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Innovation Strategy:
Key to development

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Innovation Strategy

Innovation is strongly linked to growth. New ideas create new business.

Innovation is key to a company’s long-lasting and sustainable development. It is central in building and deploying accelerated change in today’s global business environment.

While everyone agrees that innovation is crucial only 6% say that they are satisfied with the innovation results according to McKinsey.

Leading innovators experience growth, financial rewards and increased competitiveness. Permanent innovators offset crisis effects and continue to grow and innovate even more. (For more information on innovation in crisis see here ) However, it is not easy to innovate. Innovation is complex, risky and requires encouragement from all organizational levels. It requires that an organization dedicates its culture, practices and processes to it.

What is Innovation Strategy?

Innovation Strategy is a company’s commitment to constantly endeavor creating new solutions throughout the whole company in order to secure long-lasting growth.

Therefore, Innovation Strategy is closely interlinked with corporate strategy. Innovators are risk takers; they take an idea into deployment not knowing whether they will succeed. Having capacity to innovate on continues basis, learning from previous attempts, build on that knowledge, and constantly improve means having a good innovation strategy well carried out and aligned with corporate strategy.

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Our approach to
inonovation strategy creation

When creating innovation strategy with a client, we look both inside and outside
to a client’s organization in order to tailor the most suitable innovation strategy.
We will see what fits you best by discussing and answering these five steps:

1

What is your
winning
inspiration?

2

Where do
you plan
to play?

3

How do
you aim
to win?

4

What capabilities
do you need
in place?

5

What management
systems & innovation
process are required?

Need help to innovate successfully?

We work with you to help you build environment that encourages innovation.

Feel free to make a contact with us in order to discuss your innovation  challenges and how to approach them.

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Question
We ask

When creating your innovation strategy, we start with mapping the as is status and then we challenge you on what is your desired state. We focus on your innovation ambition. What is that you want in the long run, what you wish to focus on?

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Transformation of the company in the process

When creating your innovation strategy, we start with mapping the as is status and then we challenge you on what is your desired state. We focus on your innovation ambition. What is that you want in the long run, what you wish to focus on?

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Who we are
and what we do?

Our experts have successful experience with innovation, and we work closely and dedicated with you to tailor the best strategy for your innovation and to build environment that encourages innovation.

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We help you remove innovation obstacles and enhance innovation enablers.

Contact Informations

Råtun 66
5239 Rådal
Norge/Norway

+47 98411334
vinco@vinco.no