How to Balance Sustaining and Strategic Innovation

Inovo Group’s managing partners Larry Schmitt and Steve Schwartz recently hosted a live Master Class in association with Innovation Leader. The Master Class took place on April 18. The topic of discussion was How to Balance Sustaining & Strategic Innovation.

If you and your team would like to know more about how your innovation system can support both sustaining and strategic innovation, then this Master Class presentation should be helpful to you. The webinar recording is available at Innovation Leader’s website (view here).

Here are the key takeaways :

  • An understanding of what causes the tension between exploitation (running a business efficiently) and exploration (finding new businesses)
  • What it takes to create an effective partnership between the Corporate Innovation Group (CIG) and the Business Units
  • How to spot the different types of opportunities along the sustaining–strategic continuum and why it matters

This presentation is helpful to anyone involved in managing the tension between transformational and sustaining innovation. It addresses both the principles and the day-to-day practice in a systematic way.

If you have any questions about The Inovo Group’s work or this Master Class, feel free to send us an email or fill out the “Let’s Talk About Innovation” form!

Here’s the slide show from the Master Class on How to Balance Sustaining & Strategic Innovation

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