INNOVIM LLC is pleased to announce that the research paper titled “Incremental Innovation and Risk: A Balancing Act for Federal Contractors” is now available for download.
The research work examines why there are deterrents to implementation of innovative solutions even though they have been found to be a critical factor for the success of both federal agencies and their contractors. In it, Mr. William Harris, Vice President of Business Development at INNOVIM, determined that there were three main issues:
- Initial and ongoing federal projects face cost-reduction pressures
- Contractors/contracting companies must attain sufficient margins and ensure competitive advantage
- Public and private innovation approaches have differing drivers and benefits
The paper finds that incremental or evolutionary innovation, conceptualized along a continuum works well for ongoing or sustainment activities. Download the free article to learn more about the challenges that affect innovative solutions.