Conventional strategic management and innovation strategy

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Reference no: EM133847242

Task

This white paper analyzes the interplay between resources, strategic decision-making, and adaptability in fostering innovation. Write a 2-3 page report that addresses the following prompts:

Explain the differences between conventional strategic management and innovation strategy, using insights from Chapter 4 of Managing Innovation.

Identify a publicly traded company (not mentioned in the textbook and different from your Unit 1 white paper assignment) that has effectively leveraged tangible and intangible resources to support its innovation strategy. Discuss how these resources contributed to its competitive advantage. Provide specific examples. Get quick and affordable assignment help now!

Discuss the importance of dynamic capabilities in adapting to uncertainty and achieving long-term growth.

Address the problem faced by the company and provide the solution by developing a visual roadmap illustrating the three stages of innovation strategy: analysis, selection, implementation. Use the Design Tools in Word to create the visual and include it as part of your submission.

Analyze the example with supplemental research from the company's website (e.g., investor pages, annual reports, sustainability, or impact reports) and at least two external business sources.

Reference no: EM133847242

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