Organizational Transformation through Strategic Innovation
Strategic innovation, the umbrella term for radical innovation, is a key driver of organizational transformation and culture change. A systematic approach for scoping emerging opportunities and reducing uncertainty is required to enable this transformation. The purpose of this presentation will be to make the case for why strategic innovation changes the game for organizations seeking growth and corporate renewal. It will also present what the building blocks and seven principles are for building an innovative organization. These building blocks, of three competency areas (Discovery, Incubation and Acceleration) and four uncertainty categories (Technical, Market or Mission, Resource and Organization), are key findings from Rensselaer Polytechnic Institute’s (RPI’s) 25-year, pioneering research program.