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Your Company is Not Innovative and Here's Why!!
Every company, not just innovative ones, build their cultural foundation positioned between the operational and entrepreneurial systems. The operational system is driven by budgets, strategic plans, and the formality of business disciplines with regulatory bodies, such as: FASB/IFRS for accounting & financial reporting, ISO 9001 for quality assurance, and PMBOK for project management. Similarly, the entrepreneurial system is buttressed by less formal disciplines, such as: cre
What Is INNOVATION STRATEGY and How Does It Work?
An organization’s strategy is critical to both its long-term and short-term sustainability. Its strategy outlines how it will accomplish its mission as well as progress towards the vision of its leadership. The organization’s strategy also supports how things will get done within the organization, specifically how innovation will be achieved. Having an innovation strategy is particularly valuable for organizations that want to approach innovation in a systematic way. STRATEG
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