Concepts of Innovative Management

1.1 Current advanced and fictive counselling functioninges FOR BUPCO\nInnovative counselling: Innovation is not just about releasing stark naked product. It also encompasses implementing new commerce do by, fresh modal values of doing things, radical, alliances, and resplendent new routes to securities industry and line of products strategies. (Sloane, 2003, pg.8)\n\nBUPCO takes the support of progressive forethought in terms of speed business and serves its customers in a better and innovative ways. Portfolio management is the tool done which intellectual of innovative management git be understood in better manner.\nPortfolio Management Processes: It lie down of three components through which innovative management can be handled and represented in a structured frame make up. These components are describe below.\n1. Incremental: A very(prenominal) depth and meaningful depth psychology can be taken in this accomplish through which BUPCO brings more developed and evaluated ideas on the current projects.\n2. Radical: The way to use the basic and philia methods with the same technology but more advanced effectuation in BUPCO.\n3. Fundamental: The fulfil to use totally antithetic technology.\n\nBUPCO current creative and innovative processes\nBUPCO is an established Company which has everyday contracting and Real country projects with great innovation such(prenominal) as hotlines services, Project picture show sharing with customers, advertising market on internet, Customer shuttlecock drop to project location, person-to-person data collecting, etc. To exert these services, initially BUPCO was working on very structured process of innovation called Incremental process where BCG framework was the main to work with creative ideas. This practice brought a massive poor results where MANAGING theatre director of the BUPCO found the higher creative thinking as productivity with slight and poor INNOVATION.\nIncremental process was becoming a restriction to start the new projects, to polish the issues this process got abandoned and replaced by 70-20-10 prin...