Strategic innovation
Strategic innovation is like playing a fun game where you try to come up with new and cool ideas that can help your group, team or company grow and do better.
Let's say you and your friends have a lemonade stand business. You might come up with a strategic innovation idea that says instead of just selling lemonade, you can also sell cookies, brownies, and other snacks. That way, you can attract more customers and make more money. This is a good example of strategic innovation.
Strategic innovation can also be like creating a new invention or product that nobody else has made before. This can be really hard sometimes, but if you work hard and think outside the box, you can come up with something amazing!
One important thing to remember is that strategic innovation should always be done with a purpose. You should think about what your goals are and how innovation can help you reach them. For example, if your goal is to make your lemonade business the most popular in town, you might want to think about ways to make your lemonade taste better, or how you can market your business so that more people know about it.
Overall, strategic innovation is about being creative and finding new ways to do things better. It's like a fun puzzle game that you can play with your friends or colleagues, and it can help you achieve success in whatever you're trying to do.
Let's say you and your friends have a lemonade stand business. You might come up with a strategic innovation idea that says instead of just selling lemonade, you can also sell cookies, brownies, and other snacks. That way, you can attract more customers and make more money. This is a good example of strategic innovation.
Strategic innovation can also be like creating a new invention or product that nobody else has made before. This can be really hard sometimes, but if you work hard and think outside the box, you can come up with something amazing!
One important thing to remember is that strategic innovation should always be done with a purpose. You should think about what your goals are and how innovation can help you reach them. For example, if your goal is to make your lemonade business the most popular in town, you might want to think about ways to make your lemonade taste better, or how you can market your business so that more people know about it.
Overall, strategic innovation is about being creative and finding new ways to do things better. It's like a fun puzzle game that you can play with your friends or colleagues, and it can help you achieve success in whatever you're trying to do.