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Innovation Management Consulting: What it actually means?
Innovation management consulting helps organisations create a repeatable engine for generating, prioritising and launching new products, services or business models. It usually covers idea capture, portfolio governance, stage-gate processes, external partnerships and metrics such as time-to-market or innovation ROI. Consultants also check that innovation is tied to strategy — solving real customer problems or opening new revenue pools — rather than being ad hoc experiments. This discipline is important for firms in competitive or tech-disrupted markets that must keep refreshing their offer. The result is more innovation, but also better-targeted innovation.
