Get Tability: OKRs that don't suck | Learn more →

10 strategies and tactics for Innovation Manager

What is Innovation Manager 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 Manager 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.

How to write your own Innovation Manager 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 Manager strategy examples

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

Strategies and tactics for becoming the market’s preferred financial solutions provider

  • ⛳️ Strategy 1: Enhance innovation capabilities

    • Invest in research and development to create innovative financial products
    • Establish a dedicated innovation team focused on future trends in finance
    • Collaborate with fintech startups and incubators to foster innovative ideas
    • Implement a company-wide innovation culture through regular workshops and training
    • Conduct regular market analysis to identify emerging consumer needs
    • Adopt cutting-edge technology like AI and blockchain in financial solutions
    • Host innovation challenges or hackathons to engage employees
    • Create partnerships with universities for joint research projects
    • Develop a customer feedback loop for testing and improving new products
    • Benchmark against leading innovative firms to remain competitive

  • ⛳️ Strategy 2: Strengthen expertise and employee competence

    • Invest in ongoing training and development programs for all employees
    • Recruit industry experts and thought leaders to boost internal knowledge
    • Create a mentorship programme aligning junior and senior staff
    • Implement knowledge-sharing platforms for internal best practices
    • Encourage professional certifications and accreditations
    • Conduct regular workshops on recent financial regulations and trends
    • Offer leadership development programmes for high-potential employees
    • Organise bi-annual industry conferences to learn from peers
    • Utilise customer service feedback to identify knowledge gaps
    • Set up internal forums for discussing industry challenges and solutions

  • ⛳️ Strategy 3: Elevate security measures

    • Conduct regular security audits and assessments
    • Invest in advanced cyber-security tools and technologies
    • Train staff continuously on data protection and privacy practices
    • Develop a robust incident response plan for potential breaches
    • Collaborate with security firms to enhance threat detection capabilities
    • Implement multi-factor authentication for all customer transactions
    • Regularly update and patch security software to protect from vulnerabilities
    • Educate customers on best practices for personal data security
    • Ensure compliance with international security standards and regulations
    • Utilise blockchain technology to secure financial transactions
innovationsecurityinnovation-managercybersecurity-specialistresearch-and-developmentcustomer-service
Implement these strategies

Strategies and tactics for developing a business growth strategy for a security company

  • ⛳️ Strategy 1: Strengthen client relationships

    • Organise quarterly review meetings with top clients to discuss service feedback
    • Implement a client loyalty program to reward long-standing partners
    • Develop a client-specific newsletter sharing industry updates and company news
    • Provide personalised security audits to clients annually
    • Invite clients to participate in a bi-annual security seminar hosted by the company
    • Establish a dedicated account manager for key clients
    • Offer exclusive early-bird access to new security technology
    • Create a listening post to monitor and action client satisfaction levels
    • Develop and present case studies or success stories involving existing clients
    • Regularly survey clients to understand their evolving security needs

  • ⛳️ Strategy 2: Expand service offerings

    • Conduct market research to identify trending security needs
    • Develop partnerships with technology providers for innovative solutions
    • Launch remote monitoring services for clients with smaller budgets
    • Offer cybersecurity assessments alongside traditional security services
    • Create a mobile app to enhance client engagement and service accessibility
    • Pilot a security drone service for large-scale sites
    • Implement a rapid response team to address urgent client security issues
    • Develop an advisory service for home secure systems targeting the residential market
    • Establish a division for consultancy on regulatory compliance in security
    • Introduce environmentally sustainable security solutions

  • ⛳️ Strategy 3: Optimise security operations management

    • Adopt a new software for scheduling and managing security personnel
    • Schedule monthly debrief meetings with security teams for performance evaluation
    • Implement real-time incident reporting tools for security personnel
    • Track and review key performance indicators for security operations monthly
    • Conduct quarterly training sessions focusing on emerging security threats
    • Integrate technology to automate routine security checks and reduce manual efforts
    • Assign a risk management officer to assess vulnerabilities periodically
    • Design a reward system for security personnel achieving excellence
    • Maintain a regular review process for security protocols and guidelines
    • Create a mentorship program pairing new managers with experienced ones
client-retentioninnovationaccount-managerrisk-management-officerbusiness-developmenttechnology-integration
Implement these strategies

Strategies and tactics for transforming Telco Culture to Techco

  • ⛳️ Strategy 1: Foster an innovation mindset

    • Implement regular innovation workshops and hackathons
    • Create an idea submission platform for employees
    • Reward and recognise innovative ideas and projects
    • Provide training on creative thinking and problem-solving
    • Encourage cross-department collaboration to spark innovation
    • Set up a dedicated innovation team to lead initiatives
    • Incorporate innovation goals into performance reviews
    • Partner with tech startups for innovation exchanges
    • Organise guest lectures and seminars from tech industry leaders
    • Conduct regular assessments of innovation culture maturity

  • ⛳️ Strategy 2: Enhance digital skills and talent

    • Develop a comprehensive digital skills training program
    • Establish mentorship schemes with tech-savvy employees
    • Offer online courses and certifications for emerging technologies
    • Encourage attendance at tech conferences and seminars
    • Host internal tech meetups and demo days
    • Integrate digital competencies into talent acquisition processes
    • Evaluate and adjust roles for digital relevance
    • Create a knowledge-sharing platform for tech learning
    • Launch a digital transformation change management program
    • Regularly survey employee skills and training needs

  • ⛳️ Strategy 3: Cultivate an agile and flexible work environment

    • Implement agile methodologies across teams
    • Redesign workspaces to promote collaboration and flexibility
    • Adopt a remote-friendly work policy with flexible hours
    • Conduct training sessions on agile principles and tools
    • Encourage small, cross-functional teams for projects
    • Streamline processes to support rapid decision-making
    • Regularly gather feedback to refine agile practices
    • Use digital tools to enhance productivity and communication
    • Set clear and measurable goals aligned with agile practices
    • Recognise and reward teamwork and adaptability
innovationdigital-skillsmentorship-providerchange-managerinnovation-teamdigital-transformation-team
Implement these strategies

Strategies and tactics for empty Response

    flexibilityadaptabilitymanagerstrategistinnovation-teamcrisis-management-team
    Implement these strategies

    Strategies and tactics for transforming the real estate office into the largest exchange and partnership centre

    • ⛳️ Strategy 1: Strengthen local partnerships

      • Identify key local real estate players and initiate partnership discussions
      • Develop a partnership value proposition that highlights mutual benefits
      • Create joint promotional events with local businesses and developers
      • Organise quarterly networking events for local real estate professionals
      • Offer partnership incentives like shared listings or referral bonuses
      • Create a digital platform for easy collaboration and partnerships
      • Regularly review partnership success and look for improvement opportunities
      • Educate the team on relationship building with current and potential partners
      • Utilise social media to announce new partnerships and collaborative opportunities
      • Monitor partnership activities and adjust strategies based on performance data

    • ⛳️ Strategy 2: Expand digital presence and capabilities

      • Enhance the company's website to include a partner and exchange portal
      • Invest in SEO and SEM campaigns to increase online visibility
      • Launch a mobile app to facilitate easier access for partners
      • Integrate AI tools to better match buyers and partners to properties
      • Conduct webinars and online workshops on real estate exchange processes
      • Regularly update digital content with market insights and news
      • Develop virtual reality tours for properties to attract remote partners
      • Implement an online booking system for consultations and property viewings
      • Analyse website traffic and user behaviour to optimise the digital platform
      • Create a content calendar for consistent engagement with online audiences

    • ⛳️ Strategy 3: Diversify service offerings

      • Conduct market research to identify potential new services
      • Develop a comprehensive business plan for new service offerings
      • Offer property management services to enhance partnerships
      • Introduce a training program for aspiring real estate professionals
      • Expand into commercial and industrial real estate segments
      • Implement a customer feedback system for service improvements
      • Promote expanded services through targeted marketing campaigns
      • Hire or train staff with the skills needed for new service areas
      • Establish a dedicated team to manage service diversification
      • Continuously monitor market trends and adjust services accordingly
    collaborationinnovationpartnership-managerdigital-strategistmarketingdevelopment
    Implement these strategies

    Strategies and tactics for boosting Retail Growth

    • ⛳️ Strategy 1: Expand with shop-in-shop locations

      • Identify key tourist areas for potential shop-in-shop locations
      • Research and select suitable partner brands for collaboration
      • Design a unique store experience that integrates both brands
      • Develop a marketing plan to promote the new locations
      • Implement a pilot shop-in-shop location and gather feedback
      • Analyse customer data to understand preferences in tourist areas
      • Train staff to deliver an exceptional customer experience
      • Create partnerships with local guides and businesses to attract tourists
      • Evaluate the financial performance of the shop-in-shop locations
      • Refine and scale successful shop-in-shop concepts to other locations

    • ⛳️ Strategy 2: Innovate with new business models

      • Conduct research on successful mobile tasting events and pop-up stores
      • Design mobile tasting experiences tailored to local events
      • Establish partnerships with event organizers for pop-up store opportunities
      • Develop a logistics plan for setting up and dismantling mobile units
      • Promote mobile and pop-up store experiences through social media
      • Create an engaging, immersive experience for pop-up store visitors
      • Gather customer feedback and sales data from each event for improvement
      • Introduce exclusive products or offers at mobile and pop-up locations
      • Monitor costs and revenues to ensure profitability of new models
      • Expand successful models to neighbouring cities and regions

    • ⛳️ Strategy 3: Strengthen digital presence

      • Revamp the online store to improve user experience and navigation
      • Create virtual tasting experiences to engage with a global audience
      • Implement a personalisation engine on the e-commerce platform for curated offers
      • Enhance SEO strategies to increase visibility in search engines
      • Leverage social media to showcase products and connect with followers worldwide
      • Develop targeted online promotions aligned with physical store launches
      • Analyse online consumer behaviour to continually optimise digital strategies
      • Collaborate with influencers to boost brand awareness and credibility
      • Integrate an omnichannel shopping experience across online and physical stores
      • Set measurable KPIs for digital growth and assess regularly for adjustments
    growthinnovationretail-managerdigital-strategistmarketing-teamdigital-team
    Implement these strategies

    Strategies and tactics for creating efficiencies through artificial intelligence

    • ⛳️ Strategy 1: Analyse existing processes

      • Conduct a comprehensive review of current workflows
      • Identify repetitive and time-consuming tasks suitable for automation
      • Identify key performance metrics to monitor improvements
      • Engage with team members to understand pain points in current processes
      • Evaluate the potential for AI to enhance decision-making processes
      • Consult with AI experts to assess the suitability of AI technologies
      • Prioritise processes with the highest potential for efficiency gains
      • Map out the current process flowcharts for clarity
      • Identify potential challenges and constraints in AI implementation
      • Set clear AI implementation goals aligned with business objectives

    • ⛳️ Strategy 2: Integrate AI tools

      • Research and select AI tools that align with identified needs
      • Develop a timeline for the phased integration of AI tools
      • Test AI tools with a pilot programme to ensure compatibility
      • Train staff on new AI technologies and their benefits
      • Integrate AI tools into existing systems and processes
      • Regularly collect feedback from users on AI tool performance
      • Monitor key performance metrics to assess the impact
      • Make iterative improvements based on user feedback
      • Ensure robust data security and compliance with AI tools
      • Document lessons learned and best practices

    • ⛳️ Strategy 3: Foster a culture of innovation

      • Encourage team members to suggest AI applications
      • Establish innovation workshops to generate AI ideas
      • Create a dedicated innovation task force for AI projects
      • Provide continuous training on emerging AI trends
      • Celebrate successes and recognise innovative peers
      • Promote cross-departmental collaboration for AI projects
      • Incorporate AI innovation goals into personal development plans
      • Provide incentives for teams that successfully implement AI
      • Conduct regular brainstorming sessions on AI advancements
      • Embed AI thinking in strategic planning across the organisation
    efficiencyautomationai-consultantoperations-managerit-support-teaminnovation-task-force
    Implement these strategies

    Strategies and tactics for becoming the UK's leading OT cyber security solutions & service provider for critical industries

    • ⛳️ Strategy 1: Expand market presence

      • Identify and target strategic industry sectors for growth
      • Conduct a market analysis to identify potential clients
      • Develop tailored marketing campaigns for critical industries
      • Attend industry-specific conferences and networking events
      • Build partnerships with complementary service providers
      • Leverage digital marketing to increase brand visibility
      • Hire a dedicated sales team for critical industries
      • Enhance website and SEO for better industry-specific searches
      • Create case studies and whitepapers for target industries
      • Engage with key industry influencers and thought leaders

    • ⛳️ Strategy 2: Enhance service offerings

      • Conduct a gap analysis of current services versus market needs
      • Invest in research and development for innovative solutions
      • Launch new services tailored to specific industry needs
      • Provide comprehensive training for staff on emerging technologies
      • Develop a robust customer support system
      • Offer customised security assessments for clients
      • Implement a feedback loop with clients to refine services
      • Explore additional certifications to boost credibility
      • Build a knowledge base of industry-specific threats and solutions
      • Continuously update service offerings based on technological advancements

    • ⛳️ Strategy 3: Build a reputation for excellence and reliability

      • Ensure compliance with all relevant cyber security standards
      • Create a case study portfolio showcasing successful projects
      • Solicit and highlight client testimonials and reviews
      • Develop a clear brand message focusing on security and trust
      • Implement robust quality assurance processes
      • Conduct regular performance audits and publish results
      • Establish a customer loyalty programme
      • Create a crisis management protocol for incident response
      • Provide regular thought leadership content in industry publications
      • Engage with academia and institutions for research collaborations
    cybersecurityinnovationsales-leadcustomer-support-managermarketing-teamresearch-and-development-team
    Implement these strategies

    Strategies and tactics for growing metal stamping business turnover to £75 million with 15% EBITDA by 2030

    • ⛳️ Strategy 1: Expand product offerings

      • Conduct market research to identify new product opportunities
      • Invest in R&D to innovate and improve existing products
      • Develop partnerships with suppliers for new materials
      • Launch pilot programmes for new products to gather market feedback
      • Leverage customer feedback to refine product offerings
      • Increase production capacity to accommodate new products
      • Conduct competitive analysis to ensure unique product positioning
      • Develop a pricing strategy for new products
      • Launch a marketing campaign for new product lines
      • Train sales team on the features and benefits of new products

    • ⛳️ Strategy 2: Expand into new geographical markets

      • Identify potential international markets with high demand
      • Research regulatory requirements for entry into new markets
      • Establish a local sales presence in high-priority regions
      • Develop strategic partnerships with local distributors or agents
      • Adapt product offerings to meet local preferences and standards
      • Implement a localised marketing strategy targeting specific regions
      • Attend international trade shows and exhibitions to increase visibility
      • Evaluate and select the optimal modes of transportation and logistics
      • Utilise government resources and trade associations for market entry
      • Monitor and analyse performance metrics in new markets

    • ⛳️ Strategy 3: Enhance operational efficiency

      • Conduct a comprehensive audit of current operations
      • Implement lean manufacturing processes to reduce waste
      • Invest in state-of-the-art machinery and technology
      • Optimise supply chain management to reduce costs
      • Increase workforce training to improve skill sets
      • Utilise data analytics to forecast demand and optimize inventory
      • Implement a robust quality control system to reduce defects
      • Negotiate better terms with suppliers for cost savings
      • Conduct regular performance reviews to identify areas for improvement
      • Set up key performance indicators (KPIs) to measure progress
    product-innovationmarket-expansionresearch-and-development-managermarketing-strategistsales-teamoperations-team
    Implement these strategies

    Strategies and tactics for integrating Activities for a Legacy of Faith and Impact

    • ⛳️ Strategy 1: Build a unified organisational structure

      • Define roles and responsibilities across all entities under Baruka Jethro Inc.
      • Create a clear communication plan for seamless interaction between divisions
      • Establish key performance indicators for each division to track progress
      • Implement regular inter-division meetings to promote knowledge sharing
      • Develop a shared vision and mission statement for Baruka Jethro Inc.
      • Utilise shared resources to optimise efficiency across divisions
      • Create an organisational chart to visualise the interconnected structure
      • Allocate budget for shared technology infrastructure and operational tools
      • Implement a centralised digital platform for collaboration and project management
      • Schedule quarterly reviews to evaluate integration progress and adjust strategies as needed

    • ⛳️ Strategy 2: Strengthen family and organisational bonds

      • Initiate weekly Bible studies and family night activities
      • Establish a digital communication platform for family updates and collaboration
      • Organise quarterly family meetings to discuss family business and shared goals
      • Develop a family mission statement and core values document
      • Create a family investment trust to consolidate and expand resources
      • Launch pilot projects for family business expansions, leveraging existing resources
      • Ensure children are involved in family business discussions and learning activities
      • Plan family retreats focused on spiritual growth and bonding
      • Build language and technology proficiency with designated family learning tools
      • Implement a family calendar for shared activities and personal growth tracking

    • ⛳️ Strategy 3: Leverage digital platforms and global networks

      • Expand the digital presence of Elmeleckraah Ministry through social media
      • Partner with global ministries to organise international evangelisation campaigns
      • Utilise digital tools for managing and expanding Guardian Wings Foundation programmes
      • Host webinars and online workshops to attract consulting clients internationally
      • Network with international organisations for potential consulting projects
      • Develop an investment platform for Azjeet to showcase innovative approaches
      • Utilise data-driven approaches to attract donors and partners for GWF
      • Engage with blockchain innovators for potential partnerships with Azjeet
      • Strengthen global branding efforts with a focus on interconnectedness
      • Implement digital impact tracking for donor engagement in GWF
    organisational-synergydigital-transformationproject-managercommunications-officerfamily-engagement-teamdigital-strategy-team
    Implement these strategies

    How to track your Innovation Manager strategies and tactics

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

    Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to keep your strategy agile – otherwise this is nothing more than a reporting exercise.

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

    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:

    Table of contents
    Copyright © 2024 Tability