Chapter 4 - Strategy Design as a Stage-Gate-Process

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11 Terms

1
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How can Strategy Design be defined as well?

as a Stage Gate Process

2
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Why was the Stage Gate Process developed in the first place?

to optimize innovation and product development processes

3
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What do Stage Gates & Strategy Design Innovation do?

move from

generate ideas → select ideas → implement ideas → develop business

4
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What is an example model for the first stage generate ideas?

Value proposition canvas

5
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What is an example model for the second stage select ideas?

Business Model Canvas

6
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What is an example model for the third stage implement ideas?

Strategy Design Toolbox

7
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What is an example model for the fourth stage develop business?

Strategy Design Innovation

8
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What is Strategy Design Innovation (SDI)?

concept that focuses on how organizations can quickly respond to new needs, evolving technologies, and changing markets

9
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How does SDI encourage innovation?

By experimenting in small loops → investing a little, learning a lot, and repeating the cycle

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What kind of mindset does SDI promote?

creative and iterative mindset, where organizations test, learn, and adapt continuously

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Why is SDI important in modern business?

Because markets and technologies are changing fast → static strategies can’t keep up