We define an innovation strategy as ...
“The plan of action that determines the type and magnitude of
innovation activity that the organization must undertake to meet its
strategic and operational objectives.
The innovation strategy links technology and product strategies to the corporate strategy.
It is shaped by the organization’s dynamically changing knowledge and
skill sets embedded within the organization’s core competencies.”
Read on to discover how a core competence strategy is an essential
element of a productive innovation strategy.
Throughout our knowledge portal, we make reference to important sources
of knowledge literature indicated by the symbol [x]. These references are listed in
our "Knowledge References" section.
