Innovation is core to staying competitive, or possibly the key to disrupting an industry and creating a new market space.
Yet designing new offerings is costly and fraught with risk. Will the marketplace be interested in your idea? Enough to be willing to pay for it? Does it address unmet needs? Does it improve on existing offers? Which features are attractive and which ones are not? Could it be modified to better suit your customers’ needs? What if competitors beat you to the punch?
- Early stage testing of product or service concepts to identify likely winners and losers
- Comprehensive prototype testing and development to identify the best feature/benefit/price combinations given business needs and objectives
- Detailed concept refinement and testing in realistic, competitive environments
- Ongoing product/service 'portfolio' management to identify gaps or opportunities