Before you can start with your innovation management implementation you need to find out your capacity to implement it. Start with an innovation management assessment to find the GAP in order to successfully implement an Innovation Management System.
To set your Innovation Management Strategy you need to be connected to trends, context of your market, industry, environment and time to understand possibilities and capacities as user adoption and technologies continuously change.
Once the transformation capacity GAP and Innovation Management Strategy is done you need an action plan.
Once you have an action plan for the Innovation Management System you need to implement it to develop a systematic approach to an innovation portfolio development.
Understand the value creation that is done in-house vs out-sourced. What is the Return on Assets vs the Return on Leveraged Assets. Are you leveraging technology to accelerate your Return on Leveraged Assets enough to be competitive?
An innovation portfolio of different innovation projects that follows your strategy of risk-return. What is your exploring vs exploiting strategy to foster growth through innovation?
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