Build an Innovation Engine in 90 Days
4
Steps to a Viable Innovation System
DAY 1-30
Define Your Innovation Buckets DAY 20-50
Zero In on a Few Opportunities DAY 20-70
Form a Small Development Team DAY 45-90
Create a Way to Shepherd Projects
After three months, What you will have is an efficient way to identify the right ideas and develop them.
STEP 1 Define Your Innovation Buckets  Core vs Growth
Understanding the Differences Core
New Growth
Follow current strategy
Push frontier of strategy
Offer rapid returns
Offer long-term returns
Managed by main business
Managed outside main business
Assess Your Growth Gap and Determine How to Fill It The larger your growth gap is, the further from the Projected Long-term core your innovations will need to be, and the longer growth growth it will take to realize revenue from them. from current goals operations
STEP 2 Zero In on a Few Strategic Opportunities  Do your research
1 2 3
Meet with a Dozen Customers Explore Unmet Needs Hold a Workshop
STEP 3 Form a Small Development Team  One in a team must be thinking about innovation.
1 2 3
Dedicate a Few People Free Up Resources Develop a Process Checklist
A Sample Checklist Customer interviews
Plan to make money
Industry review
Plan to test uncertainties
Clearly defined customer
Low fixed costs
Compelling advantage
Rapid prototype
Detailed description of business
STEP 4
Create a Way to Shepherd Projects  Manage strategic uncertainty
Set Up an Oversight Group
1 2 3
STOP START
REDIRECT
Establish Oversight Guidelines
1 2 3
Assign a Champion to each project Set spending thresholds
Tie further investment to milestones
Next Steps • Connect to formal systems? • Create special functions? • Identify organizational barriers?
Final Advice • Do everything or nothing. • Don’t skimp on personnel. • Don’t avoid failure.
Thank You You can contact us at 00966 56 100 4748 info@dtechsystems.co www.dtechsystems.co