English
Sinhala
TamilThe Cell of Innovation Appetite address innovation and risk appetite. The invention means creating something novel. Innovation means creating something novel that can generate income. To generate revenue, one need to identify novel solutions to customer needs. SMEs who have developed a natural interest or risk appetite to find solutions will have more significant opportunity to see innovations and change the world like Steve Jobs, Elon Musk etc. Each SME to develop innovation appetite to experience growth of businesses.
Innovation Appetite
Is this Problem-solution fit a new idea?
How could it be new to existing solutions?
What do I need in addition to make the innovation a reality?
How will the market react to the idea?
What level of risk taken in the business? – High, Moderate and Low.
What is the safeguard measures adopted?
What are the implications of risk in terms of money, people, machine, other?
Ansoff Matrix to Identify Gaps or Growth Opportunities
Blue Ocean Strategy as a Way to Identify Untapped Markets
By Clicking either Internal or External Dimensions, you will find out Cells and Dimensions that reflect Internal processes and External environmental competitive dynamics.
By Clicking the 5 Facets, you will select strategic decision areas, and in each, you will find out the respective Cells you need to consider in choosing strategies.
By Clicking a Cell, you will find out what each Cell means in the business management context. Moreover, it will probe you on questions that you should be asking yourself before making strategic decisions.
By Clicking either Internal or External Dimensions, you will find out Cells and Dimensions that reflect Internal processes and External environmental competitive dynamics.
By Clicking either Internal or External Dimensions, you will find out Cells and Dimensions that reflect Internal processes and External environmental competitive dynamics.
By Clicking the 5 Facets, you will select strategic decision areas, and in each, you will find out the respective Cells you need to consider in choosing strategies.
By Clicking the 5 Facets, you will select strategic decision areas, and in each, you will find out the respective Cells you need to consider in choosing strategies.
By Clicking the 5 Facets, you will select strategic decision areas, and in each, you will find out the respective Cells you need to consider in choosing strategies.
By Clicking the 5 Facets, you will select strategic decision areas, and in each, you will find out the respective Cells you need to consider in choosing strategies.
By Clicking the 5 Facets, you will select strategic decision areas, and in each, you will find out the respective Cells you need to consider in choosing strategies.