Innovation
What is it?
"Strategic Innovation is the creation of growth strategies, new product categories, services or business models that change the market and generate significant new value for consumers, customers and the organization. The innovation process challenges an organization to look beyond its’ established business boundaries and mental models and to participate in an open-minded, creative exploration of the realm of possibilities."
Palmer and Kaplan
For more information refer to:
- A Framework for Strategic Innovation by Palmer and Kaplan
- Enhancing Your Strategic Innovation Efforts by Duncan Jones (me! - see below)
"Strategic Innovation is the creation of growth strategies, new product categories, services or business models that change the market and generate significant new value for consumers, customers and the organization. The innovation process challenges an organization to look beyond its’ established business boundaries and mental models and to participate in an open-minded, creative exploration of the realm of possibilities."
Palmer and Kaplan
For more information refer to:
- A Framework for Strategic Innovation by Palmer and Kaplan
- Enhancing Your Strategic Innovation Efforts by Duncan Jones (me! - see below)
Intrapreneurship
What is it?
Intrapreneurship is the process by which employees act entrepreneurially inside an established organization to turn promising ideas into valuable products, services, processes, or business models that improve growth, competitiveness, and long-term performance.
