Core Business Innovation

New product/service development to support the core business is a company’s engine for sustainable growth.

The advantages that come from consistently developing winning products or services are substantial and separate industry leaders from laggards. Effective product development results in:

• Superior, customer-driven products and services
• Faster time to market
• Faster reaction to market and technology changes
• Lower development costs
• Increased revenue and profitability

Building Core Innovation Capabilities

×

Venture2’s approach to accelerating core innovation capability combines entrepreneurial methods with extensive experience and knowledge of product development leading practices. Using our proven product development framework, we are able to quickly identify and close capability gaps across key process elements. Our approach goes well beyond standard phase gate methodologies. We view product development as a highly integrated, cross-functional discipline in which processes, organizational structures, development activities, decision making mechanisms, and enabling tools work together as a system. Mastering these elements enables step function improvement in delivery performance.

Venture2’s core innovation services include:

• Benchmarking against industry leading practices
• Diagnosing performance problems
• Designing and implementing processes for faster time-to-market
• Organizing and training high performance project teams
• Installing governance mechanisms for investment decision-making and development pipeline management
• Developing customer insights & translating into winning solutions
• Optimizing product launch strategy, planning, and execution
• Defining and implementing processes for technology development
• Defining and implementing recovery plans for floundering projects
• Implementing tools that enable project management, resource management, idea management, and investment decision making