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Innovation Policy : An innovation policy provides guidance and direction for the innovation program, defining the types of innovation that will be pursued, how innovation projects will be prioritized, and how intellectual property will be managed. In any document, feedback and suggestions should be actively sought.
Prioritization : An innovation mandate helps to prioritize innovation initiatives and allocate resources accordingly, ensuring that the most promising projects are given the necessary support and funding. The innovation mandate should articulate the organization’s innovation policy and how it will be implemented.
For example, if your team is heavy on big-picture thinkers, include activities that focus on detailed action planning to complement their strategic visions. Conversely, if your team excels in operational details, encourage activities that stretch their strategicthinking.
The decision-making process is critical and should be approached with diligence and strategicthinking to find a speaker that will meet, if not exceed, your expectations. This involves careful collaboration, promotion, and technicalsupport.
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