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What is Technology Innovation? Definition, Examples and Strategic Management

IdeaScale

What is Technology Innovation? Technology innovation is defined as the creation and application of new or improved technologies, tools, systems, and processes that bring about significant advancements or breakthroughs in various fields.

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Balanced Scorecard Template for Business Strategy

Leapfrogging

Balanced Scorecard: A Practical Guide for Strategy Projects The Balanced Scorecard (BSC) is a strategic management framework that helps organizations translate their vision and strategy into measurable performance objectives across multiple perspectives. Supports innovation and learning Encourages continuous employee development.

Strategy 130
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Technology Life Cycle Template

Leapfrogging

Understanding this cycle helps businesses time investments, plan for obsolescence, and develop new innovations to stay ahead. In an era where technology is constantly evolving, businesses must stay proactive in managing their technological assets. Set innovation benchmarks to ensure ongoing technological advancement.

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Objectives & Key Results Template for Business Strategy

Leapfrogging

For example, Google has used OKRs since its early days , helping it scale rapidly by focusing on measurable innovation, product growth, and operational excellence. Challenging but achievable Encourages innovation and excellence. Encourage focus, transparency, and accountability. Improve agility by enabling regular goal adjustments.

Strategy 130
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An Easy Guide For Businesses to Master Innovation Portfolio Management

innosabi Innovation Insights

To stay ahead of the curve, you need a smart strategy for managing your innovation projects. And that’s where innovation portfolio management comes in. By strategically managing a diverse range of innovation initiatives, businesses can maximize their impact and ensure sustainable growth.

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OGSM Strategy Framework Template for Business Strategy

Leapfrogging

OGSM Strategy Framework in Strategy OGSM is widely used in strategic management because it translates high-level strategy into clear, measurable actions. For example, Coca-Cola has used OGSM to streamline its global marketing and expansion strategies , aligning corporate goals with local market execution.

Strategy 130
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Integrating corporate sustainability in strategic management

Norbert Bol

Based on a literature review of 114 peer-reviewed scientific journal articles it shows that sustainability is an important topic for managers but they just rarely consider it in strategic management. Many companies therefore still lack a strategic approach to integrating corporate sustainability into strategy. Literature.