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Innovations linkages to Strategy is vitally important

Paul Hobcraft

as a conversation between us, where we emphasise the important linkage between innovation and strategy. Our first conversation called the Fundamental building blocks for innovation success (13 minutes), links here , introduces the series and the areas of our focus. Achieving innovation alignment always needs clear framing.

Strategy 312
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Turn Ideas Into Outcomes: A Framework for Maturing Your Innovation Portfolio

Innov8rs

Innov8rs | Innovation activity is at an all-time high. Eventually, you need to identify which solutions best fit your business needs. Eventually, you need to identify which solutions best fit your business needs. To maximize your innovation performance, you need more than just idea volume. But what happens next?

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Ambidextrous organisations: Where innovation should sit in an organisation

Idea to Value

Where should innovation resources actually exist in an organisation? It might seem like a straightforward question, but it is fundamental to whether a company will end up succeeding at innovation or failing. After all, if innovation is so important, should it not get its own department? Companies that survive do both.

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Digital Transformations Are Crucial to Optimizing Innovation Value

Planview

Speed in delivering high-value innovations is a critical differentiator that can make or break companies. According to a Boston Consulting Group report, companies prioritizing innovation—arriving first to market with new and relevant ideas—outperform the MSCI World Index on shareholder return by 3.3 percentage points per year.

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Measuring Innovation Performance

Why do only a third of the organizations worldwide have formal innovation metrics in place despite accepting that innovation is critical to survival? Download this eBook to learn about the 5 basic principles that guide every successful innovation process.

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Top 5: How to plan your 2023 innovation activities and events for maximum success

Idea to Value

This is especially true for venture and innovation teams, who let’s face it, many of whom had a very tough 2022. With the global economy stalling and fear of an upcoming recession, many companies have significantly slowed their investments into new innovation teams. Ensure everyone in the organisation still feels creative.

How To 278
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Using a “budget pool” to reduce the cost of innovation

Idea to Value

We have previously spoken about the value of using an innovation pipeline as part of of your innovation strategy. This is where an innovation budget pool comes in. However, innovation projects are almost impossible to plan in the same manner. But how do you actually reduce the costs of the projects in the first place?