Strategic Innovation Framework

The Game Changer for Irish SMEs: A Framework for Strategic Innovation

What is it?

Strategic Innovation is the creation of growth strategies, new product categories, services or business models that change the game and generate significant new value for consumers, customers and the SME.

What’s the Problem?

Many SMEs want to “become more innovative” but don’t know where to start. While an obvious first thought is to introduce “creativity training”, the effects are usually short-lived. Return on investment is almost impossible to measure and there is little impact on the broad business consciousness. Frequently, the SMEs internal structures, policies and culture inhibit innovation.

Combining the Non-traditional with conventional Strategy Development

The Game Changer framework combines non-traditional, creative approaches to business innovation with conventional strategy development models. It brings together perspectives from a number of complementary disciplines: the non-traditional approaches to innovation found in the business creativity movement; traditional strategy consulting; the new product development perspective of industrial design firms; qualitative consumer/customer research; futures research found in think tanks and traditional scenario planning; and organizational development (OD) practices that examine the effectiveness of an organization’s culture, processes and structures.

The framework consists of a cohesive set of practices that inspire imaginative teams to look beyond the obvious, explore a broad range of possibilities, identify significant opportunities, make informed decisions about the most promising paths to pursue, create a shared vision for growth, define pragmatic action plans that “bridge from the future back to the present” and align the business around the requirements for success.

Strategic Innovation takes the road less traveled – it challenges an organization to look beyond its established business boundaries and mental models and to participate in an open-minded, creative exploration of the realm of possibilities.

The Strategic Innovation Framework (SIF) combines two seemingly paradoxical mindsets: expansive, visionary thinking that imaginatively explores long- term possibilities; and pragmatic, down-to-earth implementation activities that lead to short-term, measurable business impact.

The Seven Dimensions of Strategic Innovation

The strategic Innovation framework weaves together seven dimensions to produce a portfolio of outcomes that drive growth. These dimensions are:

  1. A Managed Innovation Process – Combining Non-Traditional and traditional Approaches to Business Strategy
  2. Strategic Alignment – Building Support
  3. Industry Foresight – Understanding Emerging Trends
  4. Consumer/Customer Insight – Understanding Articulated and Unarticulated Needs
  5. Core Technologies and Competencies – Leveraging and Extending Corporate Assets
  6. Organisational Readiness – The Ability to Take Action
  7. Disciplined Implementation – Managing the Path From Inspiration To Business Impact