Download and customize hundreds of business templates for free
Some of the rules for successful innovation in less affluent markets include understanding the needs and wants of the target market, creating products that are affordable and provide value for money, and innovating in a way that fills a need for the masses.
Question was asked on:
Most innovation efforts focus on creating the most profitable results or appealing to affluent markets. However, there is a large market for inexpensive products driven by customers who are looking for more value for their money. The real opportunities in innovation are the ones that create affordability and fill a need for the masses.
Asked on the following book summary:
Innovation is more than creativity; it is a process that is structured, with rules and best practices. This summary gives you some of the key takeaway...
Download and customize hundreds of business templates for free
Stay ahead of the curve and introduce new strategies, structures, culture, and capabilities to your team with our Innovation Management presentation. This deck includes techniques and frameworks that can help you nurture game-changing concepts into realistic practices.
Without adequate innovation, you risk falling behind in even what you do well. So how can an organization ensure its business transformation endeavors pushes the right boundaries and bring in the desired ROI? Our Innovation and Transformation deck highlights tools to ideate and carry out innovations the right way, including innovation ambition matrix, the Kubler-Ross Change Model curve, SCAMPER Mind Map, Maturity Assessment Scoreboards, and many more.
How do you unparse complex problems with a clear and logical mind? With the right frameworks and mental models, you can confidently guide any organization or client through periods of change. Our Consulting Frameworks for Innovation deck reviews problem-solving models that foster not only creative ideas but also structured thinking. From Minto’s Pyramid Principle, to Blue Ocean Strategy, Accelerating Diffusion of Innovation, McKinsey’s Three Horizons, SIPOC New Product Introduction Process, and more, these battle-tested tools have been used to solve some of the complicated issues in the business world.
Why do so many perfectly managed companies fail? Inspired by the seminal work of author Clayton Christensen, this deck provides the solutions to the “innovator’s dilemma” that can make or break your upcoming initiatives.