article thumbnail

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, Apple refines its OGSM approach by : Adjusting product development strategies based on consumer trends. Analyze performance data to identify gaps.

Strategy 130
article thumbnail

5 Approaches to Business Innovation: Unleashing Your Company’s Potential

Qmarkets

Business innovation can manifest in various forms, from adopting cutting-edge technologies to developing entirely new business models. Crucially, innovation isn’t limited to product development; it can also involve reinventing business processes, revamping organizational structures, or even reshaping corporate culture.

Trends 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is innovation management and why your organization needs it

hackerearth

The focus area (new markets, new uses, the source of ideas, line extensions, product development, etc.) for a consumer-product company or a business-product one or the best practices for product development in low-tech and high-tech firms will be different. Culture/Country.

article thumbnail

What is innovation management and why your organization needs it

hackerearth

The focus area (new markets, new uses, the source of ideas, line extensions, product development, etc.) for a consumer-product company or a business-product one or the best practices for product development in low-tech and high-tech firms will be different. Culture/Country.

article thumbnail

Three Ways to Succeed by Breaking Convention

Harvard Business Review

Seems like strategic management 101, but oftentimes companies are unable to ask this question due to turf battles or leadership blind spots. They ask: Where are opportunities to introduce something totally unexpected in a market we already serve, with an offering we can deliver tomorrow with little additional investment?

article thumbnail

Should Marketing or R&D Have More Power?

Harvard Business Review

R&D and marketing typically come at product development from different angles, and R&D’s “things” approach is often at odds with marketing’s “people” focus. In companies where R&D is very powerful, marketers can sometimes be heard complaining about products that are hard to understand and use. Joseph’s University.

article thumbnail

Crowdsourcing ideas: sexy ideas get implemented

Norbert Bol

new product development) by an undefined, generally large group of people in the form of an open call. Crowdsourcing ideas: Involving ordinary users in the ideation phase of new product development. Through history, the engine of human progress and prosperity has been, and is, the mating of ideas. Literature. Chappin, M.