Background
As an innovative management consultant you have been approached by an organisation called Pint Energy. Due to the current booming state of the UK economy, Pint Energy is looking to inject a couple of products and services to their existing portfolio to drive growth. Thus, Pint Energy has asked you to design and implement a strategic innovation framework.
Assignment Task
Critically evaluate and use the seven dimensions within a strategic innovation framework to produce a portfolio of outcomes that will drive growth for Pint Energy.
Steps to answer the Coursework
7 Dimesions within a strategic innovation Framework are
1. A managed innovation process
2. Strategic Alignment
3. Industry Foresight
4. Consumer/customer insight
5. Core technologies and competencies
6. Organizational readiness
7. Disciplined Implementation.
Use this listed strategic innovation framework to produce a portfolio of outcomes that will drive growth for this company (Pint Energy)
STRUCTURE OF THE COURESEWORK
1. Introduction
2. Talk a bit about innovation and Invention
3. Talk about the Strategic Innovation
-Introduction of Pint Energy( benchmark using any Energy Company or any Oil and Gas Company)
-Use the 7 Dimension Strategic Innovation Framework to analysis (Use Diagram)
-Talk about the Internal and External enviroment.
-Use BCG to compare with 7 dimension and give reason to the result.
-Talk about Pestle
Points to note:
1. Understand the product that the organization has
2. Identify the competitors for a specific product
3. Look at the framework(strategic) and compare with other framework
4. Use BCG Matrix
5. All referenced.... use the Havard Reference
Pint Energy does not exist, so use any other energy or oil and gas company to talk about it.