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1 Idea Insights from GNPS

Driving Innovation through Strategy

Episode 15-29

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2 Idea Insights from GNPS

What is Strategy

• Encompasses mission, vision, value

• Introduces organizational change• Reach a desired future state• Decisions of investment• Short-, medium-, and long-term

• How does the company grow profitably

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3 Idea Insights from GNPS

Portfolio Management

• Tactical strategic alignment

• Dynamic selection of active projects

• Senior management determines:• Innovation culture• Proper allocation of resources• Ensures consistency

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4 Idea Insights from GNPS

Structured NPD Process

• Operational implementation of innovation strategy

• Advance each individual project• Mid-level management• Decisions align with goals

• Gate meetings• Review of prior work• Approve future project plans

www.globalnpsolutions.com/idea-incubator/

5 Idea Insights from GNPS

For More Information

• See the full post at the Idea Incubator Blog• www.globalnpsolutions.com/idea-incubator/• Free registration

• Contact me!• 1-281-280-8717• info@globalnpsolutions.com• 2323 Clear Lake City Blvd., #180-177 Houston, TX 77062

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