BOBA – Business Owners Benefits Association (http://whyboba.com/)Business Strategy Formation Case Study: The Role of Innovation Innovation represents an opportunity for business professionals totake their organizations to new levels and achieve further success. Byusing innovative ideas to drive business strategy, leaders can moreeffectively capitalize on existing strengths and opportunities. Fororganizations like Business Owners Benefits Association, or BOBA,innovation can come from a variety of sources, but each creates acomplex system of knowledge and success. To prepare for this Discussion,review the video case study featuring Walden alumnus Eric Barton and hisorganization BOBA, and consider his thoughts on the development of abusiness strategy and the role that innovation plays in doing so.Further, consider the potential implications of adapting innovativebusiness ideas like BOBA in different countries and industriesthroughout the world. As a global change agent, be sure to utilizescholarly, peer-reviewed resources from the Walden Library to supportyour research. By Day 3 Post an analysis of the role of innovation inbusiness strategy development within a global context. Your analysisshould include the following: A description of BOBA’s innovation, including the underlying strategy and specific context for its current successAn analysis of the impact of geographic location and surrounding business communities on innovation and strategy developmentAs a global change agent, explain the importance of researchingglobal implementation of innovative business ideas or strategies fromthe research literature. Be sure to include relevant scholarly examplesof successful or unsuccessful global implementations and how they canfurther influence the understanding of innovation as a component ofbusiness strategy. Be sure to support your work with a minimum of two specific citations from this week’s Learning Resources and at least one additional scholarly source. Include Reference: Styles, C., & Goddard, J. (2014). Spinning the wheel of strategic innovation. Business Strategy Review, 25(4), 76–80. doi:10.1111/j.1467-8616.2014.01130.x Dyer, J. H., Godfrey, P., Jensen, R., & Bryce, D. (2016). Strategic management: Concepts and tools for creating real world strategy. Hoboken, NJ: John Wiley & Sons.
