Innovation Strategy

Develop realistic action plans for growth.

We are experts at helping organizations of all sizes launch new innovation programs for the first time, or optimize existing programs that are feeling stuck.  ​Together we’ll identify the best innovation plan for your business, and help you mitigate some of the most common challenges of corporate innovation. 

There is no such thing as a one-size-fits-all solution for corporate innovation.

That’s why ID8 invests the time upfront to truly understand your business model, team resources, decision making process, and strategic boundaries, so that we can guide you in the development of an innovation strategy that’s right for you.
There are various levers that can be pulled to activate an innovation function – and what works seamlessly at one company, may not work at another. Companies will often deploy multiple forms, at different times, with varying degrees of success.

Not sure which innovation lever to pull?

  • Departmental Innovation Team(s)
  • Shared Innovation Team
  • Corporate Innovation or R&D Lab
  • Corporate Venture Capital (CVC)
  • Startup Partnership Program
  • Accelerator or Incubator
  • Developer Engagement Programs

Innovate with Intent.

Strategy defines how innovation will contribute to the achievement of business objectives. It is the opposite of performing “random acts of innovation.” It means that your company has undertaken innovation with specific challenges in mind, and we are innovating with a purpose and plan.

What does the innovation team actually do and how do you measure success? Identifying how your team is different from the other core business groups, what rules you adhere to, and where you have the flexibility to challenge “how things have always been done” are all critical aspects of the innovation Charter. That’s why ID8 helps its client design (or refine) a governance model that creates internal alignment around the process of innovation.

Successful innovation teams are focused on a handful of strategic priorities at a time, and are designed to move from one priority to the next as they achieve their initial goals and as new priorities emerge. To develop effective solutions, large markets opportunities need to be broken down into concrete, addressable ‘challenge’ statements. ID8’s clients approach the Focus Area identification process deliberately and find themselves well positioned to obtain high-level support for key initiatives.

The innovation team is not designed to accomplish company wide growth in a silo. ID8 facilitates workshops and discovery exercises with executives and key stakeholders to help them articulate their vision about where they want to take the business, as well as what is preventing them from getting there today. This communication as the input for prioritizing Innovation Focus Areas, and allows an Innovation Team to be proactive in finding solutions and ideas that advance those goals.

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