Creating Strategic Impact - What Is Strategic and What Isn't?

Creating Strategic Impact - What Is Strategic and What Isn't?

Many businesses think that making tough decisions on cutting costs and saving their companies is not strategic, but it is. The misconception that strategic thinking only deals with long-term growth, innovation, and P&L issues needs to be corrected. Strategic thinking should be based on what matters to the organization's success, including core values, vision, brand, key audiences, and financial prospects. Immediate decisions, vital cost-cutting efforts, consolidation moves, staff leadership changes, periods with few options, and dark times all require strategic thinking.

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More Innovation Resources:

Co-creation with Customers: Liebherr Open Innovation Case Study

Learn how Liebherr successfully implemented a co-creation open innovation program with its customers to create new innovations.

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Building the Core Competencies for Innovation

Building core competencies for innovation requires a unifying framework, gaining alignment, working blueprint, business focus orientation, well-designed competencies, critical behaviors, motivators, and dependencies.

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Giving Shape to the Fuzzy Front End of Innovation

Innovation can be intimidating, but there are resources to help navigate it. Idea management software is beneficial, but it is important to establish a foundation of understanding innovation first.

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