11.9 Key Terms

Balanced innovation portfolio is a combination of core, adjacent, and transformative innovation initiatives.

Innovative culture is a work environment that fosters and rewards employee creativity instead of focusing on deadlines and revenue.

Innovation Strategy is about mapping an organization’s mission, vision, and value proposition for defined customer markets.

Innovation Council evaluates ideas and allocates funding.

Organizational change is the movement of an organization from one state of affairs to another.

Organizational structure is a way or method by which organizational activities are divided, organized, and coordinated.

Refreezing involves ensuring that change becomes permanent and the new habits, rules, or procedures become the norm.

Unfreezing refers to ensuring that organizational members are ready for and receptive to change.