Milano 2-5 Maggio 2017. Strategie&Innovazione porta in Italia per la prima volta Stage-Gate international. Ecco di cosa si parlerà.
Creating Innovation Value: Four Key Drivers to Success
The ability to increase business value through innovation is a critical success driver for most organizations. The markets that we operate in provide both opportunity and risk from an innovation perspective as they are rapidly changing. This article takes a look at a useful framework; The Innovation Diamond™, that examines the complexity and addresses some of the challenges in product innovation.
Markets provide opportunities if we get it right and threats if we do not, particularly given the intense competitive nature of most industries. Our quest to realize innovation results is further complicated by the complexities involved for most firms – the sheer number of players to potentially coordinate with in the value chain; rising costs; margin erosion; increasing regulatory, customer and consumer demands; evolving business models; shorter cycle times; and new sources of competition, just to name a few.
The good news is that if you can get it right, you stand to gain a competitive advantage and will reap the benefits of increased revenue and profits.