Innovation within a business is not just about generating creative business ideas. It is also about reviewing ideas in order to identify those which are most likely to become successful innovations and then measuring their impact.
A key output of any innovation project is its lasting influence on your business so measuring its impact is an important step in the process. This can be as simple as measuring your project's success and return on investment, through to predicting potential growth trajectories for new ideas to help you choose the right one.
How can we help?
Aimed at businesses wanting to understand and measure the impact of their innovation to better inform their strategy, this bespoke support could help you to:
- Building innovation into strategy and new product roadmaps
- Understanding strategic measures to identify innovation impact
- Building on your organisational strategy to remove barriers to growth and further innovation
- Review and mapping of your current processes to understand where efficiencies are possible
- Development of a plan to introduce efficiencies within your innovation processes and measure the results
What our clients say about us:
We needed to know that people who viewed the product understood what we were talking about and what we were offering. The coaching support we received from Innovate UK Business Growth helped us take a step back and understand how we look from the outside.
Have a question? Contact the innovation team today!
Learn how else Innovate UK Business Growth can support your business