Diverse, differentiated and innovative products or service continues to deliver long term business goal. Innovative team, active management, design thinking and structured approach helps to deliver innovative products.
At Factsdrive Innovation LLP, Product portfolio management is aimed with essential attention on products aligned with business model and management goals.
Ideation to in-house innovate
In-house innovation is a structured process of identifying, brainstorming, executing and delivering differentiated solutions. Although it is capital intensive process, it is cost effective compare to in-licensing and acquisition. It also creates out-licensing opportunities. Great innovation contributes to transform organization net worth exponentially.
Ideation through collaborative research
Collaborative research is the process of outsourcing research and development activity partially or completely. One of the critical stage of innovation includes identification of in-house core competencies and filing the gaps. Collaborative research has over a period gained increased significance for the organizations with focused research goals.
Product segment is a group of related products in a product portfolio with one or more common attributes. New segments are the product areas related to the current product portfolio which can be new addition into company’s pipeline. Core idea is to identify areas with new marketable products which involves minimum investment.
New product to existing segment.
New products addition can be added advantage to leverage existing infrastructure and brand value. New products in the existing segment can be help in restructuring product portfolio for optimization financial modelling.
Forecast and revenue projections
Forecasting is the process of estimating future financial outcome from a business considering various market factors. Successful businesses are first built on spreadsheets. Financial modeling with total investment and revenue forecast contributes into planned execution. It also helps in achieving projected return on investment and craft cognizant decisions.
Licensing includes purchase, sale or exchange of rights relating to proprietary assets in which the licensor permits the licensee to use products or processes.
- In-licensing is the process of adding new product from other company. It is the fastest way to add innovative products into portfolio through acquisitions. Structured screening with key essentials and extended collaboration can boost growth plans.
- Out licensing is a process of licensing existing products to other company. It helps to capitalize from in-house research activities through identification of non-core areas and filling gaps or mutual collaboration with recipient partner.