Business Strategy

Chronic Problem #1 – Lack of a Strategy

Chronic Problem #1 – Lack of a Strategy

Business strategies are often communicated with a liberal dose of the word innovation and a clear statement of organic growth goals. What is just as often left unsaid is how much of that growth is intended to come from innovation and what form innovations needs to take. The lack of a clearly articulated innovation strategy is a chronic problem across organizations in every industry.

Responsibility #3 – Formulate Strategy

Responsibility #3 – Formulate Strategy

The Chief Innovation Officer has a multifaceted set of responsibilities that require an array of skills. Improved business results is the goal and being able to measure those results is important to gauge effectiveness, but we also need to define the company’s destination by formulating and communicating an innovation strategy.