Learn how "innovation" is too generic for talent strategy, and see how to be more precise while walking through an example of Disney vs. Cedar Point. You need innovation, but strategic innovation is different for each.
- Is innovation one of your strategic goals?…It is in most strategies.…But the word innovation is so vague…that few employees really know how…to have their greatest impact on innovation.…Some employees might think that innovation…means sharing lots of wild suggestions for new products.…Others might think that innovation means…carefully studying consumer preferences…to modify existing products.…These are both valuable,…but they are not equally valuable for every strategy.…
A kitchen appliance maker may find very little value…in generating wild ideas, like zero-gravity refrigerators,…but find great value in generating…more ideas about selling the appliance…in new low-infrastructure regions…or embedding artificial intelligence to save energy.…In contrast, an auto maker might find great value…in ideas for zero-gravity cars.…Pivotal innovation varies with strategy.…And so do the pivotal talent…and organization elements that affect innovation.…
To execute on strategic goals like innovation,…your talent must know precisely…
- Arrange the questions of HR strategy in order of importance.
- Define “pivotal” within the context of the course.
- Identify three key questions that help clarify and focus organizational strategy.
- Define the term “bottleneck.”
- Name four characteristics a person might have that supports improved work performance.
- Explain the importance of an HR budget that aligns with HR strategy.
- Describe the three energy profiles and how they can be used to create a balance in HR strategy.