Innovation Strategy -- 6 building blocks

Question 1

6 building blocks of innovation strategy

Answer 1

1. reflect on the main drivers for disruption
2. assess your innovation readiness
3. define your innovation North Star & targets
4. Assign your innovation themes that result from your innovation ambition
5. Understand your innovation enables you need to develop your innovation power
6. create an innovation roadmap which fuels the innovation agenda

Question 2

Step 1

Answer 2

1. reflect on the main drivers for disruption

a. Main disruptive force impacting – trends, tech drivers, fulfillment of customer needs?

Question 3

step 2

Answer 3

2. assess your innovation readiness

a. Current innovation of org, & key development area?

Question 4

step 3

Answer 4

3. define your innovation North Star & targets

a. Specific ambition for innovation, contribution to overall mission & ambition?

Question 5

Step 4

Answer 5

4. Assign your innovation themes that result from your innovation ambition

a. Key themes of focus, theme logically link to company strategy & disruptive forces have 3-5 yr horizon
b. Goal for each theme (3-5 yrs) – SMART terms & guidance for ideation/portfolio management

Question 6

step 5

Answer 6

5. Understand your innovation enables you need to develop your innovation power

a. How will you strengthen innovation power, – governance, portfolio management, culture, leadership

Question 7

step 6

Answer 7

6. create an innovation roadmap which fuels the innovation agenda

a. Projects executed within each innovation theme to realize ambition? – top 3 proj. in canva, others in complete roadmap