Innovate for Impact

Ep #139 - Why you need an innovation strategy

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Episode notes

In this episode, Tracey Newman and Dan Bentley discuss how developing an innovation strategy can help organisations tie together different elements to achieve their mission in a clear, measurable way. It also emphasises the importance of collaborating with clients and stakeholders to create a strategy that will effectively deliver social impact.

Here is a taste of what Tracey and Dan cover in the conversation:

  • Developing an innovation strategy to achieve a mission through various initiatives and elements.
  • Mission should be ambitious but achievable through innovation.
  •  Mission without strategy can be overwhelming, but with a plan, it's achievable.
  • Innovation strategy, focusing on bridging the gap between current state and desired outcome.
  • Emphasise the importance of logic, program logic, theory of change, and different perspectives in achieving the desired goal.
  • Creating a strategy for social impact using a theory of change framework.
  • Importance of having a clear strategy for achieving a mission, including identifying key indicators and outcomes.
  • Emphasise the need to measure progress and adjust the strategy as needed to ensure alignment with the desired outcomes.
  • Collaboration with clients and stakeholders is crucial for effective innovation.
  • Tying innovation efforts to a clear mission goal is essential for impact.

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