How to Spot Innovation Opportunities

How to Spot Innovation Opportunities

To ensure long-term survival in the face of disruptive innovations, companies must focus on finding their own innovative power by identifying opportunity spaces for growth and development. This process involves a comprehensive innovation management approach that defines a company's business domain and considers the potential for disruptive innovation, relevance for the target market, and related trends and technologies. Corporate foresight and environmental scanning within and outside the company are essential components of this process. Finally, software-supported data mining tools enhance the discovery and design of an innovation field and prepare the ground for innovative strength.

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More Innovation Resources:

Digital Transformation won't help you innovate.

Digital Transformation is not the answer to innovation. Value Evolution, focusing on gradual improvements to add value to customers, is a better approach.

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Dealing with Change Requests and Issue Management

Change in a project is inevitable, but having an evaluation process and a set of guidelines can help project managers handle it effectively. A SaaS PM solution such as Planview AdaptiveWork can streamline change and issue processes.

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Innovation Maturity Matrix – A Model to Successful Innovation Transformation

Transforming a business to become more innovative is difficult, but necessary for survival. In this article, the authors share lessons from their experience and introduce a new tool for organizations to use - an Innovation Maturity Matrix.

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