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Develop Innovation Plan

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Reference no: EM133143005

Develop an innovation plan.

An Innovation Plan is the written document that details the proposed innovation and its commercial potential as a venture. It must describe current status, expected needs, and projected results of the new concept. Every aspect of the venture needs to be coved: the project, marketing, research and development, manufacturing, management, critical risks, financing, and milestones or a timetable.

A description of all of these facets of the proposed venture is necessary to demonstrate a clear picture of what that venture is, where it is projected to go, and how the innovator proposes it will get there. The innovation plan is the road map for a successful enterprise.

Your innovation plan should contain the following:

Describe every aspect of a particular innovation

Include a marketing plan

Clarify and outline financial needs

Identify potential obstacles and alternative solutions

Establish milestones for continuous and timely evaluation

Serve as a communication tool for all assessment purposes.

Reference no: EM133143005

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