The process of creating new ideas, products, or methods that provide value and improve upon existing solutions.

The assessment of a market to understand its dynamics, including size, trends, and competition, essential for informed decision-making.

An innovation that significantly alters or creates a new market, often displacing established products or services.

Small, gradual improvements made to existing products or services, enhancing their value without major changes.

The process of aligning an organization’s resources and actions with its strategic objectives to ensure coherence and effectiveness.

Quantifiable metrics used to evaluate the success of an organization in achieving its objectives.

A strategic planning tool that evaluates the Strengths, Weaknesses, Opportunities, and Threats related to a business.

The process of assigning available resources to various projects or business units to maximize efficiency and effectiveness.

Structured approaches that guide organizations in developing and implementing innovative strategies.

An analysis of the competitive environment in which a business operates, including key players and market dynamics.

The study of individuals or groups and the processes they use to select, secure, use, and dispose of products.

A well-defined plan that outlines specific steps and measures to achieve desired outcomes in innovation.

The ability to effectively communicate ideas and strategies to an audience, crucial for gaining stakeholder buy-in.

A practice scenario where participants present their strategies in a realistic boardroom setting, receiving feedback.

A comprehensive document detailing the performance indicators and results of innovation initiatives.

An ongoing effort to enhance products, services, or processes through incremental and breakthrough improvements.

An educational approach where individuals work together to achieve learning goals, sharing insights and feedback.

A process where outputs of a system are circled back as inputs, allowing for continuous improvement and adaptation.

A concise overview of a larger report or proposal, summarizing the main points for quick understanding.

The standard layout and design used in business documents to ensure clarity, readability, and professionalism.

The act of interacting with others to exchange information and develop professional or social contacts.

Specific, quantifiable measurements that provide insights into performance and guide decision-making.

Unmet needs or opportunities in the market that can be targeted for innovation and growth.

The ability to think critically and creatively about the future direction of an organization and its innovations.