Page 22 - INNOVATION STRATEGY EXAMPLE

Appendix
Innovation Assessment Definitions
Internal collaboration – the ability for individuals and groups to connect and work together within an organisation
Innovation focus – innovation needs a strategy in its own right, including a vision, goals and metrics for implementation and evaluation
External collaboration – building and maintaining diverse networks and partnerships with outside suppliers, service providers, organisations and thought leaders
Technology – the use of technology to foster collaboration, engage with digital communities and take ideas to market through new channels
Stakeholder centricity – deep engagement and empathy with stakeholders
Culture – creating an organisational environment where separate ideas and perspectives can collide regularly
Organisational velocity – achieving exceptional levels of performance, multi-faceted improvement, speed of response and adaptability to change
Rewards & recognition – encouraging innovative behaviour through an active program of acknowledgement
Risk Appetite
Figure A
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