The Role of innavation

/in /by

BOBA – Business Owners Benefits Association (http://whyboba.com/)

Business Strategy Formation Case Study: The Role of Innovation

Innovation represents an opportunity for business professionals to
take their organizations to new levels and achieve further success. By
using innovative ideas to drive business strategy, leaders can more
effectively capitalize on existing strengths and opportunities. For
organizations like Business Owners Benefits Association, or BOBA,
innovation can come from a variety of sources, but each creates a
complex system of knowledge and success.

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.

By Day 3

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.

Be sure to support your work with a minimum of two specific citations from this week’s Learning Resources and at least one additional scholarly source. Include Reference: Styles, C., & Goddard, J. (2014). Spinning the wheel of strategic innovation. Business Strategy Review, 25(4), 76–80. doi:10.1111/j.1467-8616.2014.01130.x Dyer, J. H., Godfrey, P., Jensen, R., & Bryce, D. (2016). Strategic management: Concepts and tools for creating real world strategy. Hoboken, NJ: John Wiley & Sons.