Innovation strategies are different from many business strategies, because of the difficulty of predicting the steps, time and impact of the innovation.
See Also
The Key Types of Innovation - CyprusInno4 examples of incremental innovation in action | YonderTopic: TeslaTesla Manufacturing and Innovation Advantage | NextBigFuture.comAn innovative strategy guides decisions on how resources are to be used to meet a business's objectives for innovation, deliver value and build competitive advantage.
Strategies should include:
- an analysis of a business's competitive and technological environment
- its external challenges and opportunities
- its distinctive advantages.
This guide describes how to approach the development of your innovation strategy.
- Last reviewed: 25 Jul 2019
- Last updated: 17 Jun 2016
- Print page
- Print topic
