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Build Innovation into Your Strategy
Build Innovation into your Strategy Genius is 1% inspiration and 99% perspiration. Thomas Edison Abstract Innovation can include both paradigm-busting breakthroughs and incremental improvements in existing products or services. In either case, an organization can articulate, align, and communicate how Innovation fits into its overall Strategy through the use of an integrated strategic planning and performance management system featuring a Strategy map and balanced scorecard. This ensures that Innovation efforts are given the right focus and support, and that Innovation truly becomes integrated with the rest of the organization's activities. Why Innovate? By Dan Montgomery Every organization, whether a business, non-profit, or government Senior Associate agency, must innovate. The need to innovate is a well-documented Balanced Scorecard Institute factor in private industries, such as technology, consumer goods and services.
2000 Regency Parkway Street, Suite 425 . Cary, North Carolina 27518 USA . Phone: 919.460.8180 . www.balancedscorecard.org Build Innovation into Your Strategy
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