Formulating Innovation, Digital and Business Strategy (Innovation Strategy) entails working with organizations to guide and focus its creative improvement in the right direction. It governs how those innovation activities are managed and helps the organization roll out the results. Digital transformation helps to assess how the company should evolve to extract the most value from digital technologies and provide an informed decision for strategic business models.
Procept consultants would deliver a sound innovation, digital, and business strategy which would follow five phases of work, this is depicted by the diagram in the next slide.
The benefits of this practice are to:
- Scan and monitor the sources of innovation opportunity
- Improve productivity and reduce costs.
- Increase competitiveness.
- Improve brand recognition and value.
- Gain new partnerships and relationships.
- Increase turnover and improve profitability.
- Understand how digital technologies and business models are radically changing competitive dynamics across industries
- Understand how to become a much more agile organization and beat the competition
Our methodology for this service is depicted in the diagram below:
