A Simple Tool You Need to Manage Innovation
Harvard Business Review
MAY 31, 2012
Igor Ansoff to help companies allocate funds among growth initiatives. Ansoff's matrix clarified the notion that tactics should differ according to whether a firm was launching a new product, entering a new market, or both. Our version replaces Ansoff's binary choices of product and market (old versus new) with a range of values. Management knows it and so does Wall Street: The year-to-year viability of a company depends on its ability to innovate.