Fast Innovation - Executive Insight
Studies by Clayton Christensen, of Harvard Business School, and many others demonstrate that fewer than 10% of companies can generate enough growth to sustain above-average shareholder returns for even a decade. At the same time, a study by the Economist Intelligence Unit reports that nearly all (87%) senior executives believe innovation is critical to their company's future.
So what's not working? The Economist Survey cites the following major roadblocks that prevent innovation from contributing to sufficient growth:
- 60% of executives saw time and cost overruns as a principle obstacle to delivering growth through innovation
- 53% cited competing development priorities as a principle obstacle
- 52% said upfront market research was poor and 44% cited a failure to gain sufficient or relevant end customer input
Only the comprehensive methodology described in Fast Innovation can plan and deliver customer valued differentiation, at a speed and cost that will deliver sustained growth and disrupt the market.
Our unique advantages:
- We understand the true causes of slow innovation. Slow innovation is caused by the inherent variation in key innovation tasks. We have developed specific tools to address this variation and reduce lead time 50-80%.
- Our practice includes a market-leading suite of strategic and execution-oriented solutions and best practices including:
- Strategic market analysis to ensure you focus innovation energy on the highest value profit pools,
- Ethnography to get beyond the "voice" but to the "heart of the customer"
- Concept development to ensure that differentiated ideas enter the pipe,
- Religion of reuse to speed development and lower cost,
- Open innovation models to capture the intellect of the planet,
- Design for Lean Six Sigma to rapidly turn concepts into high quality offerings, reducing development costs and gaining critical time to market advantage.
These solutions combine to create critical differentiation, disruptive time to market and superior innovation ROI.
Our approach to helping clients with Fast Innovation is three-fold:
We create unique strategic insight...we engage with our clients as a small highly experienced team that will together create insights on the opportunities for growth, from developing an innovation strategy to developing specific new product/service/business model concepts
We deliver...Our consultants are highly experienced experts. We are able to work with our clients from developing strategic insight to developing new concepts to executing the strategy.
We create capability...To deliver the ultimate goal of sustained growth, your company must build capability to successfully deliver Fast Innovation, rather than rely on consultants over the long term.
To learn more about our approach to Fast Innovation read an excerpt of the new book.
We are not just specialists in Innovation, but also bring deep expertise in solving the complexity of your offering and in building world-class operations capability with Lean Six Sigma. |
