Building a proper innovation function is like building a factory: a strong foundation with all key components is required for it to function.
The better it's built, the more you'll get out of it and the fewer repairs you'll need down the road.
It serves as the guiding direction for everything you create. It will align the innovation work to the corporate strategy.
Traditional approval processes could lead to efficient death of your organization. We will design a Growth Board combining your organizations leaders, external experts and the customer to guide new initiatives.
And a proper organizational structure to leverage those resources to their max potential. Innovation will also require a separate and dedicated budget in order to be successful.
Your traditional partnering framework will slow you down. The ability for you to invest in new ventures will also be key to innovation success.
Are you designing more fuel efficient tires for your cab? Or Launching Uber? Those require very different resources and outcomes to execute against. The right innovation in the wrong place will ultimately fail.
The innovation process keeps things moving. Optimize costs and manage risk in the most efficient way possible.
Monitoring innovation metrics and outputs will be different than what your organization is used to seeing, and requires a specialized function and method of tracking and reporting to the business.
We help our partners innovate with the highest return and lowest risk possible.
Each step in our 5-phase innovation process can be isolated and repeated, enabling us to efficiently and effectively fail or validate innovative concepts at $5k instead of at $5M.