Strategic innovation is the process of redesigning an organisation’s strategy to grow the business, generating value for the company and its customers, and creating competitive advantage. As technology continues to drive change, strategic innovation is crucial for companies to adapt and remain relevant amidst competitive market places.
Today we share with you, three books that are must-reads when the topic is “strategic innovation”.
1- The Connected Company
by Dave Gray (with Thomas Vander Wal)
“The future of work is already here.
Customers are adopting disruptive technologies faster than your company can adapt. When your customers are delighted, they can amplify your message in ways that were never before possible. But when your company’s performance runs short of what you’ve promised, customers can seize control of your brand message, spreading their disappointment and frustration faster than you can keep up.
To keep pace with today’s connected customers, your company must become a connected company. That means deeply engaging with workers, partners, and customers, changing how work is done, how you measure success, and how performance is rewarded. It requires a new way of thinking about your company: less like a machine to be controlled, and more like a complex, dynamic system that can learn and adapt over time.
Connected companies have the advantage, because they learn and move faster than their competitors. While others work in isolation, they link into rich networks of possibility and expand their influence.
Connected companies around the world are aggressively acquiring customers and disrupting the competition. In The Connected Company, we examine what they’re doing, how they’re doing it, and why it works. And we show you how your company can use the same principles to adapt—and thrive—in today’s ever-changing global marketplace.” (source: Booktopia)
2- Ten Types of Innovation: The Discipline of Building Breakthroughs
by Larry Keeley (with Helen Walters, Ryan Pikkel & Brian Quinn)
“Innovation principles to bring about meaningful and sustainable growth in your organization.
Using a list of more than 2,000 successful innovations, including Cirque du Soleil, early IBM mainframes, the Ford Model-T, and many more, the authors applied a proprietary algorithm and determined ten meaningful groupings—the Ten Types of Innovation—that provided insight into innovation. The Ten Types of Innovation explores these insights to diagnose patterns of innovation within industries, to identify innovation opportunities, and to evaluate how firms are performing against competitors. The framework has proven to be one of the most enduring and useful ways to start thinking about transformation.
The Ten Types of Innovation concept has influenced thousands of executives and companies around the world since its discovery in 1998. The Ten Types of Innovation is the first book explaining how to implement it.” (source: Booktopia)
You can also learn more about the “Ten Types of Innovation” by watching Larry Keeley’s talk at South Africa’s Singularity University Summits:
3- Design Thinking for Strategic Innovation: What They Can’t Teach You at Business or Design School
by Larry Keeley (with Helen Walters, Ryan Pikkel & Brian Quinn)
“A comprehensive playbook for applied design thinking in business and management, complete with concepts and toolkits
As many companies have lost confidence in the traditional ways of running a business, design thinking has entered the mix. Design Thinking for Strategic Innovation presents a framework for design thinking that is relevant to business management, marketing, and design strategies and also provides a toolkit to apply concepts for immediate use in everyday work. It explains how design thinking can bring about creative solutions to solve complex business problems. Organized into five sections, this book provides an introduction to the values and applications of design thinking, explains design thinking approaches for eight key challenges that most businesses face, and offers an application framework for these business challenges through exercises, activities, and resources.
An essential guide for any business seeking to use design thinking as a problem-solving tool as well as a business method to transform companies and cultures The framework is based on work developed by the author for an executive program in Design Thinking taught in Harvard Graduate School of Design Author Idris Mootee is a management guru and a leading expert on applied design thinking Revolutionize your approach to solving your business’s greatest challenges through the power of Design Thinking for Strategic Innovation.” (source: Goodreads)
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