Disruptive and radical innovation differ in their approach to creating market-changing concepts. Asian companies like Stashaway and Huawei provide examples of each type of innovation.
Strategic drift is an unintentional deviation from the agreed-upon direction, which can lead to missed opportunities and falling behind competitors. To prevent it, organizations need to continuously communicate a shared strategic vision, empower localized decision making, and promote alignment through OKRs and work visualization.
Innovation must become a constant and rapid learning approach, with testing to learn as the new innovation mantra.Innovation processes need to be redesigned to be more dynamic, iterative and fluid in response to emerging opportunities to keep pace with digital transformation.
