Innovation management is a focal point for many businesses today when they consider environmental, sustainability and governance challenges. Businesses are facing an extraordinary pace of change in technology, regulatory requirements and customer demands, the likes of which they have never experienced before. If innovation is not considered as a priority for the business, the company risks stagnant product or service offerings which could lead to disruption by new entrants.
In our view, the first step is to do an assessment of the organisation’s current innovation capability using our innovation framework, highlighting areas of risk and opportunities for improvement.
The outcomes from these eight lenses include a plan to deliver some or all of the following – Productivity & resource, revenue, profitability, competitiveness, sustainability & resilience, customer satisfaction, employee engagement, collaboration, compliance and reduce waste.
The innovation journey
Innovation management is about the process of managing new ideas, from ideation to taking action and making them become a reality with the objective of delivering specific values. Innovation management is a complex area that requires various elements of the business working in conjunction with each other to enable the development and execution of successful innovation strategies.
Our aim is to offer comprehensive and impact-oriented services to you that will address your innovation opportunities and support you throughout your innovation journey and help you better align your innovation activities to business strategies, accelerate your time to market, and also to maximise your return on investment.