Innovation Management

In order to become a market leader in today’s competitive global marketplace, commitment to innovation is one of the key factors. This is also true when protecting existing market shares since tomorrow’s revenue will not come from existing products but from new products.

Innovation Management is a collective practice of processes needed to manage innovation in a structured way. It covers the full life cycle of products and involves processes like Idea Management, Customer and Consumer Intelligence, Strategic Planning, New Product Development, Commercialization, Maintenance and Product Removal.

In order to sustain a high level of innovation, a structured approach and common understanding of the processes and goals is needed. This can be obtained with a set of tools where management and engineers can collaborate to follow best practices and measure progress.  Tools typically support process, portfolio and project management, resource management and consolidated KPI and management reporting.

Montel & Partners have successfully helped a number of large corporations to implement IT solutions for Innovation Management, and we partner with leading software vendors.