INNOVATION SCOUTING

Assignment

  • Find new products + technology for license /  acquisition in order to accelerate growth and revenue creation 

Challenges

  • Uncertainty over determining new product and market areas of interest

  • Acquisition cost: Early-stage products are attractive, but require R&D resources

Strategy

  • Evaluate  new products ranked by Client R&D, production + marketing capabilities

  • Seek late-stage R&D  or marketed products

 

Implement

  • Conduct primary research to identify and evaluate new products and technologies

  • Develop criteria, filter and qualify opportunities from external innovation sources

Problem

  • Language, time zone, geographic and cultural differences

  • Qualify and perform due diligence on international companies

Solution

  • Global Strategy process for research, filter and short-list companies

  • Utilize our Global Consulting Network member's in-country resources

Outcome

  • Client diversified into new product areas, increasing sales and enhancing profitability

© 2018 by Global Strategy, Inc.

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