Innovation strategies are increasingly coming into the focus of decision-makers. The strategic portfolio must be adopted and ways must be found quickly to drive the execution of the new streams. New business models are waiting to be explroed in order to nurture digital innovation and drive customer engagement.
Execute Your Innovation Strategy
The well-laid plans organizations had were quickly made irrelevant.
Being adaptive and responding quickly to change is the key to navigating this disruption. The focus of business strategy has been shifted away from some ideal future state and the roadmaps to get there, toward architecting the organization to be adaptive — innovation has become strategy. (Gartner 2020)
The implementation of innovation is fundamentally different from the operation of the incumbent. New ways of working set a new pace to methodically reduce uncertainty in data-driven and customer-centric iterative steps. The new mode becomes additionally challenging by the “new normal”, which is predominantly characterized by remote interactions with customers and partners. Learn more about the core areas of innovation as a strategy within this Gartner report (download below).
While the related areas of innovation as a strategy are often known today, the realization and management of the execution of established functions remains a challenge; the new pace and focus places demands on the existing strategy execution management, portfolio management, demand management, delivery, operation, resource management, EAM, and financial management. Arrange a Bee4IT demo with us if you are interested in seeing how innovation strategies can be managed and executed holistically.
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Learn more about the core areas of innovation as a strategy within this Gartner report* (download below).
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Arrange a Bee4IT demo with us if you are interested in seeing how innovation strategies can be managed and executed holistically.
*Gartner, 2020 Hype Cycle Special Report: Innovation as Strategy, 11 September 2020, Marcus Blosch This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from [insert client name or reprint URL]. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.