Trends In Innovation Consulting

Severe pressure induced by the current economic downturn pushes executives toward efforts related to cost reduction and internal restructuring. Nevertheless, innovation remains one of the high priorities on their agenda, which is mainly focused either on product/service innovation or on business process and business model innovation. Particularly in business model innovation, innovation consulting specialists see growing demand. Several of these providers, with service portfolio and go-to-market approaches focused primarily around innovation, have been evolving for some time now within the diverse corporate strategy services market. Facing more client demand, they are looking for new directions to expand their business. Chief executive officers (CEOs) and managing partners at innovation firms should embrace the notion of building their partner ecosystem, which will be the prerequisite for lasting success.