Scenario:
You work for a consulting company in the medical industry as the new Vice President of Innovation and
Growth. In your new role, your purpose is the following:
Lead and test, through trials and refinement, new business partnerships to drive corporate and customer
value towards revenue generating solutions.
Initiate, develop, and mature strategic partnerships across business models and in the global economy.
Develop and pioneer new digital capabilities that enhance the user experience to drive better outcomes and
cost savings.
Facilitate corporate-wide collaboration, experimentation, and investment in innovative new ideas.
Focus on the transformational shifts in the existing business model, current processes, and capabilities to
drive operational efficiency and market differentiation.
Lead growth and innovation initiatives aimed at disrupting and transforming the business using data analytics and new technologies to transform the current business model.
In reviewing your current purpose as VP of Innovation and Growth, you noticed the first thing missing is an
innovation planning toolkit to help with the innovation process.
Instructions:
In a Microsoft Word document, create an innovation planning toolkit that includes the following:
Introduce the purpose of the innovation planning toolkit
comprehensive Discussion around the reasons for change and innovation in organizations
Determine what planning needs to take place in order to facilitate the change for the organization- comprehensive plan needed
Discuss various comprehensive technologies and tools that could be used to enhance the innovation process
Differentiate how global and domestic innovations impact the organization- comprehensive discussion-
comprehensive sicussion of how R&D can be used to foster innovation
comprehensive Discussion of ethical issues of innovation
comprehensive Conclusion
3 Credible resources used for the toolkit-
