Photo:Â Alesia Kazantceva / Unsplash.
Although the academic literature attributes such sustained growth to innovative approaches for inducing transformative change, very few studies have attempted to address the five main components of strategic innovation management (strategic planning, business model innovation, marketing management, product innovation, and financial planning) within a single research framework.
Building on insights from a systematic review of strategy and innovation management literature, this paper seeks to fill this important gap in the literature by introducing a decision-analytic framework for road mapping a go-to-market innovation strategy, comprising of well tightly integrated elements of strategy, business model innovation, marketing management, product innovation, and financial planning that mutually support each other as a system. The framework and its corresponding road mapping process create powerful alignment mechanisms to systematically map and analyse the underlying processes driving business performance and develop game-changing business plans to reshape industries, transform value chains, and drive spectacular growth and profitability.
SEI's Anderson Kehbila presents an innovation strategy to help transformational entrepreneurs and social enterprises drive and sustain growth and profitability.
