Challenge
Our client had strategically reviewed their business model and identified an urgent need to develop a more structured approach to innovation management. Initially they approached us to provide innovation management training.
Innovation management and process development training
Approach
We proposed a series of training sessions in industry innovation management best practice, and delivered a monthly session. The first session saw the client decide on accelerating their new business model's implementation, meaning we needed to pivot to customise their innovation management process by developing a series of workshops to identify inefficiencies in their existing processes.
Following the workshops, we developed an innovation process tailored to their new business strategy and presented it to them through a newly identified opportunity from one of their engineers. This real example was used to demonstrate the new innovation management process. Oxentia also trained their engineers in how to perform market research and IP due diligence, so they can build a business case and de-risk their ideas/innovations.
Impact
We developed a bespoke innovation management process addressing our client's prioritised technology areas, promoting a genuine culture of innovation by ensuring their engineers can pursue ideas, take ownership to lead their projects, and have the knowledge to perform due diligence and de-risk projects. The management team can now track the system's efficiency, rapidly allocating resources to the most promising opportunities, and removing them from de-prioritised projects.
