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Innovation in business - Coggle Diagram
Innovation in business
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Product/service design
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Four Vs of process design - Volume, variety, variation in demand, visibility of processes
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Marketing
Marketing mix - 4Ps- Product, Price, Place, Promotion
SWOT analysis - Strengths, Weaknesses, Opportunities, threats
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Ansoffs matrix - Market penetration, market development, product development and diversificationQFD matrix
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Operations strategy
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Integration of technology for smarter, faster processes
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Raising finance
Sources- Retained profits, venture capital, government grants, crowdfunding and external loans
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