Assess the current innovation process and develop protocol for the flow of ideas and data
Provide a forum for ideas to be generated, evaluated, and prioritized
Conduct market research to determine if innovation is incremental or disruptive
Product Analysis and Optimization
Conduct strategic reviews of current products and pipeline projects to assess their fit within the organization's strategic plan
Conduct capital and labor resource allocation analysis
Analyze the complete project to identify financial profitability and intangible benefits to ensure efficient deployment of capital and labor resources
Product/Project Post Mortem
Assess the successes and failures of past products/projects to incorporate the lessons learned into new products/projects
Improve product/project selection process with historical knowledge