Professional Documents
Culture Documents
705 Prelim Topics
705 Prelim Topics
Innovation Management
Introduction to innovation management
Sources of technology and innovation
Developing new products and services
Introducing new products and services
Driving intra-organizational innovation
Technology and innovation strategy
Strategy Formulation
The nature of strategic management
The business vision and mission, objectives, goals
The external assessment
o Porter’s Five Forces Model
o External Factor Evaluation matrix (EFE)
o Competitive Profile Matrix (CPM)
The internal assessment
o Internal Factor Evaluation Matrix (IFE)
Strategies of action
Strategy Analysis and Choice
o SWOT Matrix
o SPACE Matrix
o BCG Matrix
o IE Matrix
o Grand Strategy Matrix