Innovation Strategy

The video discusses competitive strategy through innovation, emphasizing creating new value propositions. It explores various forms of innovation, such as rapid and incremental, and strategies like proactive, active, reactive, and passive. The video also covers areas where innovation can be applied, including products, processes, marketing, and business models, highlighting the entrepreneurial nature of innovation strategy.

How can organizations create an environment that promotes organic innovation?

Explain the concept of business model innovation and its significance.