Corporate Innovation
What and why?
70% of corporate IT Projects Fail
The Number One Pitfall of corporate innovation projects is that they are funded prematurely because of a feeling or gut instinct.
Many times we see companies throw money at sponsoring an accelerator or building a fancy innovation lab. Without thinking about all of the important parts of their innovation journey out of the gate, money gets tossed at things that can best be described as “innovation theater” — showy, but ultimately useless.
When it comes to early-stage innovation, we should expect that our initial idea will change radically if we are to find a compelling and unique value proposition which customers are willing to pay more for than it costs us to deliver.
Moderator | Digital Change Partner | Designer | PM
90 Day Program Starting at $165K
Businesses spend money, time, energy, and manpower on products without creating real business value. Resources end up wasted as the product remains unprofitable.
We show you how to track success.
- Financial metrics
- Metrics for customers
- Process performance metrics
Why build a $1M product if you can 10X or 100X?
Our 90 Day Business Transformation Executive Program is designed to:
Validate your business goals
Every business transformation needs to have specific, realistic goals. This helps determine how effective the transformation is
Map out processes
Visual representations of workflows provide a clear illustration of how a business functions
Analyze Processes
Process mapping helps identify slowdowns, redundancies, waste, and risk. These are the areas to target for business transformations
Establish a baseline
This provides a comparison point to help leaders and employees see how transformations impact business performance
Interview major players
Determine what is needed to get buy-in by speaking with the individuals who will be directly impacted by any process improvements
Select Tools
Find the right solutions that improve (not limit) organizational performance. This could be a custom or out-of-the-box solution
Get Buy-In
Establish a positive mindset toward organizational change to help ensure team members embrace new systems
Build, deploy, and test
Build out the necessary solutions to integrate platforms, automate workflows, and improve processes
Optimize Process Improvements
Once new solutions go live, they need to be improved based on feedback and performance
Expand
Business transformation is continuous – organizations should continue to look for additional workflows to improve
The end goal with business transformation is to reduce labor, costs, bottlenecks, errors, risk, and customer dissatisfaction. This idea should be at the center.