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Innovation ManagementStrategies for Building the What is strategy?

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Innovation ManagementStrategies for Building the FranchiseIdentifyOpportunitiesR&D portfoliomgmtDesign &DevelopmentLaunch§  Anticipate customerneeds§  Identifiy newopportunities§  Ensure that ideasflow§  Choose & managemix of projects§  Extend products tonew applications§  collaborate§  Manage productsthroughdevelopment stages§  Reducedevelopment cycletime§  Reducedevelopment costs§  Reuse what otherparts of thecompany havealready learned§  Ramp-up time§  Production cost,quality, cycle time§  Achieve initial salesgoals§  Reduce time tomarketVersion 3.2 March 201168 © Marc Sniukas

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