insights

Mastering New Business Building: Stretch Innovation's Guide for Future-Ready Companies

insights
15 november 2023
3 min

In the ever-evolving business landscape, "new business building" has become vital for companies aiming for growth and adaptability. Stretch Innovation, with its expertise in transforming challenges into opportunities, leads businesses in leveraging this strategy effectively.

Understanding the Need for New Ventures: Insights from McKinsey

Recent McKinsey research highlights the importance of new ventures in driving growth and adding value, especially in uncertain economic times. This aligns with our focus at Stretch Innovation, where we assist businesses in navigating and capitalising on these opportunities for enhanced enterprise value and revenue​. *

Leveraging Incumbent Strengths for New Ventures

We advocate for leveraging incumbent strengths - a concept emphasised by McKinsey. Utilising existing brand equity, customer insights, and infrastructure, we guide businesses in accelerating their venture development process​​. *

The Customer-Centric Approach: A Key to Successful Innovation

Aligning with our principle of customer-centricity, we emphasise developing a strong customer value proposition. This approach ensures that innovations meet market needs and achieve customer satisfaction. *

Structured Innovation: The Stretch Innovation Method

Our methodology incorporates a holistic view of innovation - strategy, management, and practice. This ensures that new business initiatives are well-aligned with overall company goals, effectively managed, and successfully executed. *

Empowering SMEs: Overcoming Innovation Barriers

Recognising the challenges faced by SMEs, such as limited resources and experience gaps, Stretch Innovation provides targeted support. We empower SMEs to turn innovation into a growth engine, overcoming common barriers and leveraging their agile nature for quick adaptation and success​​. *

Conclusion: Charting a Path Towards Innovation-Driven Growth

In today’s dynamic world, innovation and new business building are not just options but necessities for sustainable competitive advantage. At Stretch Innovation, we're committed to guiding businesses through this transformative journey, ensuring they are well-equipped to thrive in an ever-changing marketplace​. *

insights

Mastering New Business Building: Stretch Innovation's Guide for Future-Ready Companies

insights
15 november 2023
Mastering New Business Building: Stretch Innovation's Guide for Future-Ready Companies

In the ever-evolving business landscape, "new business building" has become vital for companies aiming for growth and adaptability. Stretch Innovation, with its expertise in transforming challenges into opportunities, leads businesses in leveraging this strategy effectively.

Understanding the Need for New Ventures: Insights from McKinsey

Recent McKinsey research highlights the importance of new ventures in driving growth and adding value, especially in uncertain economic times. This aligns with our focus at Stretch Innovation, where we assist businesses in navigating and capitalising on these opportunities for enhanced enterprise value and revenue​. *

Leveraging Incumbent Strengths for New Ventures

Mastering New Business Building: Stretch Innovation's Guide for Future-Ready Companies

We advocate for leveraging incumbent strengths - a concept emphasised by McKinsey. Utilising existing brand equity, customer insights, and infrastructure, we guide businesses in accelerating their venture development process​​. *

Aligning with our principle of customer-centricity, we emphasise developing a strong customer value proposition. This approach ensures that innovations meet market needs and achieve customer satisfaction. *

Mastering New Business Building: Stretch Innovation's Guide for Future-Ready Companies

The Customer-Centric Approach: A Key to Successful Innovation

Our methodology incorporates a holistic view of innovation - strategy, management, and practice. This ensures that new business initiatives are well-aligned with overall company goals, effectively managed, and successfully executed. *

Structured Innovation: The Stretch Innovation Method

Recognising the challenges faced by SMEs, such as limited resources and experience gaps, Stretch Innovation provides targeted support. We empower SMEs to turn innovation into a growth engine, overcoming common barriers and leveraging their agile nature for quick adaptation and success​​. *

Empowering SMEs: Overcoming Innovation Barriers

Conclusion: Charting a Path Towards Innovation-Driven Growth

In today’s dynamic world, innovation and new business building are not just options but necessities for sustainable competitive advantage. At Stretch Innovation, we're committed to guiding businesses through this transformative journey, ensuring they are well-equipped to thrive in an ever-changing marketplace​. *

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insights

Mastering New Business Building: Stretch Innovation's Guide for Future-Ready Companies

insights
15 november 2023

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