Answered: In Technology Innovation Change, what…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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In Technology Innovation Change, what is alignment and vision?

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The purpose of strategic planning aligning a company's mission with its vision. Without the mission and vision, the plan used to exist in a vacuum, as because the mission is the starting point to plan, the vision is the destination, and the strategic plan is the blueprint that helps in navigating from one to the other.

Having strategic alignment on an innovation project the opposite of performing “random acts of innovation.” That means that the organization has undertaken innovation following some specific goals in mind.

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