global innovation - Blog - Global Risk Community2024-03-29T08:30:44Zhttps://globalriskcommunity.com/profiles/blogs/feed/tag/global+innovationGlobal Innovation: 3 Approacheshttps://globalriskcommunity.com/profiles/blogs/global-innovation-3-approaches-12022-03-17T05:48:40.000Z2022-03-17T05:48:40.000ZMark Bridgeshttps://globalriskcommunity.com/members/MarkBridges<div><div class="entry"><p><span style="font-size:12pt;">Editor's Note:<em> If you are interested in becoming an expert on Innovation Management, take a look at Flevy's <a href="https://flevy.com/browse/stream/innovation"><strong>Innovation Management Frameworks</strong> offering here</a>. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can stay ahead of the curve. <a href="https://flevy.com/browse/stream/innovation">Full details here.</a></em></span></p><p><span style="font-size:12pt;">* * * *</span></p></div><div class="entry"><p><span style="font-size:12pt;"><a href="{{#staticFileLink}}10215911465,original{{/staticFileLink}}"><img class="align-right" src="{{#staticFileLink}}10215911465,RESIZE_400x{{/staticFileLink}}" alt="10215911465?profile=RESIZE_400x" width="251" height="203" /></a>The current ever-changing and increasingly connected world demands taking an <a href="https://flevy.com/business-toolkit/innovation">amplified approach to Innovation and Innovation Management</a>.</span></p><p><span style="font-size:12pt;">The conventional method of innovating locally and <a href="https://flevy.com/business-toolkit/globalization">distributing the product or service globally</a> is now being questioned more and more. Effortless availability of unparalleled knowledge, essential for Innovation, is one key factor in bringing the traditional approach into question.</span></p><p><span style="font-size:12pt;">New approaches are now necessitated in order to take full advantage of the vast array of knowledge easily available across the globe. There are 3 approaches that are preferred more than others:</span></p><ol><li><span style="font-size:12pt;"><strong>Staying Approach</strong></span></li><li><span style="font-size:12pt;"><strong>Visiting Approach</strong></span></li><li><span style="font-size:12pt;"><strong>Inviting Approach</strong></span></li></ol><p><span style="font-size:12pt;"><a href="https://flevy.com/browse/flevypro/3-approaches-to-global-innovation-6109"><img class="aligncenter size-full wp-image-10656" src="https://flevy.com/blog/wp-content/uploads/2022/03/Slide-Deck-image-3-approaches-to-Global-Innovation.png" alt="" width="716" height="537" /></a></span></p><p><span style="font-size:12pt;">The approaches are different because of the diverse scenarios faced by different companies. Even though these approaches attempt to address the subject in non-identical ways, the final purpose continues to be no different—i.e., <a href="https://flevy.com/business-toolkit/innovation-culture">infusing a Global Innovation Culture</a>.</span></p><p><span style="font-size:12pt;">Let us examine the approaches in a little more detail. <strong> </strong></span></p><h3><span style="font-size:12pt;"><strong>Staying Approach</strong></span></h3><p><span style="font-size:12pt;">This approach finds it crucial to immerse the operation in the local area while attempting to innovate.</span></p><p><span style="font-size:12pt;">Aspiration behind Innovation development, in quite a few instances, is to gain knowledge, information, knowhow, and technology that is, typically, deficient in the organization. Aim behind immersing in the local environment is to cultivate high quality networks, internal and external relationships, thus promoting Innovation.</span></p><p><span style="font-size:12pt;">In reality however, some companies even after spending a long time in a location do not get noticed and engaged. A major cause for such failures is dearth of partnerships.</span></p><h3><span style="font-size:12pt;"><strong>Visiting Approach</strong></span></h3><p><span style="font-size:12pt;">Also dubbed the Travel approach, this method advocates keeping a distance as opposed to the Staying approach because complete immersion in a location has an adverse influence on Innovation.</span></p><p><span style="font-size:12pt;">Understanding the Visiting approach from a business management or sociological viewpoint is easier through the Network theory. Theories underlying this approach contend that full immersion in a location deteriorates thinking and Innovation.</span></p><p><span style="font-size:12pt;">The theories further assert that a certain amount of distance allows combining their own outlook with that of the local area thus permitting knowledge, information, and knowhow from several regions.</span></p><p><span style="font-size:12pt;">The role of the knowledge-information broker becomes a key in such scenarios.</span></p><h3><span style="font-size:12pt;"><strong>Inviting Approach</strong></span></h3><p><span style="font-size:12pt;">In place of visiting the Local area, this approach promotes Inviting Innovators from other organizations to foster a culture of <a href="https://flevy.com/business-toolkit/open-innovation">Open Innovation</a>. This approach requires that visits should be terminated when attempts are made to take Innovation to the Global level. The basis of this approach is efficiency and the fact that any company going Global will have sufficient wherewithal to invite others to come to it.</span></p><p><span style="font-size:12pt;">This approach is not restricted to big corporations of the developed world only; rather it accommodates businesses of developing countries too.</span></p><p><span style="font-size:12pt;">This approach is often used by Second Mover companies who want to draw alongside the leaders.</span></p><p><span style="font-size:12pt;">Drawback in this approach is that it brings into the open the Innovative needs of the company and thus its vulnerabilities.</span></p><p><span style="font-size:12pt;">Global Innovation has both Local and Global Innovation aspects that pertain to Autonomy and Control.</span></p><p><span style="font-size:12pt;">Characteristic of Local Innovation is increased autonomy and scarce information-sharing with headquarters. Global Innovation proposes an amplified degree of information-sharing with HQ but it comes with the cost of losing autonomy as HQ starts to control more and more.</span></p><p><span style="font-size:12pt;">In the debate of Autonomy vs. Control, a mechanism to preserve information-sharing without reduced autonomy is essential for organizations aspiring to take their innovation to the global level.</span></p><p><span style="font-size:12pt;">There are 2 common methods used to strike a fine balance between Control and Autonomy:</span></p><ol><li><span style="font-size:12pt;">In the 1<sup>st</sup> method, local operation takes the decision but headquarters maintains the classified information.</span></li><li><span style="font-size:12pt;">In the 2<sup>nd</sup> method, information moves to the local operations but headquarters makes the decision.</span></li></ol><p><span style="font-size:12pt;">Interested in learning more about these approaches to Global Innovation? You can download <a href="https://flevy.com/browse/flevypro/3-approaches-to-global-innovation-6109">an editable PowerPoint on <strong>3 Approaches to Global Innovation</strong></a><u> here </u>on the <a href="https://flevy.com/browse">Flevy documents marketplace</a>.</span></p><h3><span style="font-size:12pt;"><strong>Want to Achieve Excellence in Innovation Management?</strong></span></h3><p><span style="font-size:12pt;">Gain the knowledge and develop the expertise to become an expert in Innovation Management. Our frameworks are based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. <a href="https://flevy.com/browse/stream/innovation">Click here for full details.</a></span></p><p><span style="font-size:12pt;">To be competitive and sustain growth, we need to constantly develop new products, services, processes, technologies, and business models. In other words, we need to constantly innovate. </span></p><p><span style="font-size:12pt;">Ironically, the more we grow, the harder it becomes to innovate. Large organizations tend to be far better executors than they are innovators. To effectively manage the Innovation process, we need to master both the art and science of Innovation. Only then can we leverage Innovation as a Competitive Advantage, instead of viewing Innovation as a potential disruptive threat.</span></p><p><span style="font-size:12pt;"><a href="https://flevy.com/browse/stream/innovation">Learn about our <strong>Innovation Management Best Practice Frameworks</strong> here.</a></span></p><h3><span style="font-size:12pt;"><strong>Do You Find Value in This Framework?</strong></span></h3><p><span style="font-size:12pt;">You can download in-depth presentations on this and hundreds of similar business frameworks from the <a href="https://flevy.com/pro/library">FlevyPro Library</a>. <a href="https://flevy.com/pro">FlevyPro</a> is trusted and utilized by 1000s of management consultants and corporate executives. Here’s what some have to say:</span></p><blockquote><p><span style="font-size:12pt;">“My FlevyPro subscription provides me with the most popular frameworks and decks in demand in today’s market. They not only augment my existing consulting and coaching offerings and delivery, but also keep me abreast of the latest trends, inspire new products and service offerings for my practice, and educate me in a fraction of the time and money of other solutions. I strongly recommend FlevyPro to any consultant serious about success.”</span></p><p><span style="font-size:12pt;">– Bill Branson, Founder at Strategic Business Architects</span></p></blockquote><blockquote><p><span style="font-size:12pt;">“As a niche strategic consulting firm, Flevy and FlevyPro frameworks and documents are an on-going reference to help us structure our findings and recommendations to our clients as well as improve their clarity, strength, and visual power. For us, it is an invaluable resource to increase our impact and value.”</span></p><p><span style="font-size:12pt;">– David Coloma, Consulting Area Manager at Cynertia Consulting</span></p></blockquote><blockquote><p><span style="font-size:12pt;">“FlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients. In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over! The quality of the decks available allows me to punch way above my weight – it’s like having the resources of a Big 4 consultancy at your fingertips at a microscopic fraction of the overhead.”</span></p><p><span style="font-size:12pt;">– Roderick Cameron, Founding Partner at SGFE Ltd</span></p></blockquote></div><div class="entry"><span style="font-size:12pt;"> </span></div></div>4 Approaches to Global Innovation Managementhttps://globalriskcommunity.com/profiles/blogs/4-approaches-to-global-innovation-management2022-03-08T10:44:39.000Z2022-03-08T10:44:39.000ZMark Bridgeshttps://globalriskcommunity.com/members/MarkBridges<div><div class="entry"><p><span style="font-size:12pt;">Editor's Note: <em> If you are interested in becoming an expert on Innovation Management, take a look at Flevy's Innovation Management Frameworks offering. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can you stay ahead of the curve. <a href="https://flevy.com/browse/stream/innovation">Full details here.</a></em></span></p></div><div class="entry"><p><span style="font-size:12pt;"> </span></p><p><span style="font-size:12pt;"><a href="{{#staticFileLink}}10177537862,original{{/staticFileLink}}"><img class="align-right" src="{{#staticFileLink}}10177537862,RESIZE_400x{{/staticFileLink}}" alt="10177537862?profile=RESIZE_400x" width="187" height="281" /></a>Contemporary vibrant and contracting world demands using a wider approach to Innovation and <a href="https://flevy.com/business-toolkit/innovation-management-inno">Innovation Management</a>.</span></p><p><span style="font-size:12pt;">The customary approach’s reduced efficacy is due to the uncomplicated accessibility to exceptional knowledge necessary to Innovate. Accessing and utilizing such knowledge effectually warrants a revitalized approach.</span></p><p><span style="font-size:12pt;"><a href="https://flevy.com/business-toolkit/globalization">Globalization</a> of Innovation can be accomplished in numerous ways. Four of the common ones are:</span></p><ol><li><span style="font-size:12pt;"><strong>Center for Global</strong></span></li><li><span style="font-size:12pt;"><strong>Local for Local</strong></span></li><li><span style="font-size:12pt;"><strong>Local for Global</strong></span></li><li><span style="font-size:12pt;"><strong>Global for Global</strong></span></li></ol><p><span style="font-size:12pt;"><a href="https://flevy.com/browse/flevypro/global-innovation-management-primer-6104"><img class="aligncenter size-full wp-image-10622" src="https://flevy.com/blog/wp-content/uploads/2022/03/Slide-Deck-Image-Global-Innovation-Primer.png" alt="" width="715" height="536" /></a></span></p><p><span style="font-size:12pt;">Of the 4 approaches, Local for Global is the most recognized model in the area of Global Innovation. Although implementing such an approach has its challenges, its pursuit allows adoption of Innovation as a source of <a href="https://flevy.com/business-toolkit/competitive-advantage">Competitive Advantage</a> in the future.</span></p><p><span style="font-size:12pt;">Lately, significance of Innovation in emerging countries is growing. An overview of the associated concepts brings to light 3 types of Innovation.</span></p><ol><li><span style="font-size:12pt;"><strong>Metanational Innovation. </strong> This comprises of seeking, obtaining, and using effective knowledge, information, and knowhow that is possibly present in different locations across the world.</span></li></ol><ol start="2"><li><span style="font-size:12pt;"><strong>Frugal Innovation.</strong> This kind of Innovation ascends the distinctive constraining environment of a locality. It is not essential to scale Frugal Innovation to Local for Global Innovation every time.</span></li></ol><ol start="3"><li><span style="font-size:12pt;"><strong>Reverse Innovation.</strong> This type of Innovation is employed to uncover developed country requirement of minimal functionality/ minimal priced products which were originally created for emerging countries.</span></li></ol><p><span style="font-size:12pt;">While the variances are slight, these can be taken as the emerging country’s form of Local for Global Innovation.</span></p><p><span style="font-size:12pt;">Fundamental in tackling the challenges to Local for Global approach is Metanational Management. Dynamic Resource Situation can be addressed with the help of Metanational Management approach. The Metanational Management approach entails:</span></p><ul><li><span style="font-size:12pt;">Perceiving globally dispersed knowledge-information, capturing it, distributing it company-wide, and ensuring its utilization.</span></li><li><span style="font-size:12pt;">Metanational Management moves past local scope, targeting value creation on a global scale.</span></li><li><span style="font-size:12pt;">Management of the company aims to utilize home-country benefits in the routine but does not cease there, rather tries to capture advantages throughout the world.</span></li><li><span style="font-size:12pt;">This is achieved via International Innovation Relay; connected to this are the concepts and roles of External Knowledge-Information Brokers and Internal Knowledge-Information Brokers.</span></li><li><span style="font-size:12pt;">External knowledge-information broker is a delicately adjusted observation system that collects indications from all over the world.</span></li><li><span style="font-size:12pt;">Placement of the observation system over a wide range and in riskier locations e.g., emerging countries, may help companies obtain comparative and Competitive Advantage.</span></li></ul><p><span style="font-size:12pt;">Role of the Internal Knowledge-Information Broker is:</span></p><ul><li><span style="font-size:12pt;">To suitably capture knowledge, information, and expertise garnered by the External knowledge-information broker.</span></li><li><span style="font-size:12pt;">Creating a viable business by using information, specifications, Innovation, and technology.</span></li></ul><p><span style="font-size:12pt;">Metanational Innovation Cycle comprises of a company management’s ability to equally place monitoring systems as well as use the information acquired. Metanational Innovation Cycle requires effectively relating monitoring systems and information acquired. Even though this is an easily understandable concept, handling it presents a significant challenge.</span></p><p><span style="font-size:12pt;">Interested in learning more about Global Innovation Management? You can download <a href="https://flevy.com/browse/flevypro/global-innovation-management-primer-6104">an editable PowerPoint on <strong>Global Innovation Management </strong>here </a>on the <a href="https://flevy.com/browse">Flevy documents marketplace</a>. </span></p><h3><span style="font-size:12pt;"><strong>Want to Achieve Excellence in Innovation Management?</strong></span></h3><p><span style="font-size:12pt;">Gain the knowledge and develop the expertise to become an expert in Innovation Management. Our frameworks are based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. <a href="https://flevy.com/browse/stream/innovation">Click here for full details.</a></span></p><p><span style="font-size:12pt;">To be competitive and sustain growth, we need to constantly develop new products, services, processes, technologies, and business models. In other words, we need to constantly innovate. </span></p><p><span style="font-size:12pt;">Ironically, the more we grow, the harder it becomes to innovate. Large organizations tend to be far better executors than they are innovators. To effectively manage the Innovation process, we need to master both the art and science of Innovation. Only then can we leverage Innovation as a Competitive Advantage, instead of viewing Innovation as a potential disruptive threat.</span></p><p><span style="font-size:12pt;"><a href="https://flevy.com/browse/stream/innovation">Learn about our <strong>Innovation Management Best Practice Frameworks</strong> here.</a></span></p><h3><span style="font-size:12pt;"><strong>Do You Find Value in This Framework?</strong></span></h3><p><span style="font-size:12pt;">You can download in-depth presentations on this and hundreds of similar business frameworks from the <a href="https://flevy.com/pro/library">FlevyPro Library</a>. <a href="https://flevy.com/pro">FlevyPro</a> is trusted and utilized by 1000s of management consultants and corporate executives. Here’s what some have to say:</span></p><blockquote><p><span style="font-size:12pt;">“My FlevyPro subscription provides me with the most popular frameworks and decks in demand in today’s market. They not only augment my existing consulting and coaching offerings and delivery, but also keep me abreast of the latest trends, inspire new products and service offerings for my practice, and educate me in a fraction of the time and money of other solutions. I strongly recommend FlevyPro to any consultant serious about success.”</span></p><p><span style="font-size:12pt;">– Bill Branson, Founder at Strategic Business Architects</span></p></blockquote><blockquote><p><span style="font-size:12pt;">“As a niche strategic consulting firm, Flevy and FlevyPro frameworks and documents are an on-going reference to help us structure our findings and recommendations to our clients as well as improve their clarity, strength, and visual power. For us, it is an invaluable resource to increase our impact and value.”</span></p><p><span style="font-size:12pt;">– David Coloma, Consulting Area Manager at Cynertia Consulting</span></p></blockquote><blockquote><p><span style="font-size:12pt;">“FlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients. In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over! The quality of the decks available allows me to punch way above my weight – it’s like having the resources of a Big 4 consultancy at your fingertips at a microscopic fraction of the overhead.”</span></p><p><span style="font-size:12pt;">– Roderick Cameron, Founding Partner at SGFE Ltd</span></p></blockquote></div></div>Strategy for Global Innovationhttps://globalriskcommunity.com/profiles/blogs/strategy-for-global-innovation2022-02-16T14:26:54.000Z2022-02-16T14:26:54.000ZMark Bridgeshttps://globalriskcommunity.com/members/MarkBridges<div><div class="entry"><p><span style="font-size:12pt;">Editor's Note:<em> If you are interested in becoming an expert on Innovation Management, take a look at Flevy's Innovation Management Frameworks offering. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can stay ahead of the curve. <a href="https://flevy.com/browse/stream/innovation">Full details here.</a></em></span></p><p><span style="font-size:12pt;">* * * *</span></p></div><div class="entry"><p><span style="font-size:12pt;"><a href="{{#staticFileLink}}10111437672,original{{/staticFileLink}}"><img class="align-right" src="{{#staticFileLink}}10111437672,RESIZE_400x{{/staticFileLink}}" alt="10111437672?profile=RESIZE_400x" width="324" height="243" /></a>Humans inherently connect to each other in an indigenous context, generate knowledge, and develop a product to be disseminated by way of commerce. Traditionally, Global Innovation practice has seen assembling of people with vital capabilities and essential knowledge via co-location.<strong> </strong></span></p><p><span style="font-size:12pt;">Co-location is the gathering of Innovation specialists into a handful of Innovation centers, domestically and in prime markets. The innovative products and/or services created by them are then dispersed to markets throughout the globe.</span></p><p><span style="font-size:12pt;">However, as the array of knowledge required for Global Innovation becomes extensive and diverse, co-location has become inadequate. Today’s dynamic and shrinking world necessitates <a href="https://flevy.com/business-toolkit/innovation-management-inno">taking an expanded approach to Innovation Management</a>.</span></p><p><span style="font-size:12pt;">Most of the organizations have not been able to sufficiently internationalize their Innovation Strategies to make use of the multifaceted knowledge scattered world-wide; knowledge necessary for present-day products and services.</span></p><p><span style="font-size:12pt;">Cause of failure is the generally accepted but perceived trade-offs listed below. The challenge is to surmount these trade-offs, which research has shown is possible.<strong> </strong></span></p><ol><li><span style="font-size:12pt;"><strong>Approval vs. Disapproval</strong></span></li><li><span style="font-size:12pt;"><strong>Autonomy vs. Control</strong></span></li><li><span style="font-size:12pt;"><strong>Capability vs. Motivation</strong></span></li><li><span style="font-size:12pt;"><strong>Attraction vs. Interest</strong></span></li><li><span style="font-size:12pt;"><strong>Achievement vs. Potential</strong><strong> </strong></span></li></ol><p><span style="font-size:12pt;"><strong> <a href="https://flevy.com/browse/flevypro/global-innovation-strategy-6084"><img class="aligncenter size-full wp-image-10520" src="https://flevy.com/blog/wp-content/uploads/2022/02/Slide-Deck-image-1-Global-Inno-Stgy.png" alt="" width="688" height="517" /></a></strong></span></p><p><span style="font-size:12pt;">Most companies leverage their international networks just to engage in mundane tasks, and are unable to make use of opportunities for Global Innovation to gain <a href="https://flevy.com/pro/library/tag/competitive-advantage">Competitive Advantage</a>.</span></p><p><span style="font-size:12pt;">Let us go into some detail of these tradeoffs.<strong> </strong></span></p><h3><span style="font-size:12pt;"><strong>Approval vs. Disapproval</strong></span></h3><p><span style="font-size:12pt;">When pitched generally, the idea of taking Innovation to the global level is agreed to by everyone across the organization. When the task is directed towards a specific entity or specifics of it are assigned, Disapproval ensues.</span></p><h3><span style="font-size:12pt;"><strong>Autonomy vs. Control</strong></span></h3><p><span style="font-size:12pt;">This is the trade-off between granting local autonomy vs. losing centralized control over the Innovation process. Reason for such interpretation is the inability to consider knowledge and power separately.<strong> </strong></span></p><h3><span style="font-size:12pt;"><strong>Capability vs. Motivation</strong></span></h3><p><span style="font-size:12pt;">A singularity exists where companies with elevated Innovation Capability exhaust their enthusiasm for Global Innovation.</span></p><h3><span style="font-size:12pt;"><strong>Attraction vs. Interest</strong></span></h3><p><span style="font-size:12pt;">Taking Innovation to the global scale often necessitates partnerships. Such partnerships typically present the predicament that the more desirable the probable partner appears, the less those feelings are reciprocated.<strong> </strong></span></p><h3><span style="font-size:12pt;"><strong>Achievement vs. Potential</strong></span></h3><p><span style="font-size:12pt;">There is a trade-off between the over-emphasis on historical achievements vs. the potential for future achievements, as over-reliance on what has worked in the past will hinder <a href="https://flevy.com/business-toolkit/creativity">Creativity required for a new environment</a>.</span></p><p><span style="font-size:12pt;">Effective Global Innovation of products and services has the hallmark of unrestricted reciprocity of unstated knowledge between people scattered around the world. Such an evolution can be achieved by optimizing 3 diverse aspects of Innovation, generally simultaneously.</span></p><p><span style="font-size:12pt;">The 3-prong approach to Global Innovation Strategy that overcomes the Global Innovation trade-off of Knowledge Complexity vs. Global Dispersion comprises of:</span></p><ol><li><span style="font-size:12pt;"><strong>Compact & Agile Innovation Footprint</strong></span></li><li><span style="font-size:12pt;"><strong>Capabilities & Structures for Communication</strong></span></li><li><span style="font-size:12pt;"><strong>Internal & External Collaboration</strong></span></li></ol><p><span style="font-size:12pt;"><a href="https://flevy.com/browse/flevypro/global-innovation-strategy-6084"><img class="aligncenter size-full wp-image-10522" src="https://flevy.com/blog/wp-content/uploads/2022/02/Slide-Deck-image-2-Global-Inno-Stgy.png" alt="" width="681" height="512" /></a></span></p><p><span style="font-size:12pt;">Universal principles of Global Innovation Strategy keep evolving for making each of these attributes work, based on the experience of numerous entities.</span></p><p><span style="font-size:12pt;">Let us delve a little deeper into the 3 principles.</span></p><h3><span style="font-size:12pt;"><strong>Compact & Agile Innovation Footprint</strong></span></h3><p><span style="font-size:12pt;">This relates to the quantity of tangible sites in an Innovation network. Only that number of physical sites should be included in an Innovation network which are able to add exclusive and discerned knowledge.<strong> </strong></span></p><h3><span style="font-size:12pt;"><strong>Capabilities & Structures for Communication</strong></span></h3><p><span style="font-size:12pt;">This aspect has to do with overcoming the challenge of distance, time, and culture when taking Innovation to the global level.</span></p><p><span style="font-size:12pt;"><a href="https://flevy.com/business-toolkit/communications-strategy-comm">Communication is a momentous challenge when there is distance, time, and culture difference.</a> Developing a culture of open knowledge-sharing is vital for taking Innovation to a global scale.</span></p><h3><span style="font-size:12pt;"><strong>Internal & External Collaboration</strong></span></h3><p><span style="font-size:12pt;">This aspect looks at collaboration protocols for co-located sites versus globally dispersed collaboration.</span></p><p><span style="font-size:12pt;">Interested in learning more about Global Innovation Strategy? You can download <a href="https://flevy.com/browse/flevypro/global-innovation-strategy-6084">an editable PowerPoint on <strong>Global Innovation Strategy</strong> here</a><u> </u>on the <a href="https://flevy.com/browse">Flevy documents marketplace</a>.</span></p><h3><span style="font-size:12pt;"><strong>Want to Achieve Excellence in Innovation Management?</strong></span></h3><p><span style="font-size:12pt;">Gain the knowledge and develop the expertise to become an expert in Innovation Management. Our frameworks are based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. <a href="https://flevy.com/browse/stream/innovation">Click here for full details.</a></span></p><p><span style="font-size:12pt;">To be competitive and sustain growth, we need to constantly develop new products, services, processes, technologies, and business models. In other words, we need to constantly innovate. </span></p><p><span style="font-size:12pt;">Ironically, the more we grow, the harder it becomes to innovate. Large organizations tend to be far better executors than they are innovators. To effectively manage the Innovation process, we need to master both the art and science of Innovation. Only then can we leverage Innovation as a Competitive Advantage, instead of viewing Innovation as a potential disruptive threat.</span></p><p><span style="font-size:12pt;"><a href="https://flevy.com/browse/stream/innovation">Learn about our <strong>Innovation Management Best Practice Frameworks</strong> here.</a></span></p><h3><span style="font-size:12pt;"><strong>Do You Find Value in This Framework?</strong></span></h3><p><span style="font-size:12pt;">You can download in-depth presentations on this and hundreds of similar business frameworks from the <a href="https://flevy.com/pro/library">FlevyPro Library</a>. <a href="https://flevy.com/pro">FlevyPro</a> is trusted and utilized by 1000s of management consultants and corporate executives. Here’s what some have to say:</span></p><blockquote><p><span style="font-size:12pt;">“My FlevyPro subscription provides me with the most popular frameworks and decks in demand in today’s market. 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