A good strategy is an innovative strategy. Without the flexibility provided by innovation, your strategy will grow stale and stagnant—and your organization will soon follow. In my most recent book, Optimizing Strategy for Results: A Structured Approach to Make Your Business Come Alive, my co-authors Ron Price, Professor Tim Waema, and I outline seven stages…
90 Seconds of Innovation Podcast · How Do Innovation and Strategy Work Together? Is your organizing growing, or becoming irrelevant? Dr. Evans Baiya argues that innovation and strategy must work together to create value for customers. Episode Transcript: Have you ever thought about how many companies die every year with beautifully made strategic plans?…
Which comes first, innovation or strategy? And how exactly should they work together? Dr. Evans Baiya explains. Video Transcript: Innovation. Strategy. What comes before what? Chicken/egg discussion that you always hear within an organization. We always say strategy is about the how. Innovation is the what. Strategy doesn’t—you don’t sell strategy. You sell innovation. But how you…
You cannot have an effective strategy without innovation and you cannot have useful innovation without creating the structure that comes with strategy. You need both! Video Transcript: Should your strategy include innovation? Yes, yes, and as many yeses as possible. Because, again, you are not developing or executing strategy without a goal. The goal is…
When you don’t have a clear view of where you’re going and you just focus on the steps you’re taking today, those steps can lead you to a cliff without seeing the curve. As part of our series called “5 Things I Wish Someone Told Me Before I Began Leading My Company” I had the…
A Q&A with Dr. Evans Baiya What does innovation have to do with strategy? Think of it this way: what does gasoline have to do with a car? Cars come in different sizes, shapes, and types, but they all need energy to function. In business terms, your strategy is the car. So, what really powers…
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