How An End-to-End Innovation Framework Promotes Competitive Advantage

Companies face pressure from constantly changing consumer demands and competition. Innovation management is necessary to remain competitive, and it involves steering change, managing uncertainty, and developing capabilities. Using a systematic innovation framework like ITONICS COFIM helps organizations effectively manage innovation and achieve their goals, with key performance indicators for tracking progress. The COFIM framework is built on scientific rigor and experience in innovation management, offering a methodical approach to managing innovation across strategic and operative objectives. The framework considers foresight and strategy, organization, engagement and transformation and growth. The use of digital innovation tools and collaboration is essential for success.