From the Wires
"Best Practices for Networked Innovation: The New Business Imperative"- a New Thought Paper Released by Vertical*i
By: Business Wire
May. 15, 2009 02:03 PM
Vertical*i, a leading provider of innovation management software solutions has just released an exciting new thought paper, titled “Best Practices for Networked Innovation: The New Business Imperative”. The paper is available for download from the redesigned Vertical*i website at www.verticali.com.
This new study looks at four key capabilities required for sustainable Networked Innovation initiatives in organizations.
“History has proven that companies who invest in innovation during an economic downturn significantly out-perform their competitors long after the recovery,” says Guy Henninger, SVP of Business Development at Vertical*i. “Building a robust, flexible and sustainable innovation program based on the four capabilities we studied will give a company the best odds for success.”
The study details how these capabilities provide a business framework for strategic focus, agility, institutionalized learning, risk mitigation, and optimization of the innovation mix. The reader is given some practical “next steps” to begin charting their course towards a world-class innovation program.
Vertical*i is progressively enabling an end to end solution which helps organizations both design and execute on their networked innovation programs -it also fosters underlying business model changes . The solution allows for direct, dynamic interactions with myriad business, customer, partner, and scientific communities: all with goals defined by robust market insight for increased responsiveness and profitability.
Vertical*i is leading the field in enabling key business activities such as Networked/Open Innovation, Deal Flow Management, Partnering, and Valuation and Risk Analysis. The Vertical*i Application Suite is a comprehensive set of software tools for business development, licensing and alliance management widely used by companies to scout, compare and evaluate licensing and M&A opportunities then manage the resulting alliances and relationships. Vertical*i is a privately funded enterprise software company headquartered in New York, NY. Vertical*i innovation management solutions can be found at www.verticali.com .
innovation, business development, licensing
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