Create value through efficient innovation
Innovation is one of the last remaining sources of trend-breaking growth, yet too often companies fail at it because they approach innovation as if it were an art, assuming that brainstorming and random moments of genius will help them win. They won’t.
Monitor Deloitte helps companies achieve long-term success in today’s competitive markets, by adding discipline and order to systematically discover new sources of growth.
Monitor Deloitte helps companies anticipate and seize new business opportunities. Our teams approach challenges with diverse perspectives and experiences. Balancing strategy with exploration, discipline with creativity, and practicality with ambition, Deloitte helps companies resolve impasses and develop viable solutions with long-lasting impact. It goes beyond opportunity analysis and portfolio management by working with clients to generate and build new offers and business.
The effective combination of sophisticated design thinking methods and cutting-edge approaches to change management and strategic implementation extend our ability to help clients navigate more smoothly through an integrated innovation process. In fact, this combination has helped Deloitte emerge as "a global leader in Innovation Strategy & New Product Development Consulting based on capabilities,” according to Kennedy Consulting Research & Advisory.
- Set innovation strategy: Working alongside senior leaders, Deloitte explores how forces of change potentially impact the enterprise and industry, and identify where opportunities lie within the seemingly chaotic landscape. Our team then sets an “innovation ambition” and helps diagnose and address internal breakdowns. Finally, we advise senior leaders on their responsibilities for championing innovation.
- Design, build and launch innovations: Deloitte works with companies to convert opportunities and ideas into new businesses. We unearth new insights about consumers and translate those insights into business concepts that encompass multiple types of innovation. We facilitate prototyping and testing to refine new offers and accelerate the scaling and growth of production. Working with the client implementation team, we use strategy, marketing and analytics to refine, test and launch the new business.
- Become better innovators: Sustainable and efficient innovation requires discipline, competence and experience. Deloitte helps clients develop their own signsture innovation capabilities, systems and structures. This includes the integration of innovation across the businesses, development of networks and governance structures, establishment of incentives and metrics, and implementation of learning programs about innovation practices.
- Drive higher returns on innovation investments;
- Create new sources of revenue, including growth concepts, business models, and platforms;
- Accelerate piloting through prototypes that help align the enterprise and aid user testing;
- Discover the unmet needs of current and future customers;
- Achive and sustain and achieve innovation through tailored innovation capabilities;
- Build new offers and businesses.