Innovation Management

Innovation Management

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Cut down the development time with drag-and-drop website builder. Drop the blocks into the page, edit content inline and publish - no technical skills required.

Choose from the large selection pre-made blocks - full-screen intro, bootstrap carousel, slider, responsive image gallery with, parallax scrolling, sticky header and more.

Innovation management is the systematic promotion of innovations in organisations. It includes tasks of planning, organization, management, control and sustain. Innovation management deals with all measures to promote innovation in organizations and to generate benefits.
The key areas of innovation are Product Innovation, Process Innovation and Business Model Innovation.

Product Innovation

Product innovation is the development of new products, changes in design of established products, or use of new materials or components in the manufacture of established products. product innovation can be divided into two categories of innovation: radical innovation which aims at developing a new product, and incremental innovation which aims at improving existing products. Successful innovative product would be in the sweet spot of being desirable to consumers / clients; technologically feasible and also be profitable (viable) as a business.

Innostar supports clients in identifying market gaps, define problems, ideation process, prototyping and testing of products and services. We walk with our clients and help them develop new and innovative product or services that stand out from competition and enable them to realise the full potential of the ideas.

Process Innovation

Process innovation is implementation of a new or significantly improved production or delivery method typically resulting in increased production levels and decrease in costs that helps an organization remain competitive and meet customer demands. Process innovation comes in the form of new processes or techniques, new equipment, or software. Process innovation happens when an organization solves an existing problem or performs an existing business process in a radically different way that generates something highly beneficial to those who perform the process, those who rely on the process or both.

Innostar supports clients to improve internal processes to identify ways to eliminate waste and to improve efficiency and quality to strengthen the company from inside or to save costs and improve profitability.

Business Model Innovation

A business model is a simplified representation of how an organisation generates value for its customers and itself (i.e. how the business makes money). It’s about delivering existing products that are produced by existing technologies to existing markets. The primary goal of business model innovation is to realize new revenue sources by improving product value and how products are delivered to customers.

We support clients in improving their existing business model or developing new business models to generate new sources of income.