Business innovation process

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BUSINESS INNOVATION PROCESS
Design Thinking Approach

Idea selection Customer
feedback
pivot Customer
feedback
pivot
Need for business
innovation Product/
market fit

Focus:
define BM- Focus: define
Hackethon Build MVP
Hypothesis MVP
brainstorm

Tangible New
Business
Customer Development Prototype

Lean startup

Scale-up

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The economic downturn provides an excellent opportunity for organisations to exploit their idle resources to maximise their innovation efforts. This is the time for an organisation to assess their innovation capabilities and to reposition them for when the economic tides will change. This slideshow shares how to determine your innovation capability, and what to do in these times with regards to being innovative.

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