24-28 Brockenhurst Road,
Ascot, SL5 9DL, UK
Enabling Business Growth Through Innovation
Innovation Advisory
Future-focused innovation strategy to help organisations achieve their goals
Innovation Advisory
In an increasingly competitive landscape, innovation plays a key role in determining the growth and success of a company.
Innovation is widely recognised and accepted as key to the growth of a knowledge economy and enables businesses to compete effectively in an increasingly competitive global environment.
An effective management of the innovation process is paramount to the long-term success of a project. Companies have to determine which innovation efforts are on the road to payback, and which are destined to become "cash traps".
Our services are aimed at ensuring that various aspects of the innovation process are managed or measured to maximise the company value.
King’s Award for Innovation and Sustainability
The King’s Awards for Enterprise are the UK’s most prestigious enterprise awards. Companies based in the UK can apply for King’s Award for Enterprise in one or more of the three categories: innovation, sustainable development and international trade.
Focusing primarily on innovation and sustainable development, our advisory service provides clients with the necessary tools and assistance required to identify, validate and apply for the award.
Innovation Strategy
Given the importance of innovation, it is no surprise that innovation strategy plays a crucial role in the assessment of business competitiveness and economic performance. In a global economy, the catalysts for domestic R&D work may not emanate from that particular location. In a number of cases, multinationals spread their R&D around the globe and evaluate incentives on a centralised basis.
Our work in this area relates to the review and analysis of developing a concept or product in terms of technological, financial, market share etc. This also involves the analysis of innovation processes together with functional productivity, as well as the alignment of strategies and business goals.
Benchmarking
As with financial reporting, benchmarks are used by companies to assess its innovation capabilities compared to other companies in the same market. It is also used as a management reporting tool to key stakeholders, to demonstrate the company's competitiveness.
Unfortunately, most benchmarks rely on past data, such as revenue margins or patents/year etc. and are not always a good indicator of the company's future potential. However, techniques such as predictive measurement to generate “forward-looking” indicators can enable a better forecasting of innovation payback.
Our methodology, developed in collaboration with UK government departments, can help to identify future impact of current competitive activities in terms of the company's overall innovation strategies.
Innovation Risk Management
Successful organisations depend on successful delivery of projects and programs – either as part of their delivery business or to achieve a greater vision. Getting risk management wrong often means poor performance, wasted investment and unrealised ambition.
It is not simply a matter of more process or methodology – a company has to tune its approach accordingly. Our risk management solutions go beyond the methodology to balance ambition and ability.
Our focus here is to identify the cost of potential failure at different stages of a project and putting in place mechanisms to mitigate against these potential failures and to minimise cost of project setbacks.