Topic 8 DQ 1

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Business Finance

Description

Discuss the innovation strategies you feel would provide sustainable change and organizational success. Provide specific examples.

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Running head: INNOVATION STRATEGIES IMPLEMENTED BY SUCCESSFUL
ORGANIZATIONS

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Innovation Strategies Implemented by Successful Organizations
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INNOVATION STRATEGIES IMPLEMENTED BY SUCCESSFUL COMPANIES

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Innovation Strategies Implemented by Successful Organizations

Innovation is a method of developing or structuring new ideas that are preferably
expected to boost sustainable competitive advantage in a company. Different firms implement
different innovation strategies depending on the type of business. However, the ideal forms of
innovation strategies provide a foundation for the evolvement of the organizational innovation
strategy. The different types of innovation strategies applied by successful companies are;
proactive, innovative strategy and active, innovative strateg...


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