Global Innovation Strategy (PowerPoint PPTX)

DESCRIPTION

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.

This PPT delves into the intricate balance between Knowledge Complexity and Global Dispersion, providing actionable insights to navigate this challenging landscape. It highlights the importance of maintaining a Compact & Agile Innovation Footprint, which is essential for managing the physical sites in an innovation network. The framework underscores the necessity of integrating multifaceted knowledge through effective communication structures and fostering both internal and external collaboration.

The presentation also addresses the perceived trade-offs that often hinder global innovation efforts, such as Autonomy vs. Control and Capability vs. Motivation. It offers practical templates to help you visualize and manage these trade-offs effectively. By leveraging this comprehensive strategy, your organization can overcome the barriers to global innovation and achieve a sustainable competitive advantage.

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Source: Best Practices in Innovation, Globalization PowerPoint Slides: Global Innovation Strategy PowerPoint (PPTX) Presentation, LearnPPT Consulting