Innovation and Creativity

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Innovation and Creativity Door Mind Map: Innovation and Creativity

1. Innovation

1.1. Innovar¡tino is about creating value and increasing efficiency, and therefore growing your business.

1.2. Without Innovation, new products, new services and new ways of doing business would never emerge, and most organizations would be forever stuck doing the same old things the same old ways.

2. Strategies for Increasing your Creativity and Innovation

2.1. You need to continually expand your knowledge base.

2.2. Developed your ability to observe and to use all of your senses.

2.3. Experience as much as you can.

3. Creativity

3.1. Creativity is a mental process involving the generation of new ideas or concepts.

3.1.1. Situational Analysis / Drivers

3.1.1.1. What is driving us to do this?

3.1.1.2. SWOT Analysis

3.1.1.2.1. Strengths

3.1.1.2.2. Weaknesses

3.1.1.2.3. Opportunities

3.1.1.2.4. Threats

3.1.1.3. Customer Findings - What have we learned from customers?

3.1.2. Competitive Analysis

3.1.2.1. Do we have competitors and threats in these target markets with the proposed offerings?

3.1.2.2. What are our competitors doing and how are they positioning?

3.1.2.3. How do we position against each competitor?

3.1.3. Target Customer(s)

3.1.3.1. Buyer Profile

3.1.3.1.1. Title

3.1.3.1.2. Industry

3.1.3.1.3. Geography

3.1.3.1.4. Business Size

3.1.3.2. Influencer Profile

3.1.3.3. User Profile

3.1.3.4. What do customers want and need?

3.1.3.5. What business problems do each of these customers have?

3.1.4. Customer Segmentation

3.1.4.1. Which customers or sets of customers do we sell to?

3.1.4.2. What are the target market segments that we want to go after?

3.1.4.3. What are the distinct problems for each segment of the market?

3.1.5. Total Available Market

3.1.5.1. New Prospects

3.1.5.1.1. How much of each target segment have we penetrated?

3.1.5.1.2. How much opportunity is available in each target segment?

3.1.5.2. Existing Customers

3.1.5.2.1. Can we up-sell existing customers?

3.2. An alternative conception of creativity is that is simply the act of making something new.

3.2.1. Service Offer

3.2.1.1. What are we selling?

3.2.1.2. Product Definition

3.2.1.3. Pricing

3.2.1.4. Packaging

3.2.1.5. Positioning

3.2.2. Value Proposition

3.2.2.1. What is the Value Proposition to the Customer?

3.2.2.2. What pain are we solving?

3.3. Creativity is typically used to refer to the act pf producing new ideas approaches or actions.

3.3.1. Revenue Forecasts

3.3.1.1. Revenue and P&L Forecast (5 Years)

3.3.1.2. Revenue should be split out quarterly

3.3.2. Cost Analysis

3.3.2.1. Should include a description of the costs in entering this business and profitability analysis

3.3.3. Profitability Analysis

3.3.3.1. P&L for the offer to include gross margin, net income and break even analysis.