The Innovation Factory

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INNOVATION FROM OPPORTUNITY TO VALUE CREATION AND CONTINUOUS IMPROVEMENT

Innovation is a strategic system that includes interrelated actions to make it recurring, reduce risks, manage uncertainty and maximize results. It begins with the identification of strategic opportunities and culminates in the creation of value and financial results.

We must first discover the strategic opportunities derived from the organization’s strategic objectives and intentions.

Innovation teams then develop strategic opportunities, turning them into ideas, concepts, and solutions.

Then we must validate and enrich the solutions with clients, internal experts and ecosystems (open innovation), until describing and proposing projects for the innovation portfolio.

Now we must evaluate, categorize, balance and prioritize the portfolio of innovation projects that we will execute.

Then we will execute the portfolio of innovation projects, for which we will develop proofs of concept, pilot tests, development and deployment to the market through controlled scalability.

We now measure and evaluate the value created (balance of value) for customers, the organization, ecosystem partners, the community, the environment, employees, and other stakeholders.

Finally, we are continually adjusting the strategy and the project portfolio in the face of context changes (resilience and agility). We also evaluate the innovation system and its impacts, looking for opportunities for improvement.

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