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Building long-term success - Coggle Diagram
Building long-term success
Time scale for innovation
Business incubators
Start-up accelerators
Time frame
Medium-term
Long-term
Short-term
Cycles of innovation
Product life cycle
Virtuous + vicious cycle
Business cycle
Change management
Set of tools that help to control a change, It is a long term approach. (Budgets, training, external consultants, etc...)
People associated with innovation Everett Rogers "Diffusion of innovation" (1962)
Early majority
Early adopters
Late majority
Innovators
Laggards
Steps process (Kotler, 1996)
Empower employees
Generate short-term wins
Communicate the change vision
Consolidate gains and produce more change
Develop vision and strategy
Anchor new approaches sin the culture
Create the guiding coalition
Sens of urgency
Change leaderships
Urgency for a change, short-term approach. Is less controlled than change management
Ten ways of creating shareholder value (Alfred Rappaport, 1986)
Focus on value more than in earnings
Strategic decision to maximise value
Make acquisitions that maximise value