Strategy

Product & Service Innovation Strategy

Identifying The Best Path To Develop Your New Products And Services

The market is always changing, and customers constantly expect new and improved products and services. Companies find it difficult to keep up with this constant demand for innovation. In many cases, companies do not possess the necessary expertise internally to determine how they could improve their products and services with emerging technologies.

CamIn will help you identify new technologies that you should plan to integrate. Our work can reduce your internal research and development time, as we provide detailed use cases demonstrating exactly how these new technologies can be integrated into your product and service lines, and how these technologies will provide new benefits to your customers.

94

The percentage of executives who said they are not satisfied with their company's innovation performance; however, few said they can identify their own program's problems.

60

The percentage of new products and services do not result in a positive impact on the business’ bottom line.

We work with our clients to avoid these common pitfalls of product and service innovation strategies:

  • Pitfalls
    Failure to spot relevant innovations developed in unfamiliar industries.
  • Pitfalls
    Inability to quickly identify how new technologies could be used to develop new, valuable products and services.
  • Pitfalls
    Lack of internal capability awareness and wanting to develop everything in-house.
  • Pitfalls
    Internal politics that prevents the company from grasping new opportunities.
We work with our clients to avoid these common pitfalls of product and service innovation strategies:
  • 1

    Identify business opportunities

    Confirm which new market segments are accessible and which new technologies will enable you to enter those markets.

  • 2

    Develop use cases and conduct feasibility assessments

    Confirm the process flow and business model that you need to capitalise on business opportunities

  • 3

    Identify product and service development requirements

    Confirm the set of skills and capabilities required to develop and operate the new product or service

  • 4

    Conduct internal gap analysis

    Confirm the missing capabilities and tools for product or service development and operation

  • 5

    Develop product & service innovation strategy

    Confirm which assets you will need to develop internally and which you will need to source externally to quickly capitalise on the opportunity

  • 6
  • 7

Our goals are to help you

Determine the most lucrative use cases for products or services based on new technologies
Determine the most lucrative use cases for products or services based on new technologies
Pursue the fastest development of new products or services
Pursue the fastest development of new products or services
Become and remain a leader in your industry
Become and remain a leader in your industry
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Client Case Studies

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Would you like to hear more about how this solution can help you solve your technology challenges and capitalise on game-changing opportunities ?

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