If you're a business developer who is sincere about wanting to create an innovation strategy, then I've got a list of styles here you need to learn about FAST.
The Big Idea Behind This List Is: Create Innovation For Business Growth
The important thing for you to understand with this is that innovation strategy styles.
Business developers need to know this innovation strategy list because create a competitive advantage for business.
This list spells the difference between success and failure for business developers because enable business to scale up.
Style # 1 - Unique Value Proposition
- Research all the competitors products and services
- Develop a superior offer stack with bonuses
- Physical products, digital products, written products, audio products, video products
- Charge higher prices with the value provided
Style # 2 - Pivot On The Business Model
- Create your current Business Model Canvas
- Review the most progressive global businesses models
- Implement and test new business model styles in the organisation
- Keep the successful business model attributes
Style # 3 - Gain New Customer Segments For Market Share
- Define your customer segments in detail
- Build a business model for each customer segment
- Create custom messaging for each segment
- Improve prospect to customer conversion with tailored customer journey
Style # 4 - Gain New Channels For Market Share
- List the methods used for initial prospect awareness of your business
- Experiment with new traffic sources to your business
- Keep successful traffic sources
- Gain market share with expanded audience reach
Style # 5 - New Offer Beta Launch
- Provide a minimum viable product to an early adopter group
- Test usability, results delivery, customer satisfaction & would they pay for the solution
- Gather feedback for refinements
- Confirm new solution is ready to scale
Style # 6 - Global Market Perspective
- Research which countries are suitable for your products and services
- Can distributors or 3rd party logistics delivery your products
- Think bigger than just the English speaking markets
- Digital products can be delivered online globally
Style # 7 - Acquire Or Partner
- Can innovation be gained by buying an outside business?
- Can innovation be created with external partners?
- Can innovation be created outside the organisation with investments?
Bonus Style # 8 - White Label
- Can you sell innovation components to competitors?
- Can you sell innovation to order to competitors with their logo on the product?
- Expand your market share via competitors in your industry
So the next step for you here is to Pick your innovation style for growth.
One more thing.
Did you know, I just released a New free video series on how any business developer can create an innovation strategy!
Here's where you can claim your copy: Strategic Research Competitive Advantage Video Series