Our approach to Innovation Strategy Consulting
We strongly believe that innovation is the key factor behind the
success of every aspiring business today. With the combination of
proven methodologies and a growth mindset, our professional
consultants help organizations tap their hidden potential driving
their exponential growth through innovation. Our approach to
strategy and innovation consulting is deep-rooted in developing a
better understanding of the subjective challenges, business
objectives, and opportunities of the businesses. Our approach is a
six-stage process given below,
1. Discovery and evaluation
The beginning of our strategic consulting always goes through a
discovery phase where we take a deep dive into exploring and
understanding the existing situation of the organization. We
conduct extensive research by analyzing the existing company
database, conducting interviews & workshops to determine the
innovation opportunity, validate the innovation potential,
business processes, and customer needs.
2. Setting vision
Based on the insights collected at the discovery phase the second
step we take is to start working collaboratively with the
leadership team to create a vision for the innovation and set the
necessary objectives to achieve the overarching innovation goal.
3. Exploring & Identification of the innovation opportunities
We explore the different innovation opportunities aligned with the
strategic vision of the firm considering the market needs. We help
you to determine the right innovation opportunity be it for
product innovation new collaboration or market entry strategies
and develop by analysing the potential challenges and advantages
of each opportunity.
4. Ideation and evaluation
From the list of the identified innovation opportunities, we
conduct elaborate brainstorming sessions for the creative ideas to
be generated and we also assess potential ideas based on
parameters like viability, accessibility, and feasibility helping
to understand the strengths and weaknesses of the new ideas.
5. Strategy Development and implementation
We develop comprehensive a plan for the innovation strategy based
on a promising idea and further outline the details like
activities involved, timelines, resources, and budget constraints.
We also provide hands-on support while we implement the strategic
plans so that it is executed with excellence with minimal risks.
6. Measurement and Refinement
For an effective implementation of our strategic plan, we
establish vigorous measurement frameworks for tracking the
progress and impact of the innovation strategies. We regulate the
performance by setting key evaluation metrics, and employing a
feedback control system to enable continuous improvement within
the process.
