Minimum Innovation Strategy Canvas
This is a more advanced version of Innovation Strategy, built on Cisco’s famous 5-point strategy – buy, build, partner, invest, develop. The MIS Canvas helps companies move away from innovation efforts that are too internally focused, and allows you to build a one-page, easy-to-understand, high-level innovation strategy.
Minimum Innovation Strategy Canvas
This is a more advanced version of Innovation Strategy, built on Cisco’s famous 5-point strategy – buy, build, partner, invest, develop. The MIS Canvas helps companies move away from innovation efforts that are too internally focused, and allows you to build a one-page, easy-to-understand, high-level innovation strategy.
Main Outcomes
Craft a Better Innovation Strategy
Built upon the proven five-step strategy developed by Cisco, the Minimum Innovation Strategy Canvas takes what is often very complex and open to misunderstandings, and simplifies it so that it is actionable and easy to understand.
A One-Page Innovation Strategy
Use the MIS to build a simple, easy-to-grasp one-page innovation strategy.
Building a corporate-wide innovation strategy can be complex. It does not have to be. Get everyone on the same page, using a simple framework like the Minimum Innovation Strategy Canvas.
Move from Closed to Open
Most companies, by default, are built around a closed approach to innovation; “Our engineers will do it”. Few companies are naturally comfortable with open innovation in practice. Mastering the Minimum Innovation Strategy, will both help, push and support companies as they move further to the right, establishing industry-leading practices in Partnerships, Co-Investments and Co-Development Programs.
Use Case: Global Pharma Company
Globally, the energy landscape is going through a seismic shift. The rise of clean energy, distributed energy production, electric vehicles, and digital solutions are shifting well-established industry boundaries. A utility company is suddenly competing with Google Energy; an oil & gas company is doing strategic investments in solar, electric cars, and charging infrastructure.
The landscape is shifting and everyone can use an updated innovation strategy. Here is an example of what an expanded innovation strategy might look like for a large utility.
Problem It Solves
✓ We need to expand our understanding of “what is innovation”
✓ How to build a high-level innovation strategy
✓ Our innovation efforts are too internally focused
✓ We have little in the way of open innovation
✓ How can we create a one-page, easy to understand, innovation strategy
Who Is It For?
✓ Consultants
✓ Corporate Staff
✓ Strategy Teams
✓ Business Development
✓ Innovation Teams
✓ Strategy Leadership
✓ Top Management
✓ Startups
✓ Scale-Ups
✓ Accelerators
✓ Incubators
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Find more canvases in the Innovation Series. Thousands of companies, consultants and leaders around the world use Strategy Tools Digital Solutions to build capabilities and deliver business impact. Join them.
Sign Up to Download the Tools
Find more canvases in the Innovation Series. Thousands of companies, consultants and leaders around the world use Strategy Tools Digital Solutions to build capabilities and deliver business impact. Join them.