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Four Principles for Realizing Strategy with Innovation

In this audio podcast of the September 2021 research briefing, learn about four principles for realizing organizational strategy better and faster by ensuring that talent and funding go to initiatives with the greatest strategic impact.

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To realize organizational strategy better and faster, companies want the resources they have—people and funding—to go to those initiatives that are most likely to have the greatest strategic impact. Yet companies struggle to prioritize the initiatives in their portfolio, in large part because of what they don’t know about the initiatives. This briefing describes four principles MIT CISR believes all companies should follow to realize their strategy with innovation initiatives. We illustrate these principles using the experiences of BBVA, where executives created a single evidence-based investment process for the entire bank that evaluates and prioritizes more than two thousand initiatives every quarter. The process has enabled BBVA to significantly improve its capacity to learn from initiatives and to allocate talent to the most strategically promising ones.

SEE THE PRINT VERSION OF THE BRIEFING.

The September 2021 research briefing is read by co-author Nils Fonstad.

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Follow the research briefing podcast series on SoundCloud.

© 2021 MIT Sloan Center for Information Systems Research, Fonstad and Salonen. MIT CISR Research Briefings are published monthly to update the center's patrons and sponsors on current research projects.

About the Authors

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Nils O. Fonstad, Research Scientist, MIT Sloan Center for Information Systems Research (CISR)

E94-15th floor
(617) 253-2348
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Jukka Salonen, CISR Industry Research Fellow, MIT Sloan Center for Information Systems Research (CISR)

MIT SLOAN CENTER FOR INFORMATION SYSTEMS RESEARCH 

Founded in 1974 and grounded in the MIT tradition of rigorous field-based research, MIT CISR helps executives meet the challenge of leading dynamic, global, and information-intensive organizations. Through research, teaching, and events, the center stimulates interaction among scholars, students, and practitioners. More than ninety firms sponsor our work and participate in our consortium. 

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Massachusetts Institute of Technology
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