A Learning Strategy
Always be testing.
Innovation strategy is not set in stone—it needs to be continuously tested in the real world. There are manifold benefits to such approach, including faster time-to-learning, adaptability in uncertain environments, and reduced risk.
Dan Toma recently wrote about adopting an experimental approach to strategy in four steps. First break down strategic direction into assumptions and hypotheses. Then run minimum viable experiments to test them. Ensure feedback loops are in place throughout the governance processes. Finally, update the strategy based on the learning.
Interested in learning more about how to formulate your innovation strategy and structure an efficient governance system? Then I recommend two quickstart guides I wrote for busy professionals:
Bruno Pešec
Bruno Pešec
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