Area of Focus:
- Tracking/reporting innovation activities – Risk mitigation, readiness, business unit alignment
- Generative and iterative portfolios – Establishing a process to effectively balance priorities
- Innovation priorities outside the core
- Smart risk management and risk transfer
- Is this incremental or transformative – market requirement
- Is it in line with the pace of innovation across the industry, readiness of the market to deliver consumer experience
- Will this drive efficiency, streamline the way to GTM
- Future proof innovation – technology, product
- Innovation does not alienate while upgrading, backward and forward compatibility
- Organic or inorganic approach to innovation, through acquisitions. Risks around data and IP
- Quality of innovation while catering to the customer
- Manage risk from product portfolio risk
- Ventures within organisations – manpower fluidity
- Regulation on innovation, standardization lacking