Product Innovation Management (PowerPoint PPT Slide Deck)

DESCRIPTION

Product Innovation has become everyone's responsibility. But, when everybody owns innovation, nobody owns innovation.

Strategically, Product Innovation now calls for Innovation Management to minimize duplication and confusion. Innovation Management provides clarity and delineation on accountability (authority) versus responsibility (stake) by providing direction and prioritizing investments.

Building an innovation-competent organization required the application of fundamental approaches to achieve evolutionary innovation:

1. Application of Innovation Ambition Matrix as a powerful collaboration framework. This will help our company decide how to analyze different growth initiatives.

2. Objective selection of the Organizational Model (Centralized, Decentralized, or Federated) that best fits our organization and culture.

While not one model fits our organization, an Organizational Model directs our company towards achieving both evolutionary and breakthrough innovations.

Innovation is about being fast, agile, lean, and adaptable. An appropriate model can establish the foundation of our company for a culture of collaboration and innovation success. Proper Product Innovation initiatives can lead to a well-considered organizational choice and successful competitive cultural shift.

This deck also includes slide templates for you to use in your own business presentations.

This presentation dives deep into the intricacies of Innovation Management, offering a comprehensive analysis of three distinct organizational models: Centralized, Decentralized, and Federated. Each model is dissected to reveal its unique advantages and potential pitfalls, providing actionable insights into how they can be leveraged to foster innovation within your organization. The PPT emphasizes the importance of selecting the right model based on your company's specific needs and culture, ensuring that innovation efforts are not only effective, but also sustainable in the long term.

The Innovation Ambition Matrix is another key feature of this deck, serving as a robust framework for categorizing and prioritizing innovation initiatives. By applying the 70-20-10 rule, your organization can strategically allocate resources to core, adjacent, and transformational innovations, driving growth and maintaining a competitive edge. This presentation is an invaluable resource for executives looking to implement a structured approach to innovation, complete with slide templates to facilitate internal presentations and discussions.

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Source: Best Practices in Innovation, Product Strategy PowerPoint Slides: Product Innovation Management PowerPoint (PPT) Presentation Slide Deck, LearnPPT Consulting