Innovation Strategies Need Targeted Focus

Innovation strategies and their associated projects leverage internal strengths and target areas of high impact. Identification of markets and customers helps bring focus to the desired product. And, fewer, smarter portfolio choices bring more resources to bear on the innovation challenges. ...

... "If companies seek to innovate sustainably over time, they need to understand who they focus on, what they should make, and how they actually conceive and develop new products and services. " ...

Via Fast Company: Innovation Strategy

Holistic Strategy Looks Beyond Competition to a Different Place

I like Oren's thoughts on differentiating your company from the competition with a visionary business strategy. I think the same applies to formulating an IT strategy --> asking yourself how will this IT strategy differentiate the enterprise in its market? ...

... "That's a given for corporate survival. But when an organization's strategy revolves around its competition, you can bet that the strategy will be more defensive and reactive than groundbreaking ... " ...

Via Oren Harari: Essence of Strategy