Innovation Framework - MIT ID Innovation
                     Framework for 
Strategic Innovation
MITID Innovation
In today's world, "adapt or die" becomes a 
crucial approach for businesses' success. 
Therefore, innovation acts as a significant role 
in businesses as it helps in growth, keeps the 
business relevant, and helps businesses stand 
out with a unique personality. 
An organization needs a multidisciplinary 
and holistic framework that allows 
businesses to employ a strategic 
approach to innovation. Strategic 
Innovation is the development of new 
product categories, business models, 
growth strategies, and services that 
completely change the game and bring 
new values of innovation in 
entrepreneurship, consumers, and 
customers. 
To help you with creating a successful 
Innovation framework, we have 
mentioned 6 key steps that will help you 
create an Innovation Framework -
Create a Scalable Platform 
for Success
An Innovation framework is a scalable and 
worldwide platform developed to tackle 
your employees' creative skills and talents 
by residing in alignment and your corporate 
approach. Basically, it is a strategic 
procedure to bring innovation that offers a 
way to act on the latest ideas. 
Develop The Accurate 
Organizational Principles
A prime key to promote innovation in your 
company is to develop a category of 
innovation proficient's. These champions 
promote a solid transformation of ideas 
for big complications that can have 
adverse effects on the company. 
Captivate Your Company’s 
Employees
The true evaluation of any aspect is how 
others amazingly grasp and accept it or 
execute it well on their own. It is said that 
bringing the right people at the start can 
mean a better option for success in the 
end.  Well, it is the power of innovation 
for Employees. Therefore, it is essential to 
close the coupling of employees to the 
program's sustainability and success. 
Develop and Idea 
Management Tool
Idea Management tool performs a crucial 
role in the strategic innovation framework. It 
contributes a great helping hand for 
employees to participate and maintain 
transparency to the entire procedure. This 
tool also supports social collaborations with 
both subject matter experts and innovation 
experts to explore more potential resources 
and ideas. 
Keep a Sharp Eye on 
Targeted Innovation
Having an Innovation Framework also helps 
stakeholders to deal with several challenges 
and solve troubles. You can call it "Targeted 
Innovation." Whenever you begin your 
innovation framework, make use of targeted 
innovation to focus on improvements needed 
in existing products and services. It also 
helps to train employees on this latest new 
approach to innovation and collaborations. 
Organize the Backend of 
Innovation
Well, the screening procedure is made on 
the premise of lessening risk factors while 
offering incremental funding, recognition, 
and rewards ideas to proceed successfully. 
The prime goal behind it is to identify and 
execute highly-effective business ideas 
rapidly. 
Consequently, the strategic 
innovation framework's execution will 
prove highly beneficial and productive 
for the company's growth. It helps in 
boosting productivity, reducing costs, 
improving brand value, building new 
connections and partnerships, and most 
importantly in boosting the turnover 
rate. 
Innovation in Entrepreneurship enables 
you to solve troubles and offer creative 
ideas that allow you to observe things 
from a different perspective. 
Understanding and promoting 
an innovation culture and 
implementing innovation for 
employees in the business needs a 
visionary mindset. 
Imparting industry-centric knowledge and 
skills, MIT ID Innovation is one of the top 
design schools across the country that 
strives to transform raw talent into an 
asset that can create and design an 
unbeatable strategic innovation 
framework.
Conclusion
MIT ID Innovation Programme curates 
knowledge and experiences that 
challenge the very paradigm of evolution. 
And that's why we have set out to define 
the future of industries, communities, 
cities and ecosystems. MIT ID Innovation 
offers the best Innovation Courses and 
Design Thinking.
We’d love to 
hear
from you.
MIT INSTITUTE OF DESIGN
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9834092369
[email protected]
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