How Do You Manage Innovation Projects and Where Can You Learn More About Them?

 How Do You Manage Innovation Projects and Where Can You Learn More About Them?

Innovation can drive success, but it is often a costly endeavor that can involve just as much destruction as creation. Its success or failure defines the way your customers perceive you – as a pioneer and disruptor in the market or a business that loves to play safe.
While both approaches are valid, do you want to know the formula of making the innovation process less risky and profiting from it in the safest way possible? Read on to find out about the best ways to approach innovation and the place at which you can learn about them from the industry veterans.
Do you actually know what type of innovation you are looking for and does it have to be about technology at all? Yes, there several types of innovations you can go for: business innovation, technology innovation, industry model innovation etc. It does not have to be about AI and big data or current technological trends. Simply innovating your existing revenue model can go a long way in providing both you and your customers with value and that is all that matters at the end of the day.
Where do you start with innovations? The answer is easy: be it a technological or business model innovation, you start the innovation journey by taking the inventory of the assets you already have. Make a calculated and cool-headed analysis of the services and products you offer, your pricing and partnership models and pick out the fields that offer the most room for improvement with the lowest associated risk and rank them.
Should you focus on long-term or short-term goals? Looking for a quick win at the expense of planning for the future is the shortcut to ending your innovation project prematurely. However, if you are impatient, you can always focus on small scale goals as part of a larger one and enjoy them as a morale boost and the signs that your project is well-managed.
Who will be in charge of innovations? People tasked with delivering innovations are humans after all, and they are susceptible to rivalries and ego trips. Promote collaboration instead and you will be able to rid the innovation process of the unnecessary stress and hindrances that can be caused by personal differences.
These and many other topics will be given a professional treatment at Security Summit 2020 whose participants include numerous industry veterans that were actually in charge of innovation projects at their companies. They will present them as part of their case studies and you can even schedule a meeting with some of them! Register today and do not miss an opportunity to learn about managing innovations from the cream of the crop industry experts and build their experiences into the foundations of your innovation projects!

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