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Innovation Solutions

[vc_row][vc_column][vc_column_text]If your organization is focused on adjacent, incremental or breakthrough technologies you will need a strong scouting team to get the work done. It all begins with budget planning and understanding your market. From there you can make the right decisions on the people, process and technology needed to succeed and ensure that the go to market is a success. In the Harvard Business Review article, Managing Your Innovation Portfolio, the data revealed that companies that allocated about 70% of their innovation activity to core initiatives, 20% to adjacent ones, and 10% to transformational ones outperformed their peers, typically realizing a P/E premium of 10% to 20%.[/vc_column_text][vc_empty_space][vc_column_text] 1. Hire a Dedicated Scouting Team: # of team members (2-5 people)   Building a scouting team requires a staff including a Product Manager/Portfolio Analyst, Innovation Manager, and a research team to perform the scouting functions needed to support the effort. We have researched these roles...

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Welcome to our “Technology Scouting Must Haves” mini blog post series. For years, businesses have had to perform Technology Scouting the same old way, with a long drawn-out, and very manual, process. Year-over-year, we talk to hundreds of R&D and Innovation experts across multiple industries and we want to share with you what we hear, time-and-time again. During this mini blog post series we’ll introduce common pain points experts talk about often. We’ll identify the technology scouting must haves and the new solutions that exist today....

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innovation solutions

Innovation can also come in the form of new types of services that offer improvements on old ways of doing things, meet previously unidentified needs or fill gaps in the market. More often, innovation solutions use technology to support and dispatch new services...

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