Summary
Rihal is seeking an Innovation & Ventures Specialist in Oman to identify opportunities, market trends, and technologies that could support new ventures. The role develops business cases, including market research, competitive analysis, and financial modeling, and works with internal teams and external partners. Responsibilities include supporting new products from ideation through prototype testing, defining success metrics, and aligning ventures with the company’s strategic goals. A bachelor’s degree in a relevant field and at least five years of related experience are required; an MBA is preferred.
The posting
As published on rihal.om. Pulled from the employer's site and shown as they wrote it.
Job Purpose
As an Innovation & Ventures Specialist, you will lead the exploration and development of new business opportunities. The ideal candidate will have a strong track record in identifying emerging trends, developing business cases, and working with stakeholders to launch new ventures or products. You will play a key role in expanding the company's product portfolio, bringing fresh ideas from concept to execution.
Duties & Responsibilities:
- Identify and evaluate new business opportunities, market trends, and disruptive technologies to drive innovation within the company.
- Lead the development of business cases for new ventures, including market research, competitive analysis, and financial modeling.
- Work closely with internal teams, including R&D, marketing, and sales, to explore the feasibility of new ventures and define go-to-market strategies.
- Facilitate collaboration with external partners, investors, and startups to enhance the company’s new venture pipeline.
- Oversee the early-stage development of new products and services, from ideation to prototype testing.
- Define metrics and KPIs to track the success of new ventures, adjusting strategies as necessary.
- Act as a subject matter expert on new market trends, innovation, and emerging technologies, keeping the company ahead of industry changes.
- Ensure that new ventures align with the company’s long-term strategic goals.
Qualifications & Experience:
- Bachelor’s degree in business, Marketing, Engineering, or a related field; MBA or equivalent preferred.
- 5+ years of experience in a similar role, focusing on innovation, business development, or new product ventures.
- Strong strategic thinking and problem-solving skills.
- Excellent project management and cross-functional collaboration skills.
- Comfortable with ambiguity and adapting to changing priorities.
- Strong analytical skills, with the ability to interpret market data and financial reports.