The document discusses improving OFX's customer registration process through a design sprint. It describes holding a design sprint to better understand customers, define the problem, and decide on an opportunity to target. Key guiding principles for the sprint were to make the registration process quick, easy, and clear. Different activities in the sprint like mapping the customer value proposition and ideating and prototyping ideas are mentioned. The summary concludes that the sprint was useful for understanding the current state and goals for a improved registration journey.
We focused on four key areas - Product, Process, People, and Technology - to find our lost mojo and transform our digital capabilities. For Product, we defined a mobile-first, video, data-driven, audio, and AI-focused strategy. For Process, we established an Agile product lifecycle and roadmapping process. For People, we attracted new talent and created high-performing delivery squads. For Technology, we introduced a flexible infrastructure to rapidly develop and deliver products. As a result, we released engaging digital products, established clear roadmaps, created a high-performing team, and built a scalable platform.
1. A great product strategy requires deep understanding of inputs like customers, markets, competitors, and internal capabilities. It is important to spend time understanding problems from the customer and industry perspective.
2. To identify problems worth solving, analyze the economics of customer problems, like revenue pools, industry fragmentation, and opportunities to create a defensible market position.
3. A helpful framework for strategy is dividing efforts into three horizons - horizon 1 focuses on current business, horizon 2 on future businesses, and horizon 3 imagines the future. This framework helps allocate resources appropriately.
This presentation is a quick tutorial on the basic principles of the Lean Startup Method, a faster, better, cheaper way of developing new lines of business that originated in the Silicon Valley startup scene and is rapidly becoming a mainstream management technique.
You will also learn about Customer Problem Interviews, a technique for testing the most important assumption of your business model to quickly and inexpensively determine whether or not your business idea is addressing a problem people will spend money on to solve.
Thousands of business ideas are pitched each day. Some are enthusiastically embraced and supported; others are shrugged aside. Why is that? What makes a “good idea” good? More importantly, what will your organization regard as a business idea worthy of investment? In this presentation, you will learn the answers to these questions by exploring the decision making process and the specific criteria that investors and savvy senior executives use when evaluating business ideas.
1) Product managers are well-suited to be intrapreneurs due to their leadership experience, commercial competence, technical experience, ability to navigate politics, and image of being able to execute.
2) The author provides an example of starting an intrapreneurial project with no direction and limited funding, and building it into a successful business with customers and revenue in under a year.
3) A second example details taking on an impossible mission to capture a landmark customer, investing two years and company resources to redefine the company's strategy and deliver for the customer.
This document provides an overview of Sensic Consultancy's vision, mission, and services. The consultancy is dedicated to establishing creative and sustainable business initiatives for SMEs and industry. Their approach focuses on innovation, anticipating future needs, and maintaining real added value. They offer a range of strategic and tactical support services, from early market visioning to product tuning to communication improvements. Their goal is to provide a "boost" for clients and help them gain 20% more from their business through a solution-focused partnership.
Product management comes with responsibility without true authority, requiring difficult decisions based on limited information. It involves juggling many diverse tasks without being an expert in all areas. Some companies improperly use product managers for project management work instead of product work, which does not scale as well. While agile practices can help, they can also overwhelm product managers. Ultimately, even with the right approach, products can still fail through no fault of the product manager. Key skills for product managers include diplomacy, rapport building, negotiation, detailing benefits, seeking feedback, and being comfortable with failure.
We focused on four key areas - Product, Process, People, and Technology - to find our lost mojo and transform our digital capabilities. For Product, we defined a mobile-first, video, data-driven, audio, and AI-focused strategy. For Process, we established an Agile product lifecycle and roadmapping process. For People, we attracted new talent and created high-performing delivery squads. For Technology, we introduced a flexible infrastructure to rapidly develop and deliver products. As a result, we released engaging digital products, established clear roadmaps, created a high-performing team, and built a scalable platform.
1. A great product strategy requires deep understanding of inputs like customers, markets, competitors, and internal capabilities. It is important to spend time understanding problems from the customer and industry perspective.
2. To identify problems worth solving, analyze the economics of customer problems, like revenue pools, industry fragmentation, and opportunities to create a defensible market position.
3. A helpful framework for strategy is dividing efforts into three horizons - horizon 1 focuses on current business, horizon 2 on future businesses, and horizon 3 imagines the future. This framework helps allocate resources appropriately.
This presentation is a quick tutorial on the basic principles of the Lean Startup Method, a faster, better, cheaper way of developing new lines of business that originated in the Silicon Valley startup scene and is rapidly becoming a mainstream management technique.
You will also learn about Customer Problem Interviews, a technique for testing the most important assumption of your business model to quickly and inexpensively determine whether or not your business idea is addressing a problem people will spend money on to solve.
Thousands of business ideas are pitched each day. Some are enthusiastically embraced and supported; others are shrugged aside. Why is that? What makes a “good idea” good? More importantly, what will your organization regard as a business idea worthy of investment? In this presentation, you will learn the answers to these questions by exploring the decision making process and the specific criteria that investors and savvy senior executives use when evaluating business ideas.
1) Product managers are well-suited to be intrapreneurs due to their leadership experience, commercial competence, technical experience, ability to navigate politics, and image of being able to execute.
2) The author provides an example of starting an intrapreneurial project with no direction and limited funding, and building it into a successful business with customers and revenue in under a year.
3) A second example details taking on an impossible mission to capture a landmark customer, investing two years and company resources to redefine the company's strategy and deliver for the customer.
This document provides an overview of Sensic Consultancy's vision, mission, and services. The consultancy is dedicated to establishing creative and sustainable business initiatives for SMEs and industry. Their approach focuses on innovation, anticipating future needs, and maintaining real added value. They offer a range of strategic and tactical support services, from early market visioning to product tuning to communication improvements. Their goal is to provide a "boost" for clients and help them gain 20% more from their business through a solution-focused partnership.
Product management comes with responsibility without true authority, requiring difficult decisions based on limited information. It involves juggling many diverse tasks without being an expert in all areas. Some companies improperly use product managers for project management work instead of product work, which does not scale as well. While agile practices can help, they can also overwhelm product managers. Ultimately, even with the right approach, products can still fail through no fault of the product manager. Key skills for product managers include diplomacy, rapport building, negotiation, detailing benefits, seeking feedback, and being comfortable with failure.
View from the Trenches: What Went Wrong with Our Lean Startup Program?Lean Startup Co.
Ken Durand, Ericsson, @atlideafactory
With all of the success of Lean in the startup community, this should be pretty easy to implement in the Corporate environment, right? After launching with very little to show in the way of success, the team in Ericsson’s Atlanta Idea Factory had to take a step back and evaluate what changes were necessary to implement Enterprise Lean Startup with success. One key principle had to be learned… People are an organization’s greatest asset, AND its greatest barrier to success.
intelleKt" is a business transformation company established in 2015 that provides services like customer care, e-commerce, healthcare back-office support, and data entry and analysis. Its vision is to cater to a global audience with cross-functional expertise, and its mission is to accomplish clients' dreams by providing world-class, efficient solutions. The company aims to improve processes by understanding core workflows and applying improvement techniques to exceed expectations. It is led by a team of experienced professionals focused on strategic solutions and quality output for clients.
The document provides a training manual on customer development with 14 rules or guidelines. Some of the key points covered in the rules include: conducting customer development outside the company by talking to potential customers to learn facts; pairing customer development with agile development to iterate based on customer feedback; embracing failure as part of the learning process through experiments and pivots; using a business model canvas to track hypotheses and iterate based on customer validation or rejection; and focusing on passion and speed in decision making. The overall message is that customer development is about turning hypotheses into facts through customer validation, which requires getting outside the building to interact with potential customers.
BA and Beyond 19 - Lynda Girvan - User story workshopBA and Beyond
This half day interactive workshop provides attendees with an understanding of User Stories within an agile context. During the workshop Lyn will explore the purpose of user stories, when and how to create them and how to manage them through to successful working solutions. You will leave this workshop with a good understanding of how to create, refine and manage user stories and use them effectively.
RockIT was incorporated in June 2011 and hired its first employees in September 2011. It currently has 4 employees focused on sales and recruiting who have worked with 15 startup clients, primarily at the Series A stage, to successfully place 10 candidates for $180k in revenue. RockIT hit its 2011 goals and is aiming to increase placement revenue to $275k in Q1 2012, hire 2-3 new employees, and move to a larger office, while developing training and evaluating new systems. Its long-term goals are to become the top recruiting firm in the Bay Area working with companies of all sizes and technologies through a team-based approach.
The document discusses common "Agile Business Gaps" that occur when organizations implement Agile development practices but do not adapt other business processes. It identifies three main gaps: 1) lack of dedicated Agile product owners, splitting the product manager and owner roles; 2) misalignment between Agile sprints and approval/requirements processes; 3) difficulty funding continuous delivery due to project-focused budgets. Tips are provided to address each gap, such as separate product owner and manager roles, aligning discovery sprints with development sprints, and estimating costs in sprints to fit a project funding model. The goal is for organizations to close these gaps and achieve the vision of an "Agile Business" with benefits like earlier value
BA and Beyond 19 Andrej Guštin - Mirror mirror on the wall Who's the wisest o...BA and Beyond
Recently, machine learning algorithms surpass humans intelligence in many areas (go, chess, poker). Operational optimization (logistic, back-office) and customer behaviour predictions (marketing, sales) are some of the top priorities in companies to digitize their business.
But only a few can remember that it all started in Bletchley Park with the need to break the Enigma Code. Without business analysis techniques they probably wouldn’t have succeeded. BA approaches that were used back in the day are still valuable today.
We will present two real (banking sector) cases and their results to demonstrate analytical phases of designing, developing and using predictive analytics models that process customer data daily and recommend actions, based on predefined business rules and decision points in workflows. From Stakeholder Needs aligned with their Value we will show how to build smart predictive algorithms to determine the “next best action” and “preferred channel” in the Context of better CX.
Defined KPI’s measure VALUE daily and enable BA to monitor effectiveness and efficiency continuously, detect potential issues and take necessary corrective actions. In 5 months we increased the VALUE to 450% and needed 16 days to achieve ROI.
Key takeaways:
- Examples of different approaches we have taken to implement valuable predictive analytics solution, including what works and what doesn't
- How BAs can balance between external Customer eXperience view and internal stakeholders need to maximize the value of the project
- Large quantities of data exist, but the value is in analytics, not only the right algorithms that will work, but that they improve CX and add value.
- Approaches to ensure that algorithms and procedures used within project are "good enough"
This document provides advice on scaling startups. It discusses the need to broaden vision as a startup scales, reevaluate growth stages and financial models, address cash flow problems, chart aggressive revenue goals, hire senior leadership, focus on product development through a repeatable process, scale key areas like users and revenues, and consider expanding geographic presence. The overall message is that scaling requires planning across business functions with a focus on product, people and processes.
Using the Sales & Marketing process effectivelyEquiteq
Attract, nurture and convert the right clients.
Our analysis from hundreds of consulting firms, regardless of geography or sector, shows that this is the weakest of the 8 levers, yet it’s crucial for sustained growth. Weak sales and marketing processes are most commonly the reason firms plateau or stall, something we don’t want you to experience as it’s very draining, not to mention that it really puts buyers off. Find out how to make sure you meet your sales targets and show buyers a smooth upwards trajectory – and avoid a financial history that looks like the Rockies!
How can you smash the growth glass ceilings?Equiteq
Equiteq’s research reveals that only 1 in 25 consulting firms break through the growth Glass Ceilings to exceed revenues of $10m and only 1 in 100 consulting firms break through the $20m barrier. This is because owners aren’t equipped to handle the changes necessary at each Glass Ceiling stage. Watch this presentation to help you succeed in your objective to grow equity value and sell your consulting firm.
This document provides an overview of business plans, including their purpose and typical components. It discusses the different types of plans, such as vision statements, elevator pitches, executive summaries, and full business plans. Each plan type is designed for a specific audience and contains varying levels of detail. The document also covers best practices for writing each section of a full business plan, including the company description, products/services, market analysis, organization, financial projections, and appendix. Special considerations are discussed for different types of businesses and audiences.
Cesar Gon is the President of very successful IT services company CI&T. At the Lean Digital Summit 2018 he explained how Lean helped him and his company innovate and grow fast. More Lean IT stories on www.lean-digital-summit.com
Client relationships:View these slides to learn why keeping great relationships with the right clients is good for them and for the value of your business.
A balanced portfolio of quality clients with relationships at senior levels, supported by well-managed account plans, showing growing revenue streams, is highly desirable both for the firm and for potential buyers. Learn how to identify your ideal clients and how to nurture and grow those clients, reducing risk and ensuring you maintain a long-term, mutually beneficial client base.
Five tips for startup success. Presented by Simon Rowell, founder of Innovation Liberation Front, a business consultancy fighting for good ideas to prosper.
"Driving Adoption for your Startup" by Emil Martinsek, VP of Product & GrowthTheFamily
The document discusses principles for driving adoption of new products or services by focusing on customer needs. It emphasizes the importance of understanding who the target customer segments are by analyzing customer attributes, motivations, and how the product can meet their needs. It also stresses validating the product solves the right problems for customers through qualitative and quantitative testing, following customers to get feedback, and meeting them where they are rather than relying on marketing tricks or hype. The overall message is that understanding and focusing on customers is key to driving adoption.
View from the Trenches: Lessons Learned in the Enterprise, Ken Durand, Atlant...Lean Startup Co.
Ken Durand, Head of Innovation at the Atlanta Ideas Factory (Ericsson) talks about hitting the ground running with a Lean Startup program only to find that the results were (shall we say) mediocre. In this honest talk, he’ll discuss what it took to get the necessary (continued) support, why it was imperative for the team to do an honest self-assessment of what was going right, and more importantly, what was going wrong. He’ll lead a participatory discussion with the audience on how to hire and lead for innovation.
If you're looking to accelerate innovation, you have to hack your business, and there’s no better way to do that than with a hackathon. Hackathons are quick and effective ways for companies to tackle problems and innovate for the future.
The document summarizes the stages and process for startups applying to the LaunchPad accelerator program at NDRC. It outlines the typical stages a startup goes through including problem/solution fit, product/market fit, and scaling. It then details the application process for LaunchPad, which involves an online application due by November 11th, followed by invitations to pitch and pitches occurring from November 21st-30th. The selection criteria look for pre-seed startups in digital/technology with international growth potential. The pitch session involves a 10-minute pitch and Q&A to the selection panel addressing the problem, solution, opportunity, competitive advantages, business model, team, and risks. Offers will be issued by December
Thinking of using Lean in Sales and MarketingBusiness901
This is the first video of three introducing Lean to Sales and Marketing. It is aimed at mature companies, and even more focused on companies practicing Lean in operations.
BrainSell's webinar, hosted by customer success manager Ali Lipman and co-hosted by Joakim Norlinder (CEO of Ark Systems AB) and Samer Baroudi (SugarCRM Director of Product Marketing). 9/12/18.
Axcelion Partners is a strategy and operations consulting firm that helps companies capture value. They have 35 years of experience working with companies of all sizes. Their services include developing and executing growth strategies, improving profitability, and transforming businesses. They work with start-ups, small and medium businesses across many industries.
View from the Trenches: What Went Wrong with Our Lean Startup Program?Lean Startup Co.
Ken Durand, Ericsson, @atlideafactory
With all of the success of Lean in the startup community, this should be pretty easy to implement in the Corporate environment, right? After launching with very little to show in the way of success, the team in Ericsson’s Atlanta Idea Factory had to take a step back and evaluate what changes were necessary to implement Enterprise Lean Startup with success. One key principle had to be learned… People are an organization’s greatest asset, AND its greatest barrier to success.
intelleKt" is a business transformation company established in 2015 that provides services like customer care, e-commerce, healthcare back-office support, and data entry and analysis. Its vision is to cater to a global audience with cross-functional expertise, and its mission is to accomplish clients' dreams by providing world-class, efficient solutions. The company aims to improve processes by understanding core workflows and applying improvement techniques to exceed expectations. It is led by a team of experienced professionals focused on strategic solutions and quality output for clients.
The document provides a training manual on customer development with 14 rules or guidelines. Some of the key points covered in the rules include: conducting customer development outside the company by talking to potential customers to learn facts; pairing customer development with agile development to iterate based on customer feedback; embracing failure as part of the learning process through experiments and pivots; using a business model canvas to track hypotheses and iterate based on customer validation or rejection; and focusing on passion and speed in decision making. The overall message is that customer development is about turning hypotheses into facts through customer validation, which requires getting outside the building to interact with potential customers.
BA and Beyond 19 - Lynda Girvan - User story workshopBA and Beyond
This half day interactive workshop provides attendees with an understanding of User Stories within an agile context. During the workshop Lyn will explore the purpose of user stories, when and how to create them and how to manage them through to successful working solutions. You will leave this workshop with a good understanding of how to create, refine and manage user stories and use them effectively.
RockIT was incorporated in June 2011 and hired its first employees in September 2011. It currently has 4 employees focused on sales and recruiting who have worked with 15 startup clients, primarily at the Series A stage, to successfully place 10 candidates for $180k in revenue. RockIT hit its 2011 goals and is aiming to increase placement revenue to $275k in Q1 2012, hire 2-3 new employees, and move to a larger office, while developing training and evaluating new systems. Its long-term goals are to become the top recruiting firm in the Bay Area working with companies of all sizes and technologies through a team-based approach.
The document discusses common "Agile Business Gaps" that occur when organizations implement Agile development practices but do not adapt other business processes. It identifies three main gaps: 1) lack of dedicated Agile product owners, splitting the product manager and owner roles; 2) misalignment between Agile sprints and approval/requirements processes; 3) difficulty funding continuous delivery due to project-focused budgets. Tips are provided to address each gap, such as separate product owner and manager roles, aligning discovery sprints with development sprints, and estimating costs in sprints to fit a project funding model. The goal is for organizations to close these gaps and achieve the vision of an "Agile Business" with benefits like earlier value
BA and Beyond 19 Andrej Guštin - Mirror mirror on the wall Who's the wisest o...BA and Beyond
Recently, machine learning algorithms surpass humans intelligence in many areas (go, chess, poker). Operational optimization (logistic, back-office) and customer behaviour predictions (marketing, sales) are some of the top priorities in companies to digitize their business.
But only a few can remember that it all started in Bletchley Park with the need to break the Enigma Code. Without business analysis techniques they probably wouldn’t have succeeded. BA approaches that were used back in the day are still valuable today.
We will present two real (banking sector) cases and their results to demonstrate analytical phases of designing, developing and using predictive analytics models that process customer data daily and recommend actions, based on predefined business rules and decision points in workflows. From Stakeholder Needs aligned with their Value we will show how to build smart predictive algorithms to determine the “next best action” and “preferred channel” in the Context of better CX.
Defined KPI’s measure VALUE daily and enable BA to monitor effectiveness and efficiency continuously, detect potential issues and take necessary corrective actions. In 5 months we increased the VALUE to 450% and needed 16 days to achieve ROI.
Key takeaways:
- Examples of different approaches we have taken to implement valuable predictive analytics solution, including what works and what doesn't
- How BAs can balance between external Customer eXperience view and internal stakeholders need to maximize the value of the project
- Large quantities of data exist, but the value is in analytics, not only the right algorithms that will work, but that they improve CX and add value.
- Approaches to ensure that algorithms and procedures used within project are "good enough"
This document provides advice on scaling startups. It discusses the need to broaden vision as a startup scales, reevaluate growth stages and financial models, address cash flow problems, chart aggressive revenue goals, hire senior leadership, focus on product development through a repeatable process, scale key areas like users and revenues, and consider expanding geographic presence. The overall message is that scaling requires planning across business functions with a focus on product, people and processes.
Using the Sales & Marketing process effectivelyEquiteq
Attract, nurture and convert the right clients.
Our analysis from hundreds of consulting firms, regardless of geography or sector, shows that this is the weakest of the 8 levers, yet it’s crucial for sustained growth. Weak sales and marketing processes are most commonly the reason firms plateau or stall, something we don’t want you to experience as it’s very draining, not to mention that it really puts buyers off. Find out how to make sure you meet your sales targets and show buyers a smooth upwards trajectory – and avoid a financial history that looks like the Rockies!
How can you smash the growth glass ceilings?Equiteq
Equiteq’s research reveals that only 1 in 25 consulting firms break through the growth Glass Ceilings to exceed revenues of $10m and only 1 in 100 consulting firms break through the $20m barrier. This is because owners aren’t equipped to handle the changes necessary at each Glass Ceiling stage. Watch this presentation to help you succeed in your objective to grow equity value and sell your consulting firm.
This document provides an overview of business plans, including their purpose and typical components. It discusses the different types of plans, such as vision statements, elevator pitches, executive summaries, and full business plans. Each plan type is designed for a specific audience and contains varying levels of detail. The document also covers best practices for writing each section of a full business plan, including the company description, products/services, market analysis, organization, financial projections, and appendix. Special considerations are discussed for different types of businesses and audiences.
Cesar Gon is the President of very successful IT services company CI&T. At the Lean Digital Summit 2018 he explained how Lean helped him and his company innovate and grow fast. More Lean IT stories on www.lean-digital-summit.com
Client relationships:View these slides to learn why keeping great relationships with the right clients is good for them and for the value of your business.
A balanced portfolio of quality clients with relationships at senior levels, supported by well-managed account plans, showing growing revenue streams, is highly desirable both for the firm and for potential buyers. Learn how to identify your ideal clients and how to nurture and grow those clients, reducing risk and ensuring you maintain a long-term, mutually beneficial client base.
Five tips for startup success. Presented by Simon Rowell, founder of Innovation Liberation Front, a business consultancy fighting for good ideas to prosper.
"Driving Adoption for your Startup" by Emil Martinsek, VP of Product & GrowthTheFamily
The document discusses principles for driving adoption of new products or services by focusing on customer needs. It emphasizes the importance of understanding who the target customer segments are by analyzing customer attributes, motivations, and how the product can meet their needs. It also stresses validating the product solves the right problems for customers through qualitative and quantitative testing, following customers to get feedback, and meeting them where they are rather than relying on marketing tricks or hype. The overall message is that understanding and focusing on customers is key to driving adoption.
View from the Trenches: Lessons Learned in the Enterprise, Ken Durand, Atlant...Lean Startup Co.
Ken Durand, Head of Innovation at the Atlanta Ideas Factory (Ericsson) talks about hitting the ground running with a Lean Startup program only to find that the results were (shall we say) mediocre. In this honest talk, he’ll discuss what it took to get the necessary (continued) support, why it was imperative for the team to do an honest self-assessment of what was going right, and more importantly, what was going wrong. He’ll lead a participatory discussion with the audience on how to hire and lead for innovation.
If you're looking to accelerate innovation, you have to hack your business, and there’s no better way to do that than with a hackathon. Hackathons are quick and effective ways for companies to tackle problems and innovate for the future.
The document summarizes the stages and process for startups applying to the LaunchPad accelerator program at NDRC. It outlines the typical stages a startup goes through including problem/solution fit, product/market fit, and scaling. It then details the application process for LaunchPad, which involves an online application due by November 11th, followed by invitations to pitch and pitches occurring from November 21st-30th. The selection criteria look for pre-seed startups in digital/technology with international growth potential. The pitch session involves a 10-minute pitch and Q&A to the selection panel addressing the problem, solution, opportunity, competitive advantages, business model, team, and risks. Offers will be issued by December
Thinking of using Lean in Sales and MarketingBusiness901
This is the first video of three introducing Lean to Sales and Marketing. It is aimed at mature companies, and even more focused on companies practicing Lean in operations.
BrainSell's webinar, hosted by customer success manager Ali Lipman and co-hosted by Joakim Norlinder (CEO of Ark Systems AB) and Samer Baroudi (SugarCRM Director of Product Marketing). 9/12/18.
Axcelion Partners is a strategy and operations consulting firm that helps companies capture value. They have 35 years of experience working with companies of all sizes. Their services include developing and executing growth strategies, improving profitability, and transforming businesses. They work with start-ups, small and medium businesses across many industries.
Axcelion Partners is a strategy and operations consulting firm that helps companies capture value. They have 35 years of experience working with companies of all sizes. Their services include developing and executing growth strategies, improving profitability, and transforming businesses. They work with start-ups, small and medium businesses across many industries.
The document provides an overview of Yagna, a professional cooperative of consulting entrepreneurs that helps small and medium enterprises (SMEs) achieve sustainable growth using Theory of Constraints (TOC) principles. Yagna's approach involves conducting an initial assessment to identify an SME's core issues, developing a direction for solutions, and working with the SME over 90 days to transition from chaos to success by implementing measures like controlled material flow, planning mechanisms, and performance reviews. The summary highlights Yagna's vision of helping 1,000 SMEs achieve 10-20x bottom-line growth by 2025 and examples of results clients achieved, such as reduced lead times, higher throughput, and increased sales.
The document discusses effective online promotion strategies for foreign direct investment (FDI). It identifies 15 key challenges that investment promotion agencies face with online strategies, such as unstructured inquiry responses and lack of focus on clients' needs. It provides examples and recommends solution best practices, including standardized processes, personalized engagement, and social media initiatives. The goals are to increase FDI deals by reducing transaction costs and helping clients decide on locations.
HR impacts the bottom line. But how do you prove it?
Discover the outcomes organisations like yours have achieved with talent measurement and the latest innovations in best practice assessments.
The document discusses Outside In Consulting and their focus on understanding processes from the customer's perspective. It provides an example of how FedEx Kinko's improved their services by living the life of the customer and understanding their needs and pain points. The document advocates understanding the customer journey and identifying opportunities to remove "moments of truth" that cause friction. This helps define a successful customer outcome and create action plans to better meet customer needs.
Why do companies need to manage the entire customer experience? New analysis reveals that the entire customer journey - the series of interactions with a brand - is more important than any single touchpoint experience. Leading companies identify and effectively manage a few "key journeys." When companies perfect managing the entire customer journey, they reap significant benefits—including enhanced customer and employee satisfaction, reduced customer churn, increased revenue, lower costs, improved organizational collaboration, and competitive advantage. Presented at the Harvard Business Review webinar. For more on customer decision journeys: http://mckinseyonmarketingandsales.com/topics/customer-decision-journey
Welcome to the largest, most comprehensive call center events in the world. The 2012 Call Center Week was the largest in its event history. Over 1,200 customer-focused executives came together to discuss executing innovation in a multi-channel environment. Join us in Vegas and find out how to play an even bigger role in the success of your company as you position the customer experience as a strategic business driver.
SUPPORTING GROWTH IN AFRICA: DELIVERING INNOVATIVE AND MARKET SOLUTIONS Ruth Adams
At SSCG we support clients to do business in Africa and navigate market challenges, de-risk operations and strengthen value chains to increase efficiency. We provide focused managerial perspective and analytics to help you understand your market and consumers, enhance decision making, performance and growth.
E-Technologies Group Final PresentationSurayya Hasan
My group consulting project for Cincinnati based technology company, E-Technologies Group. We developed a value proposition and marketing strategy as a semester long project.
The document provides information about FinancialForce, including:
- It discusses FinancialForce's offices located around the world and over 60 employees in its Granada office.
- It outlines FinancialForce's solutions for financial management, services automation, revenue recognition, forecasting, billing, and human capital management.
- It describes FinancialForce's values of collaboration, sharing, celebration, and priorities of trust, transparency, growth, and communication.
This document describes an on-demand advisory and support service called Rapid Problem Solving, Insights and Support in remote deep dive sessions. It provides concise summaries in 3 sentences or less that provide the high level and essential information from the document. The service provides remote expert sessions to help clients solve problems, gain insights, and develop strategies. It allows clients to access expertise flexibly on an as-needed basis. The document outlines the types of support and advisory services offered, as well as pricing options for the on-demand service.
Introduction to Customer Insights, Analytics and SegmentationSuperFluid Labs
This document discusses growing and retaining valuable customer portfolios through customer insights, analytics, and segmentation. It introduces Superfluid Labs, an AI company that provides customer insights automation through their SuperScore platform. The presentation includes speakers from Superfluid Labs who discuss why customer insights are important for business success like understanding customers, increasing retention, innovating products, and increasing profits. Real-life business examples are provided of companies using customer data effectively for targeting, cross-selling, reducing marketing costs, increasing retention and loyalty, and innovating new products. A demo of the SuperScore platform is shown and a Q&A session is held at the end.
This document advertises a two-day workshop on customer experience management. The workshop will provide practical strategies and insights for optimizing the customer experience, developing social media strategies, understanding implications of consumer protection laws, and cultivating a customer-centric culture. Attendees will learn how to improve customer satisfaction, engage customers across all touchpoints, and utilize social media to build brand loyalty. The workshop is aimed at customer-facing professionals and will be facilitated by experts in strategy, governance, and digital marketing.
MWD Advisors: Process Visibility-Enabling Business Transformation - Keynote P...Software AG
The document discusses the need for process visibility and intelligence in large organizations. It argues that new digital technologies are disrupting traditional business models and enabling more integrated and flexible operations. However, most large organizations still struggle to achieve true customer experience excellence due to a lack of end-to-end process visibility across dispersed functions. The document advocates developing a capability for process intelligence through integrated digital systems that apply relevant knowledge to business processes in real-time in order to improve decision-making, performance, and agility.
Lowendalmasaï enterprise cost management Giuseppe Mele
Lowendalmasaï is an international management consulting company which helps enterprisesto improve their business through cost management efficiency that enhance their long term performance and finances their growth, while protecting human capital.
We had a wide presence in Europe, with own offices in France, Italy, Spain, Portugal, UK, Germany and the Netherlands, and outside Europe in China and Japan.
In Italy the Group offer is structured along the business lines: Innovation Financing, Labour Cost, Fiscal, Purchasing & Cost Performance and Working Capital.
Furthermore we developed a widespread network which allows us to support our clients in most European countries plus USA, Tunisia, Israel, Turkey and India.
For info:
gmele@lowendalmasai.com
M. +39 348 6657917
Presentation at annual IASA Conference on optimizing insurance operations with case study participation from Nick Intrieri of AXA Equitable and Thomas Noh of Farmers Insurance.
For organisations that need to keep up with the velocity of change in their markets, customers and technology, Digital Agility is an end-to-end concept to market approach that enables you to deliver innovation faster and with less risk.
Unlike traditional product development and delivery models, Digital Agility is a lean, insight driven technique that helps you become more nimble, innovative, and responsive.
Customer Segmentation: Design and Delivery (Webinar)CGAP
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3. How do we improve our
registration process?
The problem
• Get the customer ready to transfer in less
than 15 mins.
• Provide a self serve out of the box
experience
• Enable personalisation journeys for
customers
• Scale business process by automating &
validating in real time – Increase STP
• Enable global business process standards
Current journey to target state
journey
9. What we will do
differently next
time?
Last words
10. Level 19, 60 Margaret Street, Sydney NSW 2000 Australia. www.ofx.com
www.linkedin.com/in/hughmacdermott
Editor's Notes
Hello – my name is Hugh Macdermott and I am the Head of Product for OFX
OFX is one of the world’s leading international money transfer companies. With operations in Australia, New Zealand, North America, Europe and Asia, we aim to provide our customers with an excellent digital experience supported by 24/7 phone support. OFX’s parent company, OFX Group Limited is listed on the Australian Stock Exchange. OFX’s platform enables simple, fast and secure borderless payments and the capability to speak to OFX representatives 24/7 no matter where you are in the world. Operational since 1998, we have managed over 5 million transfers, totalling in excess of AUD$125 billion.
OFX offers two core products, Global FX Payments and Global Currency Account (GCA).
Global FX Payments:
Global Payments is our standard international money transfer, transferring money from one global currency to another. Customers can make a Global Payment via OFX’s Website, App and also calling the call centre.
Global Currency Account:
Global Currency Account is an Accounts Receivable product enabling customers to receive funds in multiple currencies into a virtual bank account and manage their money using the OFX platform paying either themselves or third-party suppliers. All payments are made using OFX’s Global Payments technology. GCA is predominately used by Online Sellers, selling through platforms such as Amazon, eBay etc and is managed through OFX’s website.
In a highly regulated industry (I believe) there is a perception that you are either unable to innovate or innovation is incredibly slow due to Compliance or other Regulatory reasons.
However, this is not necessarily the case. I believe that there is a lot of opportunity to work “within the framework” that enables your business to be quite nimble and innovative in this space.
In this talk I will discuss an example of how we looked at a problem at OFX and what we have done to solve this problem, evolve how we as a business look at our customer problems and where we will look for further improvements in the future.
Let’s start with our problem statement – How do we improve our registration process for our corporate customer base?
Where are the pain points for our customers in the registration process?
How long does it take for our customers to register?
What are the metrics we want to review – customer drop off rate, time to complete registration, how long does it take to be approved and ready to transact?
First things first:
What is the User Journey ? – this was created by our UX team and it was our starting point to look at where/what we could improve.
This is where we started our discussions with all business departments (including Compliance) – what notifications need to be sent out vs what is actually being sent out. Do we need to ask question A at point X or can we move that question to a better more logical place later (or earlier) in the process.
After the user journey was completed we then took the opportunity to run a Google Design Sprint on the registration process.
For those who have not experienced a Design Sprint – It is an intensive process run over 5 days that aims to work quickly to get a validated solution to a complex business problem. OFX had never tried this methodology or looked at a customer problem in this way before. It was a perfect opportunity to try something different and to bring together a number of business groups that are not normally working together to drive a new customer experience.
Why did we try this?
My goal is to help evolve how we do things at OFX and now we had the perfect project to start to Change the culture of how we look at problems.
We wanted to save time and money – and get something in front of an audience to validate as soon as possible
We want to reduce our product development cycle
We need to measure real feedback – learn and move on from this quickly
For our Product group this was the right time to try this change.
How did we approach the Sprint?
The facilitators were the UX team. We brought together business representatives from all parts of the business. Being a global company - the main business stakeholder was the head of the North America region. A room for the week was held. Diaries were cleared for a core group of people made up of – UX / Design, Product, Engineering, and then further groups were pulled into sessions depending on the day and the tasks that needed to be performed.
First things – understanding the problem.
What were the main customer problems?
Customers felt there was a lack of information upfront about what is needed to setup an account ready to transfer money.
Customers told us that we had poor communication and we provided only a limited ability to track progress of the registration process
Customers felt there was too much effort to register, which, combined with the lack of information and poor communication led to customer frustration with the entire process
What were the business problems?
OFX did not have a standard way to track the process internally and the hand over between teams meant customer information could be misplaced or slow to be actioned
We were unhappy with the time it took to onboard and have a corporate client ready to transact.
Setting up a GCA account takes time, and most information was sent through via email which was difficult to track and keep on top of
There is too much manual effort internally dealing with registrations – it is hard to scale up resources to deal with bulk registrations
Quite different processes have evolved in the global offices which lead to inconsistencies and delays to process registrations
This meant there was actually a lot of opportunity to improve things!
Next we defined the problem statement – “Lucy” from company.inc has an immediate need to transfer money. She wants to set up a relationship so she can focus on her business and not worry about her FX needs.
Taking this into account our new customer experience we wanted to fit within our guiding UX and Design principles:
It has to be Quick
It has to be Clear and
It has to be Easy
We also worked on a customer value proposition based on :
The Corporate customer comes to OFX to make a transfer or receive funds quickly at the best rates.
Customer Pains – There are too many channels and manual effort to set up a business account
Customer Gains (where is The Value) – The customer saves money and is able to talk directly to a dealer if there are any questions that need answering
This all helped with our target customer journey.
The key outcomes being:
An automated Electronic Verification (EV) process
Alignment of business teams to be on the same path and also working in tandem with the customer throughout the journey
Improved digital EV and KYC compliance needs met
We validated our Ideas with customers around the globe.
Running feedback sessions in AU, US + CA
What worked well:
Running a Design sprint gave us a quick process from defining a problem to validating a solution in a short time frame
We took the opportunity to look at what our competitors are doing as well as looking at examples from other business industries as a team (this had previously been done in isolation if at all). A great change for OFX.
Involving stakeholders with different levels of expertise across the business and including from different regions to ideate together, helped to get buy in on ideas. Also some team members found it challenging to draw and transform their ideas into an interface but the collaborative format allowed for diverse ideas and various perspectives.
Involving global stakeholders and developers throughout the process (would like to point out a couple of video links in these photos where people joined us from different regions around the world.) had not been done before and this helped to generate some buzz around this initiative.
Validating and getting customer feedback early in the process helped to eliminate assumptions and we adjusted quickly to evolve the end state experience.
What did we learn from the experience?
We had a lot of interest in this Design sprint as it was new, and different, and exciting. This interest in a new project was quite different to previous project kick off events where participation from other business groups was sketchy at best.
We selected a core team of 8 people to run this initiative. This was the first time OFX ran this methodology so we brought the core team together based off their previous experience of participating in a Design sprint elsewhere and people that worked directly on the existing registration process. The number of participants grew to 20 for certain exercises like target journey mapping & internal feedback sessions.
Although we at OFX like to think we are customer focused this method highlighted how not everyone internally is *actually* keeping the customer at the center of their thinking. Here is a quote from a participant prior to the event :
“I have a certain work process and prefer to solve a problem to cater to my way of working” (not exactly a customer first approach), however, after participating in this Design Sprint this same participant came around to say:
“I have a new appreciation on how we can work as a team to solve our customer’s problems”.
This process also helped the wider business participants to gain experience of the various market challenges that influence our regional offices. When you work in one place you don’t always get the opportunity to understand how different markets and processes evolve which then impacts how your customers interact with your products or service.
Ideation is sometimes daunting & very intimidating – Some team members from other parts of the business were out of their comfort zone when they had to bring their ideas to life & present to the team. The UX team worked hard to reassure everyone that there are no bad ideas, being uncomfortable is fine – it is all part of the journey.
Including regional & remote stakeholders is challenging
It is very difficult to make them feel included during white board sessions. We all had to work outside of our normal work hours at times, especially to participate in important sessions and to avoid designing in isolation.
We scheduled our agenda to fit the key sessions around regional stakeholders working hours. This was not a 9am to 5pm week of work.
It was a very successful process on a number of levels.
We started with a bunch of customer & internal business process problems & ended up with a validated solution in just 5 days.
We went from completion of design sprint to final designs ready for build in 2.5 weeks.
This process forced teams to think differently. We really brought the “corporate customer” to the centre of our thinking. This resulted in our business process evolving around them and how we could be more efficient as a business to serve this customer segment. We even managed to challenge the heavy compliance process to improve the customer experience.
There has been a change in attitude and culture. After the groups had been brought together there has been follow up discussions across what was previously business divides. Walls have been broken down and a new appreciation of what different business groups do has been achieved. Regional offices seem more connected (at least for now).
However, there is also an appreciation that this is a work in progress. Yes - we managed to achieve a lot of our internal goals but this was just one small project and it was our first efforts of working differently. This was a great project to pick up some internal momentum of change, but I do not want to see this being the only internal effort of change. We have a lot of room at OFX to continue to change and evolve our processes to bring better products and services to life for our customers.
Even better news: We are well into development and we will have an updated registration process for our corporate customers live very soon. Thanks to this process we already know that we are building an experience that is Quick, it is Clear and much Easier for our customers to complete than what we currently have live. This improvement cant come soon enough.
So what will we do differently next time?
We will start the ideation process earlier. Bringing it forward to day 2 will help as this was a really positive process but due to people learning how to do this we took longer than expected on this. We will also look to remove the target journey story mapping exercise as part of the design sprint. We didn’t find this as valuable as the ideation phase and really getting into the iterative feedback loop of the design process. The story mapping exercise can be run later.
Take more breaks – and get more food. It is an intense 5 days and keeping everyone hydrated and tummies filled helps to keep the positive energies up. We really noticed people starting to flag in the later half of the week. Breaking up the day in a better way will help with this. We also think that doing this exercise more often will actually help as people get more used to working like this.
We need to be more prepared to help be more productive. Rather than filling an 8 hour day we will look to cut down the day to 6 or so hours to allow extra “homework” sessions. This will also allow for further research and optimization options to be considered.
To help bring more internal people along for the journey we need to look at how we set up our teams. We will partner 1st timers with more experienced people, particularly during the ideation session to make the process less daunting.
Although we had senior stakeholders contribute – I would like to see much further engagement from senior management, particularly during the “Ideas presentation and voting sessions”. This will definitely help with the cultural change and also enables management to see first hand and appreciate how ideas evolve over time and the number of different iterations that were considered and discussed.
During the prototype phase not all of the core team worked with the UX and design group closely enough. It was felt that this was “their” task to do, but it’s a team event and the team should bring to life the customer experience. We will look to make this prototyping much more integrated with the entire team contributing.
We need to appreciate the global nature of our business as this causes problems that need to be solved locally in their own unique way. We will narrow down a customer segment to 1 region. Then deliver at least 2 radical prototypes to test for that region, rather than prototyping and attempting to cater for nuances of 3 regions in only 2 days with limited resources.
Finally – I would love to make it much better for remote people to feel more involved. We need to look at better technology to facilitate online whiteboarding sessions to bring remote teams together and make this team exercise feel more together. We used video conferencing and sharing screens etc but I would really love to get something like this moving iPad machine, but I just don’t know if our CFO will actually sign off on one of these… In the mean time we will just have to continue to manually move the conference camera around to “look at the wall”.
Thank you for your time. You can find my details here – please feel free to drop me a note if you have any questions about what I have talked about today.