The Innovation Strategy

  • Sriram Birudavolu
  • Biswajit Nag


This chapter prescribes the essential ingredients required for formulating an effective ICT-based innovation strategy. This is based on indepth research, literature survey, industry experience, and evaluation of business trends. It presents a framework based on open innovation, the quadruple helix model, and powered by ICT. A few key, indicative metrics and process/guidelines are also presented.


Focus Niche Domain knowledge Walmart Leftyslefthanded Market gaps Product viability Channels Business model canvas Pivoting Lean startup model Connectivity TOGAF Startup Telco Amazon NASA Apple Inessentials Wastage Redundancies Frameworks Architecture Open innovation GII—Global Innovation Index Staqu InsideView Tracxn Competition Ideation Revenue sharing KDDI Airtel Digital innovation WEF World Economic Forum Platform MDS LUCY Razer Transformation programs Legacy systems Digital services Rating the forums Global footprint Harmonizing Competitive intensity Customer centricity Ecosystem Traction gap framework MVP MVC IPR MVT Innovation matrix 


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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Sriram Birudavolu
    • 1
  • Biswajit Nag
    • 2
  1. 1.Sr. Vice President - Information SciencesT-Hub FoundationHyderabadIndia
  2. 2.Indian Institute of Foreign TradeNew DelhiIndia

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