Part 3/11:
Dissecting Innovation into Manageable Components
The presentation explores innovation as a multi-dimensional concept, best approached by breaking it down into smaller, manageable segments. Using a standard matrix, innovation can be classified along various axes such as diversification, product development, and penetration. Each segment requires specific skills, success criteria, and roles, underscoring that there's no one-size-fits-all approach.
This nuanced view teaches us that effective innovation rests on tailored strategies that align with particular business and market contexts, rather than a generic formula.