article thumbnail

Deepening the Thinking Around the Innovation Mandate – part two

Paul Hobcraft

Innovation Policy : An innovation policy provides guidance and direction for the innovation program, defining the types of innovation that will be pursued, how innovation projects will be prioritized, and how intellectual property will be managed. In any document, feedback and suggestions should be actively sought.

Policies 147
article thumbnail

Constructing the innovation mandate

Paul Hobcraft

We need to understand successful innovation actually touches all aspects of a business, by contributing to improving business processes, identifying new, often imaginative, ways to reduce costs, building out existing business models into new directions and value and discovering new ways and positioning into markets.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Digital transformation examples

Board of Innovation

2 Reasons: to accelerate the market and to make their technology the standard. Difference with ‘just an e-store’ is the creation of a totally new brand without any technical support.) This increases the company’s software product offerings, but it also enables the company to tap into previously inaccessible markets.

article thumbnail

Leveraging New Ventures for Innovation

Integrative Innovation

On the other hand, by engaging with established firms, a startup acquires capabilities to develop and scale their business, e.g. supply chain and production capacity, sales and marketing channels and last but not least an existing customer base. But what kind of engagment with new ventures should be pursued?