What Happens During an Innovation Project?
A project begins when you select an innovation challenge worth
hundreds or even thousands of crores in new revenue and cost
reductions. Your biggest challenge may come from any area of the
business, from operations to strategy, from new product development to
human resources management. They key is to select a challenge that
cannot be met with your current activities – only an innovative
solution can meet the challenge.
Next, you nominate a team of your employees to work on the challenge.
We lead, direct, train, coach and mentor your team through a
systematic process to conceive and develop one or more innovative
Activities include primary and secondary research to understand all
the relevant dimensions of the challenge, brainstorming for original
solutions, and rapid, iterative prototyping to gain experimental
validation that the solution will be successful. Click here to read
more about our process and our methods.
What Long-Term Effects will Our Organization Experience?
In addition to a profit-building solution to an immediate business
challenge, your team will gain a set of world-class innovation skills
that they can apply to other challenges.
If you wish to establish a corporate culture where profit-increasing
innovation happens regularly, we can lead a project dedicated to this
particular challenge. Based on the experience of the world’s most
innovative companies, we will work with your team to select the most
appropriate policies, programs and structures to make innovation
happen consistently and successfully in your company.
What Engagement Models are Available?
Solution Delivered (Maturity)
Comprehensive solution development at a world-class
level with testing and validation
Comprehensive solution development with testing and
validation, fresher level
Lab project (workshop)
Original solutions proposed with limited testing
Bachelor’s level familiarity
1/2, 1, 2 or 3 days
on complexity of challenge selected and location of field work.
** Depends on percentage of employee work
week allotted to the engagement.
What Assurance Can Be Given of a Successful Project?
Innovation work is unlike other kinds of consulting because the
solution is not known prior to the engagement. You specify only the
challenge to be met, not the solution. Your employees supply the
domain expertise. The Innovation Workgroup provides the innovation
tools and methods, along with project leadership. The solution is
invented by your team under our guidance during the engagement. The
track record of past success speaks for the value of our innovation
system. Moreover, we are willing to work on a gain-sharing model for
those clients who wish to minimize risk.