Chapter

Strategy

christian bason

in Leading public sector innovation

Published by Policy Press

Published in print October 2010 | ISBN: 9781847426345
Published online March 2012 | e-ISBN: 9781447302681 | DOI: http://dx.doi.org/10.1332/policypress/9781847426345.003.0004
Strategy

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Strategy is the tool that defines an organisation's objectives and the means to reach them, giving managers and staff direction in their work. It plays a key role in bridging the top-level political and contextual circumstances with the specific objectives and means to achieve them in the organisation. The two ways in looking at innovation and strategy together is through innovation strategy and strategic innovation. An innovation strategy is essentially a strategy for how an organisation wants to work with innovation. Strategic innovation has to do with what the organisation chooses to do in pursuit of its objectives. Diagnosis, gap analysis, and building an innovation portfolio are three steps that are helpful in picking the strategic priorities that need to be addressed.

Keywords: strategy; innovation; innovation strategy; strategic innovation; gap analysis; innovation portfolio

Chapter.  5069 words.  Illustrated.

Subjects: Organizations

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