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Vadim Kotelnikov

Innovation Strategy

Choosing the right focus and innovation projects

Vadim Kotelnikov, founder of 1000ventures - personal logo VadiK

Inventor

Author

Founder

 

 

The Need for Innovation Strategy

The cost and time required to create a new product or service are so large than lack of a perfectly aligned and executed innovation strategy can be extremely wasteful.

 

Strategic Innovation

Radical Innovation

Disruptive Innovation

 

 

 

Innovation Strategy should be aligned with:

→ Company vision

→ Future technology, supplier, and manufacturing strategies

 

Strategic Intent

Strategic Alignment

Technology Strategy

 

 

 

You must create an innovation strategy that is aligned with not only your firm's vision, mission and values, but also with anticipated future breakthroughs.

Lack of alignment will increase risk and cost. If your firm's strategy and development process are not matched to each other and your organizational structure, you're in even deeper trouble.

  Strategic Project Management (SPM): InnoBall simulation game

 

 

Achieving the Right Balance Between Stretch and Strategic Fit

The first test for any innovation portfolio is achieving the right balance between stretch and strategic fit.

Ask yourself: How much does your portfolio push the industry frontiers, and how well does it fit with your business goals and strategy?

If you engage in hyperreactiveness thinking and continually react to the latest market or technological trend, rather than following a course until there is a significant reason to change, you’ll fail. The key to avoiding such short-term thinking is to maintain strategic alignment and test the assumptions that drive new products and service decisions as you make these choices.

 

Strategies of Market Leaders

Working On Your Business

10 Commandments of Innovation

Innovation Portfolio

Examples of Guiding Principles

AImpowerment

AI MAGic

AI Intelligence

AI Optimization

 

 

 

   

"Balance between revolutionary and evolutionary initiatives. First, Silicon Valley companies assess the overall balance between revolutionary and evolutionary projects. The ultimate arbitrator of portfolio stretch if the innovation leaders’ judgment, experience, intuition, and luck." ~ Christopher Meyer, the author of Relentless Growth

 

 

 

INNOVATION STRATEGY: Road-Mapping (Innovation Strategies)  

The goal of the road-mapping is to develop the innovation strategy - to choose and do the right things. Road-mapping leads to effective project portfolio development and management... More

 

Strategic Innovation

How To Select the Best Innovation Project to Invest in

 

   

"Jump to the next curve. Too many companies duke it out on the same curve... True innovation happens when a company jumps to the next curve – or better still, invents the next curve, so set your goals high." ~ Guy Kawasaki

 

 

 

Vadim Kotelnikov

To become a market leader, you must be fast. To be fast, you must make right strategic decisions quickly. To make right strategic decisions quickly, you must have weighted guiding principles (WGP).

Vadim Kotelnikov, founder of 1000ventures - personal logo VadiK

Inventor

Author

Founder

 

   

InnoBall Simulation Game

InnoBall (Innovation Brainball) serves as a success catalyst, aiding in the creation of radical innovations and significant business changes by enhancing strategies and helping users overcome challenges.

 

 

 

Vadim Kotelnikov, venturepreneur, innovation guru, great speaker

If you create something unseen before,
prepare to address challenges unmet earlier

~ Vadim Kotelnikov

 

InnoBall functions as a 3-in-1 tool designed to foster innopreneurial thinking, develop a stronger business case, bolster business models, reduce risks, and evaluate capabilities. It is particularly useful for charting a course toward the successful completion of breakthrough projects... More

 

 

Slides

 

Innovation Process A-Z/ 360

 

Notes