GInI Innovation Strategy Cycle (InSC)
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GInI Innovation Strategy Cycle (InSC) - A cyclical process reflecting the six (6) key steps an organization must take to define and execute an effective Innovation Strategy. These six (6) steps are: Strategy Framing, which draws from the Corporate Strategy to define a skeletal Innovation Strategy; Opportunity Scouting, which finds and qualifies appropriate need-based opportunities to pursue; Solution Definition, which conceives appropriate solutions to each need; Opportunity Scoping, which sizes each opportunity to ensure scope appropriate to the business; Opportunity Justification, which packages and presents each opportunity to decision-makers; and Portfolio Conversion, in which decision-makers convert select solution concepts into real innovation projects for funding and implementation, defining the business' active Innovation Portfolio. Certain innovations go on to be developed and launched, and many succeed in growing and scaling into large business operations, ensuring the organization's ongoing relevance and long-term resilience. This process is cyclical and is thus repeated on a continuous basis.