Assignment: Impact of Strategy on Successful Innovation
Submit a 4- to 6-page evaluation of the role of business strategy in advancing innovation. Your evaluation must include the following:
· A brief description of your chosen business, including the organization's name, mission, and vision
· A detailed explanation that includes a response to the following questions:
o How did the company capitalize on the value of the business strategy process?
o What approaches would you recommend for this business seeking to enhance strategic innovation?
o What data would you leverage within a business strategy?
o How might you utilize business strategy to further innovation within this organization?
Note: Be sure to use the APA Course Paper Template (6th ed.),
Discussion- Business Strategy Formation Case Study- The Role of Innovation
To prepare for this Discussion, review the video case study featuring Walden alumnus Eric Barton and his organization BOBA, and consider his thoughts on the development of a business strategy and the role that innovation plays in doing so.
Further, consider the potential implications of adapting innovative business ideas like BOBA in different countries and industries throughout the world.
As a global change agent, be sure to utilize scholarly, peer-reviewed resources from the Walden Library to support your research.
Post an analysis of the role of innovation in business strategy development within a global context. Your analysis should include the following:
· A description of BOBA's innovation, including the underlying strategy and specific context for its current success
· An analysis of the impact of geographic location and surrounding business communities on innovation and strategy development
· As a global change agent, explain the importance of researching global implementation of innovative business ideas or strategies from the research literature.
Be sure to include relevant scholarly examples of successful or unsuccessful global implementations and how they can further influence the understanding of innovation as a component of business strategy.