The fortunes of corporations and businesses have revolved around their ability to drive new product and/or service development, exploit new technologies, and improve processes.  These activities can be encapsulated in the concept of innovation or corporate reinvention.  Two fundamental competencies must be infused into an organization to ensure a climate of innovation.  Strategic Innovation The art of strategic innovation centers around identifying opportunities in four key areas, and Beta Strategy can help you identify them: Structuring unique and beneficial collaborations  Creating disruptive product and/or service innovations for key markets Designing solutions to business problems that reduce costs and/or improve revenue  Redefining business models that change supply chains, business processes and customer access  Continuous Innovation Ensuring a constant stream of ideas and innovating requires a continuous focus on capturing the leading intellectual capital within your organization.  To do so, a significant amount of training is required to embed key processes into your business units.  These processes include: Best practices creation, idea funnel management, and niche design Active idea capture & innovation process workflow  Management of operational metrics for accountability through reporting and monitoring  Beta offers unique software and training services to aid your organization in building continuous opportunities for innovation.  If you are an executive of a large corporation or the owner of a small to midsized company, we encourage you to look at our Entrepreneur and Executive Programs.