Innovation Strategy

The Opportunity & Path the Innovative Solution

Innovation Strategy focuses on two key objectives, identify opportunities for innovation and defining the plan for capitalizing on them. Taking into account factors such as an organizations innovation capabilities & core competencies, overall company strategy, resources for investment, tolerance for risk and other relevant organizational factors.  

Opportunities are evaluated on a series of dimensions which include but not limited to:

  • Technical constraints & obstacles to realize ideas
  • Technology Scouting
  • Barriers preventing others from replicating ideas
  • Degree of uniqueness in the marketplace
  • Niche vs. mass market
  • Potential ROI
  • Competing Solutions
  • Assumptions & Risk Factors
  • Opportunity Prioritization
  • High-Level Technology Requirements