D081 INNOVATIVE AND STRATEGIC
THINKING
Initiativebg-bgAnbgorganizationalbgprioritybgthatbgidentifiesbgabgdirectionbgorbgstrategicbgareabgofbgfocus.
Iterativebg-bgRepeatedbgcyclesbgthatbgincreasinglybgapproachbgthebgdesiredbgresult.
Innovationbg-bgProcessbgofbgdevelopingbgandbgimplementingbgabgnewbgproduct/
processbgthatbgdeliversbgvaluebgtobgusers/customers.
Creativitybg-bgGenerationbgofbgnovelbgorbguniquebgideas.
CriticalbgThinkingbg-bgDisciplinesbgprocessbgofbgrational,bgevidenced-based,bgandbgopen-
mindedbgthinkingbgthatbginvolvesbganalysisbgandbgevaluationbgofbginputsbgtobgreachbganbganswer.
Marketbgsharebg-
bgThebgpercentagebgofbgsalesbginbgabgmarketbgcontrolledbgbybgabgparticularbgcompanybgorbgproduct.
Customerbgvaluebg-
bgThebgbenefitbg(vs.bgcost)bgabgcustomerbgreceivesbgfrombgabgproductbgorbgservicebgoffering.
Productbginnovationsbg-bgNewbgorbgimprovedbggoods/servicesbgofferedbgtobgthebgmarket.
Processbginnovationsbg-
bgNewbgorbgimprovedbgwaysbgofbgconductingbgbusiness,bgsuchbgasbgthebgapplicationbgofbgnewbgtechnolo
gy,bgproductionbgtechniques,bgorbgdistributionbgmethods.
THINKING
Initiativebg-bgAnbgorganizationalbgprioritybgthatbgidentifiesbgabgdirectionbgorbgstrategicbgareabgofbgfocus.
Iterativebg-bgRepeatedbgcyclesbgthatbgincreasinglybgapproachbgthebgdesiredbgresult.
Innovationbg-bgProcessbgofbgdevelopingbgandbgimplementingbgabgnewbgproduct/
processbgthatbgdeliversbgvaluebgtobgusers/customers.
Creativitybg-bgGenerationbgofbgnovelbgorbguniquebgideas.
CriticalbgThinkingbg-bgDisciplinesbgprocessbgofbgrational,bgevidenced-based,bgandbgopen-
mindedbgthinkingbgthatbginvolvesbganalysisbgandbgevaluationbgofbginputsbgtobgreachbganbganswer.
Marketbgsharebg-
bgThebgpercentagebgofbgsalesbginbgabgmarketbgcontrolledbgbybgabgparticularbgcompanybgorbgproduct.
Customerbgvaluebg-
bgThebgbenefitbg(vs.bgcost)bgabgcustomerbgreceivesbgfrombgabgproductbgorbgservicebgoffering.
Productbginnovationsbg-bgNewbgorbgimprovedbggoods/servicesbgofferedbgtobgthebgmarket.
Processbginnovationsbg-
bgNewbgorbgimprovedbgwaysbgofbgconductingbgbusiness,bgsuchbgasbgthebgapplicationbgofbgnewbgtechnolo
gy,bgproductionbgtechniques,bgorbgdistributionbgmethods.