Innovation Strategy
Many organizations have business strategies that depend upon growth from innovation but often don’t articulate how much of that growth should come from innovation and what forms it needs to take. An effective innovation strategy formally defines how innovation will contribute to business growth and provides a roadmap to keep the focus on executing successfully.
We work with clients to develop innovative strategies that reinvigorate core businesses and create brand-new sources of growth. This means translating business objectives into specific goals, directions, and metrics for innovation.
Driving Business Growth
We help our clients build a view of the future, and define “where to play” and “how to win” with innovation – with an eye toward execution. We work with you to define and drive alignment around the goals, resources, capabilities, and portfolio objectives to operationalize the strategy. Our approach is designed to provide a continuous feedback loop so that you’re able to adjust your innovation strategy based on in-market results and new insights, allowing you to adapt more quickly in today’s rapidly evolving marketplace.
We work with business leaders to develop and drive alignment on each component of innovation strategy, including:
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Growth goals
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Internal vs. external needs
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R&D spend across core, platform and new growth horizons
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Portfolio objectives and priorities to operationalize the innovation strategy
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Investment allocation
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Risk profile
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Resource allocation and execution capability needs
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Long-term capability and resource needs
ENDER-IT
Driving innovation through SAP technology.