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Pearson College Module Specification Form Department Degree stem Validating partner (if applicable) Module title Module unit code Core / optional Designation Credit value Level on FREQ Module Designer Date
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Strategic innovation management is the process of planning, implementing, and overseeing the development of new products, services, or processes to help a company stay competitive and adapt to market changes.
Companies or organizations that want to stay competitive and drive growth in their industry are required to file strategic innovation management.
To fill out strategic innovation management, companies need to assess their current innovation strategies, set goals for the future, allocate resources, and monitor progress towards their strategic objectives.
The purpose of strategic innovation management is to help companies identify new opportunities for growth, develop innovative products and services, and ultimately achieve a competitive advantage in the market.
Companies must report on their innovation goals, strategies, initiatives, key performance indicators, and the results of their innovation efforts in strategic innovation management.
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