Strategy for Innovation: PMs in the Spotlight

Kevin Coleman is a highly skilled senior level project and program manager/advisor with experience leading projects with labor budgets ranging from a few hundred thousand dollars to multi-million dollar budgets across multiple industries.

  Estimating   Innovation   Strategy  

Innovation has risen in importance for modern organizations—so much so that the topic has become a routine discussion among board members. Most boards have recognized that technology is a critical driver of strategic change and transformations for organizations around the world.

Today, a multi-functional approach is being used that combines all the creative disciplines of an organization. Members are advised to work together on producing a groundbreaking innovative strategy for positioning the organization for the future and driving new business growth.

It is clear that this is essential for success in today’s complex and highly competitive business environment. Last year, the Harvard Business Review (HBR) published an article that suggested organizations need an innovation strategy. It points out that failures can often be attributed to the fact that the organization lacks an innovation strategy. In addition, a recent McKinsey reported stated that boards are spending more time on strategy and want to spend even more.

Today, we are experiencing a period of emerging technologies entering the global business environment that, when combined, become very disruptive. All these new and emerging technologies create issues and opportunities for virtually every organization. In fact, many have commented saying it is nearly impossible to have a conversation about …

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