Optimizing Physical Sites for Effective Innovation PPT

This PPT slide, part of the 28-slide Global Innovation Strategy PowerPoint presentation, emphasizes the importance of maintaining a manageable number of physical sites within an innovation network. It asserts that only those sites which can contribute exclusive and discerned knowledge should be included. The rationale behind this is rooted in the rising costs associated with managing, communicating, and coordinating multiple sites. As the number of locations increases, the marginal costs also rise, potentially diminishing the overall value derived from innovation efforts.

It points out that duplication and redundancy can detract from the benefits of innovation, suggesting that an ideal number of sites is one that is sufficient for operational needs, but not excessive. This balance is crucial for optimizing the innovation footprint, which should be adaptable enough to facilitate the discovery and access of new market sources and technical knowledge.

The slide also proposes several short-term strategies to enhance the efficiency of the physical footprint. Engaging open-source intercessors can help fill specific knowledge gaps. Collaborating with a broader range of geographically diverse partners can further enrich the innovation process. Additionally, undertaking learning excursions to identify valuable knowledge sources is recommended.

Overall, the content suggests that a streamlined approach to physical sites can significantly enhance the effectiveness of innovation strategies. By focusing on quality over quantity, organizations can better leverage their resources and knowledge networks, ultimately driving more impactful innovation outcomes.

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Innovation Management Globalization Innovation