Strategy and Innovation Challenges to Post-Pandemic Resilience

Abstract

This chapter chronicles the various issues and challenges organizations face when developing and implementing strategies to foster innovation. The concept encompasses the difficulties and complexities associated with devising plans and executing them to create new products, services, processes, or models. Addressing the identified challenges requires a combination of strategic planning, a supportive organizational culture, the right leadership, effective processes, a commitment to fostering a culture of innovation, continuous learning and adaptation, seeking external expertise, and staying agile in the face of evolving circumstances. Successful organizations are those that can navigate these challenges to drive sustainable innovation and remain competitive in their respective market.