A 5-Step Innovation Strategy Formula

Want a quick innovation strategy formula you can easily commit to memory?

A 5-Step Innovation Strategy Formula

Here's a five-step innovation strategy formula that fits the bill:.

Step 1. Try lots of stuff.

Step 2. See what works.

Step 3. Heavy up on stuff that works quickly.

Step 4. Quickly kill stuff that doesn't work.

Step 5. Revel and repeat.

Say it three times, and you'll have it in memory. Follow this five-step innovation strategy formula, especially if you're in an environment that's resistant to change, and you'll soon start reaping the benefits of greater innovation success.

Need more help leading your team's innovation strategy for new product ideas?

Do you need to take better advantage of your brand's customer inputs and market insights to generate innovative product ideas?

With the right combination of perspectives from outside your organization and productive strategic thinking exercises, you can ideate, prioritize, and develop your best innovative growth ideas. Download this free, concise ebook to:

• Identify your organization’s innovation profile
• Learn and rapidly deploy effective strategic thinking exercises to spur innovation
• Incorporate crowd sourced perspectives into your innovation strategy in smart ways

Download this FREE ebook to turn ideas into actionable innovation strategies to drive your organization’s growth.