Innovation strategy (and ecosystem that supports the innovation)

Innovation strategy

Implementation of the innovation strategy requires organizational and operational support

Implementation of the innovation strategy requires organizational and operational support

Taking into account the scale of how techniques and technologies are evolving, each enterprise needs to define its innovation strategy that is directly linked with its business strategy. Its purpose is to determine what kind of innovations needs to be obtained, developed and implemented within the organization.

KPMG has developed a structured approach to the development of the innovation strategy, aimed at its quick and efficient implementation.

We help our clients to find the answers to key strategic questions:

  • What are our business goals when it comes to innovation? 
  • What innovations will assist on achieving the goals of the business strategy?
  • Should we imply innovation models inside or outside of the organization?
  • How to perform selection of innovative projects? 
  • What selection criteria for innovative projects should we use? 
  • How to develop innovation ecosystem that is adjusted to our needs and supports the management of innovation?
  • How to build organizational culture that supports innovation and efficiently engage employees to innovative activities? 
  • How to manage execution of innovative projects? 
  • How to measure the efficiency of innovative activities? 

A typical product of the innovation strategy advisory work is a document that describes the innovation strategy and assumptions towards the development of ecosystem that supports management of innovation within the organization.

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