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Tools for Strategy

Strategy Tools

Strategy tools can help structure your business or solution thinking and guide organisations as they grow and accomplish their missions. 

Strategic Direction
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‘Strategic Direction’ is one of the eight principles of Innovation Management (IS0 56002: 2019). Strategic direction involves setting a clear vision and objectives for innovation activities within an organisation. It ensures that all innovation efforts are aligned with the organisation's overall goals and strategic priorities. This principle is crucial for maintaining focus, coherence, and efficiency in the innovation process. This particularly links to the Innovation Portfolio of an organisation, and the different types and balance of innovation strategies they wish to pursue – whether incremental, innovative step or radical.

 

Data captured and analysed using the above tools (and any other sources of research) can be saved as ‘evidence’ linked to a specific Need Statement. The quality and quantity of evidence collected should enhance your confidence in the identified opportunity.

External Resource:

Harvard Business Review. A New Approach to Strategic Innovation - A New Approach to Strategic Innovation (hbr.org)

Porters 5 Forces

Analysing the external environment is important, learn about how to use Porters Five forces here

Business Model Canvas

What does a business model that delivers value look like, learn more about using the tool here

Value Proposition

Being clear about what your value proposition is vital, learn more about using the tool here

IDEO Model

The IDEO model sets out the creative tensions at the heart of design innovation, learn how to use it here

Porter Value Chain

Use the Value Chain to understandhow value is created and where your need fits

Resource Based Review

An ability to conduct an internal analysis of resources and capabilities will help to assess strategic alignment: learn more 

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