Practical sheet | REF: FIC1283 V1

Identify endogenous factors in the innovation process

Author: Jean DAUVERGNE

Publication date: June 10, 2014 | Lire en français

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 INTRODUCTION

A company wishing to adopt an innovation strategy must first identify its strengths and weaknesses, and then compare them with the resources needed to bring new products and/or services to market.

This is the second phase in the innovation process, and completes the "high-level functional definition" (HLFD). It involves drawing up an uncompromising self-portrait:

  • the perimeter of its field of activity,

  • of its current products/services and processes,

as well as

  • skills assessment.

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Identify endogenous factors in the innovation process