Innovation Strategy Framework
🚀 Innovation Strategy Framework Checklist
1️⃣ Vision & Strategic Alignment
Define the innovation vision
Align with business goals
Gain executive sponsorship
2️⃣ Culture & Mindset
Promote a culture of experimentation
Encourage risk-taking and learning from failure
Reward innovative thinking
3️⃣ Ideation & Opportunity Discovery
Implement idea management systems
Host innovation workshops or hackathons
Use customer insights to identify problems
4️⃣ Evaluation & Prioritization
Score ideas based on feasibility, impact, and ROI
Create an innovation portfolio map
Use pilot programs for high-risk ideas
5️⃣ Execution & Scaling
Develop MVPs or prototypes
Test and validate with users
Scale validated solutions
6️⃣ Metrics & Continuous Improvement
Track innovation KPIs (time-to-market, ROI, idea volume)
Gather feedback and iterate
Celebrate and share success stories
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