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Innovation Strategy Framework

   

Added on  2020-01-07

7 Pages1980 Words164 Views
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Innovation ManagementConsultancy
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Table of ContentsINTRODUCTION...........................................................................................................................1SEVEN DIMENSIONS WITHIN A STRATEGIC INNOVATION FRAMEWORK...................1CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
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INTRODUCTIONStrategic innovation framework is considered as the strategy that helps in creatingapproaches to the business innovation with traditional consulting methods. It also helps inmotivating cross functional areas developed by the team in regard to lead the business towardsprofitability. Moreover, business also focuses upon guiding the change agents and principles thathelps in identifying new revenue streams in regard to create a breakthrough growth strategies andthus attain desired results (Andriopoulos and Dawson, 2009). In the current report, UK economyis considered at the booming stage and therefore, it is essential for businesses such as PintEnergy to focus upon involving different innovative products or services in market and improveits current product portfolio. It also enhance consumer attraction towards business and ultimatelyincreases the sales of firm. Being a innovative management consultant it is essential for businessto design effective strategic innovation framework so that 7 dimensions that helps in producingportfolio of outcomes which will drive growth for Pint Energy.SEVEN DIMENSIONS WITHIN A STRATEGIC INNOVATIONFRAMEWORKA Managed Innovation Process- It is essential for innovative consultant to address therelationship between invention and innovation so that appropriate results can be attained.Also, it is essential for business to carry out effective innovation strategy which wouldhelp firm to achieve growth within the industry and thus implement successful outcomeswithin firm. Pint Energy aims to implement effective innovation strategy that wouldresult them to achieve desired results and thus utilise the methods to improve its successin the market (Bass and Riggio, 2006). As the UK market is on boom and thus it helpsfirm to introduce different products or services and add them within the product portfolioand attain customer satisfaction. It also helps business to implement innovative strategyi.e. both traditional and non traditional which helps in achieving set results. There aredifferent traditional and non traditional approaches to business strategy and thus considerthe needs of firm in regard to improve the innovation process which is being carried outeffectively and efficiently (Bass and Riggio, 2005). Also, different models of innovationis being used in relation to utilise how the growth and success can be attained. With the1
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