
Your business
doesn't
need to be innovative to succeed, although
an innovative
business will generate larger profits and
its
customers
will become more loyal. The first step to
becoming
a more innovative organisation
is to prepare
a plan of action for improving
the way you develop, manage and market your products
and services.
So..
innovation is good; good to think about, good to
talk about, but not so easy to achieve. Innovation
demands that everyone within an organisation must
know what’s happening, what’s to be
done and how to do it (as a united front).
This
is, in effect, whole-business evolution, and as
such, business processes and methodologies must
be re-worked. Although beneficial to the business
in the longer term, to be fully effective, this
approach requires significant short-term commitment
and resource. Securing this commitment is a very
common barrier to innovation.
Innovation
Police offer 'Proposition Recycling', a highly effective
alternative to larger-scale innovation. It can be
described as; a rapid deployment of focused innovation,
aimed squarely at the profitability of existing
products and services.
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Essentially,
Innovation Police re-evaluate and re-work components
of a product portfolio, the aim being to create
new products, and enhance older ones, so to target
new and existing customers in more appealing and
profitable ways.
In
recent 'lean' times, the cost of developing new
products has come under close scrutiny; as a result,
comprehensive product innovation is one objective
rarely accomplished. Yet the demand for more innovative
and feature-rich offerings continues to grow.
'Proposition
Recycling' is a cunning approach to business innovation;
offering great results in a short period of time,
and because of a prior understanding and awareness
of the products that form the basis of new products,
this approach has the benefit of having a low impact
on business resource.
‘Proposition
Recycling’ comprises a powerful methodology
for exploring and enhancing the value of products.
Our independent consultants work closely with your
product development, management and marketing functions,
breathing new life, value and relevance into your
product portfolio. |