2 strategies and tactics for Innovation

What is a Innovation strategy?

Every great achievement starts with a well-thought-out plan. It can be the launch of a new product, expanding into new markets, or just trying to increase efficiency. You'll need a delicate combination of strategies and tactics to ensure that the journey is smooth and effective.

Finding the right Innovation strategy can be daunting, especially when you're busy working on your day-to-day tasks. This is why we've curated a list of examples for your inspiration.

Copy these examples into your preferred app, or you can also use Tability to keep yourself accountable.

Building your own Innovation strategy with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own strategies.

Innovation strategy examples

You'll find below a list of Innovation tactics. We also included action items for each template to make it more practical and useful.

Strategies and tactics for enhancing MEA's Innovation Capabilities

  • ⛳️ Strategy 1: Develop a Data Analysis Framework

    • Hire a data analysis expert to lead the project
    • Purchase or develop a robust data analysis software
    • Train existing personnel on data analysis techniques
    • Collect and analyse current customer data
    • Identify key trends and future customer needs based on data
    • Integrate data analysis into the decision-making process
    • Set KPIs for data analysis effectiveness
    • Collaborate with tech firms to enhance data capabilities
    • Utilise data to develop targeted innovations
    • Regularly review and update the data analysis process

  • ⛳️ Strategy 2: Enhance Innovation Management and Financial Targeting

    • Revise financial success targets to be more challenging
    • Benchmark against industry standards for innovation success
    • Create internal competitions for innovative ideas with financial rewards
    • Track and measure innovation performance regularly
    • Utilise ISO 56002 as a guideline for innovation management
    • Implement a feedback system from customers to improve innovations
    • Collaborate with financial experts to set realistic yet challenging targets
    • Encourage executives to participate in innovation development
    • Celebrate and publicise successful innovations internally and externally
    • Regularly assess and update financial targets based on performance and market trends

  • ⛳️ Strategy 3: Restructure to Support Innovation

    • Conduct a thorough review of the current organisational structure
    • Identify key areas that hinder innovation
    • Develop a proposal for a new structure that supports innovation from upstream to downstream
    • Gain executive approval for the new structure
    • Implement the new structure in phases to ensure smooth transition
    • Hire or reassign personnel to fit the new structure
    • Create cross-functional teams to foster collaboration
    • Establish a dedicated innovation department
    • Set clear roles, responsibilities, and objectives for each unit
    • Regularly review and adjust the structure based on feedback and performance
innovationdata-analysisdata-analysis-expertfinancial-expertcross-functional-teamsdedicated-innovation-department
Implement these strategies

Strategies and tactics for developing a 5-year plan for a start-up maritime school

  • ⛳️ Strategy 1: Establish a strong academic foundation

    • Develop a comprehensive curriculum that meets international maritime education standards
    • Hire experienced and qualified instructors with industry background
    • Create a continual professional development programme for faculty
    • Offer specialised courses and certifications tailored to current industry demands
    • Establish partnerships with renowned maritime institutions and industry bodies
    • Regularly update course materials and incorporate modern maritime technologies
    • Implement a robust system for student evaluations and feedback
    • Develop a student mentorship and tutoring programme
    • Organise regular workshops, seminars, and guest lectures with industry experts
    • Create a resource centre with access to the latest maritime research and publications

  • ⛳️ Strategy 2: Enhance practical training and infrastructure

    • Build state-of-the-art simulation labs and training facilities
    • Develop partnerships with maritime companies for internships and practical training
    • Integrate hands-on training components into all courses
    • Establish a dedicated department for managing industry collaborations
    • Acquire training vessels and equipment for at-sea training exercises
    • Regularly assess and upgrade training equipment and facilities
    • Implement safety and emergency response training modules
    • Offer specialised workshops in maritime engineering innovation
    • Conduct regular audits of training programmes to ensure industry relevance
    • Ensure all practical training meets international safety and competency standards

  • ⛳️ Strategy 3: Build a strong institutional reputation

    • Develop a comprehensive marketing plan to promote the school's programmes
    • Highlight success stories and testimonials from students and alumni
    • Engage in public relations activities to boost school's visibility
    • Participate in national and international maritime education conferences and fairs
    • Publish research and articles in reputed maritime journals and magazines
    • Implement a robust alumni network to maintain relationships with graduates
    • Partner with local, regional, and international organisations for projects and research
    • Establish a scholarship programme to attract top talent
    • Promote community engagement and outreach programmes
    • Consistently gather and act on feedback from students, alumni, and industry partners
maritime-educationpractical-trainingcurriculum-developerindustry-partnerships-manageracademic-teammarketing-team
Implement these strategies

Executing your Innovation strategies

Having a plan is one thing, sticking to it is another.

Having a good strategy is only half the effort. You'll increase significantly your chances of success if you commit to a weekly check-in process.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

Tability Insights DashboardTability's check-ins will save you hours and increase transparency

More strategies recently published

We have more templates to help you draft your team goals and OKRs.

Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

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