Growing Your Organization's Innovation Capability

An innovation strategy is the foundation of a proactive innovation system. It clarifies the innovation objectives and the area of focus for the next three to five years. An innovation management system comprises five (5) components that group all critical processes required for effective innovation management. An innovation strategy has three (3) components that make it impactful and actionable.  

The traditional development approach usually requires market research and a business case to justify any investment or development effort. Unfortunately, the business case is often a static document, while the market keeps evolving from when the market study is completed until the innovation is launched. Learn how to proceed by using the Lean Startup Approach.

Explore InnoLead’s report, ‘Creating New Value in Large Organizations,’ sponsored by KPMG. Dive into insights from top companies like Amazon and Microsoft on leveraging AI, fostering collaboration, and building adaptive corporate cultures to drive innovation and long-term growth in 2024.

For 85% of projects, a proactive, early start yields better results, minimizing risks and costs while preserving employee well-being. Rushing, often seen as necessary only when faced with immediate competitive threats, can compromise both the process and the outcomes.

Explore how proactive innovation management via product lifecycle stages can ensure a seamless transition and sustained market relevance, by starting projects during the late maturity phase.