.

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Innovation Management Ideation Value Creation Leadership Creativity Innovation Governance Creativity Positioning

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