Innovation Report: Short-Term, Long-Term Strategies and Analysis
VerifiedAdded on 2020/04/07
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Report
AI Summary
This report provides a comprehensive analysis of innovation strategies for business development. It explores both short-term and long-term approaches, including mission, vision, objectives, goals, strategies, and tactics. The report delves into cost-benefit analysis methodologies, essential for evaluating the financial implications of various strategies. It also examines the use of Minimum Viable Product (MVP) and product roadmaps, specifically in the context of Virtual Reality (VR) and Augmented Reality (AR) applications. The report covers hypothesis validation and includes a detailed breakdown of the steps involved in cost-benefit analysis. The document highlights the importance of market research, feature prioritization, and partner selection in developing an MVP. The report concludes with recommendations for effective implementation and strategic decision-making, offering valuable insights for businesses aiming to thrive in a competitive market.