21 min listen
Ep #139 - Why you need an innovation strategy
Ep #139 - Why you need an innovation strategy
ratings:
Length:
11 minutes
Released:
Jun 10, 2024
Format:
Podcast episode
Description
In this episode, Tracey Newman and Dan Bentley discuss how developing an innovation strategy can help organisations tie together different elements to achieve their mission in a clear, measurable way. It also emphasises the importance of collaborating with clients and stakeholders to create a strategy that will effectively deliver social impact.Here is a taste of what Tracey and Dan cover in the conversation:Developing an innovation strategy to achieve a mission through various initiatives and elements.Mission should be ambitious but achievable through innovation. Mission without strategy can be overwhelming, but with a plan, it's achievable.Innovation strategy, focusing on bridging the gap between current state and desired outcome.Emphasise the importance of logic, program logic, theory of change, and different perspectives in achieving the desired goal.Creating a strategy for social impact using a theory of change framework.Importance of having a clear strategy for achieving a mission, including identifying key indicators and outcomes.Emphasise the need to measure progress and adjust the strategy as needed to ensure alignment with the desired outcomes.Collaboration with clients and stakeholders is crucial for effective innovation.Tying innovation efforts to a clear mission goal is essential for impact.Links from the episode:The Impacto Consulting website: Click hereImpacto Consulting on LinkedIn: Click here
Released:
Jun 10, 2024
Format:
Podcast episode
Titles in the series (100)
How an innovation budget can make you feel more comfortable to take risks by Innovate for Impact