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Using and Exploiting your Strategy and Innovation for Collaborative Open Innovation Opportunities and Sustainable Growth Professor James Cunningham.

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Presentation on theme: "Using and Exploiting your Strategy and Innovation for Collaborative Open Innovation Opportunities and Sustainable Growth Professor James Cunningham."— Presentation transcript:

1 Using and Exploiting your Strategy and Innovation for Collaborative Open Innovation Opportunities and Sustainable Growth Professor James Cunningham Newcastle Business School United Kingdom jcstrategy

2 Fundamental Drivers of Change
Likely Impact Response

3 Your Strategic Leadership
Rank 0 to 10 Rationale Passion Ambition Persistence Success Your Measure Your Timeline Personal Organisational Career Horizons Scanning Managing Horizon 1 Horizon 2

4 Fundamental Questions for Your Business
Why should anyone continue to buy from your business? …. What is unique about your value proposition? How sustainable is your current value proposition? What are the economic returns and how sustainable are these returns?

5 The Postcard

6 Strategic management challenge Key question
Orientation challenge Who we are and where do we compete? Trade-off challenge How do we compete? Relevance challenge What is our value proposition? And for whom? Continuous change challenge How do we adapt? Adapted from James Cunningham and Brian Harney (2012) Strategy and Strategists, Oxford University Press

7 Innovation and Implementation
Your Strategy Culture and Management

8 Innovation Dilemmas & Strategy
Technology Push or Market Pull Type of Innovation to Pursue Product Process Service Network Open or Closed Innovation Technological or Business Model

9 Innovation Leader or Follower
Innovation Leader or Follower What is required in your competitive setting? Innovation Leader Innovation Follower

10 Disruptive Innovation
Disruption Methods Competitive Impacts Competitive Reactions

11 Being Innovative What do you need to do? Organisational Culture
Organisational Structure Organisational Processes Mindset

12 Role of the Manager Coach Facilitator Champion Boundary Spanner

13 Some Reflective Questions
What is purpose of innovation in your organisation? What does innovation do for your organisation? enhance your market value proposition further develop uniqueness and differentiation in the market place enhance economic returns and mitigate against risks create the capabilities and capacities for market making and dominance

14 Collaborative Opportunities for Sustainable Growth
Opportunity Strategic Rationale Resources Impact

15 Testing your strategy? Will your strategy beat the market?
Does your strategy tap a true source of advantage? Is your strategy granular about where to compete? Does your strategy put you ahead of trends? Does your strategy rest on privileged insights? Does you strategy embrace uncertainty? Does your strategy balance commitments and flexibility? Is your strategy contaminated by bias? Is there conviction to act on you strategy? Have you translated you strategy into an action plan? Testing your strategy? Bradley (et al, 2011)


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