You Are Innovation Consultants, So Isn’t Advisory What You Always
Most of our activities – leading projects and conducting workshops --
are devoted to inventing things that improve your profits. We treat
advisory services as a separate type of engagement, where the goal is
not so much inventing solutions, but improving your innovation
Why Would We Use You as an Advisor?
The main advantage we bring is broad and deep exposure to best
practices used by the most innovative companies in the world. There
may be new approaches, new strategies, new methods and new tools that
can produce superior results for you. We can introduce these elements
to your organization.
This Sounds Very Uncertain. How can We be Sure that We will Receive
Jeff Immelt of General Electric thought it was worth one million
dollars a year to have Dr. Vijay Govindarajan as GE’s innovation
advisor. For a small fraction of that amount, you can have advice from
India’s most experienced and accomplished innovation group. The value
of just one new idea or recommendation can far exceed your investment.
How Does It Work?
We will structure an engagement according to your priorities and
constraints. Typically, this will involve a retainer for a certain
number of consulting days over a fixed period of time. During these
consulting days, based on mutual agreement, we may study your existing
practices, act as a sounding board for your ideas, conduct research to
provide a basis for wise business decisions, lead interactive sessions
with your team, write reports and presentations to communicate our
findings and recommendations, and any other tasks that will enhance
your innovation efforts.
What Kind of Organization Should Use Your Advisory Services?
We believe that our advisory services are not appropriate for most
organizations. We prefer to work on high-value innovation challenges
that will directly improve the bottom line. However, two types of
enterprises may prefer the advisory services model:
Organizations that are
already strong in innovation and want to stay at the top of their
game. These groups usually do not need an extensive intervention.
Often, just the addition of a fresh, outside perspective can sharpen
the skills of the organization and fill in any minor gaps in their
Organizations that are
not sure whether to embark on an innovation journey. A senior
consultant can help the promoters and top managers to decide whether
and how it might make sense for the organization to move forward.
How Much Does it
Professional fees for advisory services are based on our daily
consulting rate. Significant discounts apply for long-term retainers.
Taxes and expenses are additional. We have consultants at several
levels, and we are committed to delivering advisory services that will
meet your needs while staying within your budget.