Process Innovation Framework

Process innovation

Problem it solves

unclear strategic direction

Best for

Companies with high process innovation capabilities

Not ideal for

Companies with low process innovation capabilities

Overview

Why this framework exists

Process innovation can increase efficiency and reduce costs, leading to increased mobility barriers and competitive advantage.

3 total

3 steps

Identify Opportunities for Process Innovation
Identify opportunities for process innovation and development
Pro tipConsider the complexity of the technology and the availability of skilled personnel
WarningUnderestimating process innovation can lead to loss of competitive advantage
Develop Process Innovation Strategy
Develop a strategy to innovate and develop new processes
Pro tipInvest in research and development
WarningFailure to innovate can lead to loss of competitive advantage
Monitor Industry Trends
Monitor industry trends and adjust strategy accordingly
Pro tipConsider the impact of process innovation on competitive advantage
WarningFailure to monitor industry trends can lead to loss of competitive advantage

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1 cases

Manufacturing Example

The manufacturing industry experienced changes in industry structure due to process innovation

OutcomeCompanies that innovated and developed new processes maintained their competitive advantage

2 traps

Underestimating Process Innovation

Failing to consider process innovation can lead to loss of competitive advantage

Failing to Innovate

Failure to continually innovate can lead to loss of competitive advantage

How this framework came to be

The framework is based on the idea that process innovation can provide a competitive advantage.

Traced to primary