Strategy needs innovation. Innovation needs strategy
Companies are increasingly confronted with an uncertain, complex, and dynamic business environment. To be successful in the long term, they must continuously adapt to the rapid changes in the environment.
To make this possible, strategic innovation units can continuously develop new competitive advantages for the company. For this purpose, they must systematically develop innovations with a clear strategic contribution instead of innovating "on the greenfield“.
For more than 10 years, venture.idea has been working on the challenge of how innovation units can help established companies to remain innovative and successful over time. The answer lies in the specifically developed Innovation Capability Check, based on the practical experiences and joint research & education with the HHL Leipzig Graduate School of Management and the SGMI Management Institute St. Gallen.
The Innovation Capability Check allows to determine the status quo of the existing organizational capabilities from innovation units for the strategic renewal of their parent company. The resulting recommendations for action then offer the possibility to establish and apply the required dynamic capabilities for strategic innovation through targeted measures in the most important organizational levers of the innovation unit.
