SlideShare a Scribd company logo
Risk-
proofed
Innovation
 Improving the hit rate of
   Product Innovation
Innovation is hot

These days, innovation
    is near the top
  of every executive
        agenda
Innovation is hard
....but few businesses do innovation well
Starting with good
ideas
 There are many reasons why innovations MAY fail
     ....culture, process, strategy, execution

                      BUT

         INNOVATION WILL ALWAYS FAIL
      IF THE IDEAS ARE NOT GOOD ENOUGH
101 approaches
  There are many ways to stimulate ideation
    (from TRIZ to regressing to childhood)
Trends: risk
proofing
   Using consumer Trends as a catalyst for ideation is
             THE BEST APPROACH I KNOW

1. Trends give neutral space away from company politics

  2. Trends are a dynamic way to kick start creativity

       3. Trends are future facing by definition:
       there is a higher probability that products
        will intercept future consumer demand
Creative process
using Trends
                    Filter of Relevant
Business Briefing
                          Trends
                                         Trends Creativity   Capture of ideation   Building business
                                           Workshop(s)            outputs          case for top ideas
    Selection of     Build workshop
 Brainstorm Group   process & content
Who should
participate?
Several considerations:

- number         – never more than 10
- seniority      – a mix including 'young turks' (but need to
                   avoid people who will dominate due to rank)
- gender         - male and female
- departmental   – as necessary but want people who think
                   across the business (not in silos)
- HQ             - often important to bring in people
                   from field operations & customer facing
- creatives      – free thinkers and communicators
                   (but without a political agenda)
Who works like
this?
Futures Coaching works with many Blue Chip companies
              running ideation processes
         using Trends as the jumping off point
Successful ideas
 Virgin Atlantic used the Trends process to identify 10 key
consumer dynamics across its customer journey in airports

 Following ideation, the result was radical changes to its
        airport Clubhouses (eg. the Cowshed spa)

       A number of prestigeous awards followed....
Open for business
  If your brand needs any of the following,
       please contact Futures Coaching:

                 - better ideation
               - radical innovation
               - refreshed pipeline
    - risk proofed concepts and products
         - consumer-ready evaluation
                  - ideas filtering
           - inter-cultural validation
                 - future proofing
About Futures Coaching
           Celebrating 6 years!
Working for great clients   Doing great things
                            Anticipating
                                * the future of retail
                                * the future of offices
                                * the future of banking
                                * the future of Asian women
                            Innovating
                                * new fund-raising offers
                                * consumer healthcare NPD
                            Coaching
                                * trends training for insight teams
                                * personal rejuvenation training
                            Speaking
                                * engagements from Taipei to Toronto
                            Researching
                                * management interviews
                                * expert in-depths
                                * consumer focus groups
Contact

Landline: + 33 1 3908 0542
Skype:    futurescoaching
E-mail:   chris@futurescoaching.com

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Risk proofed innovation

  • 1. Risk- proofed Innovation Improving the hit rate of Product Innovation
  • 2. Innovation is hot These days, innovation is near the top of every executive agenda
  • 3. Innovation is hard ....but few businesses do innovation well
  • 4. Starting with good ideas There are many reasons why innovations MAY fail ....culture, process, strategy, execution BUT INNOVATION WILL ALWAYS FAIL IF THE IDEAS ARE NOT GOOD ENOUGH
  • 5. 101 approaches There are many ways to stimulate ideation (from TRIZ to regressing to childhood)
  • 6. Trends: risk proofing Using consumer Trends as a catalyst for ideation is THE BEST APPROACH I KNOW 1. Trends give neutral space away from company politics 2. Trends are a dynamic way to kick start creativity 3. Trends are future facing by definition: there is a higher probability that products will intercept future consumer demand
  • 7. Creative process using Trends Filter of Relevant Business Briefing Trends Trends Creativity Capture of ideation Building business Workshop(s) outputs case for top ideas Selection of Build workshop Brainstorm Group process & content
  • 8. Who should participate? Several considerations: - number – never more than 10 - seniority – a mix including 'young turks' (but need to avoid people who will dominate due to rank) - gender - male and female - departmental – as necessary but want people who think across the business (not in silos) - HQ - often important to bring in people from field operations & customer facing - creatives – free thinkers and communicators (but without a political agenda)
  • 9. Who works like this? Futures Coaching works with many Blue Chip companies running ideation processes using Trends as the jumping off point
  • 10. Successful ideas Virgin Atlantic used the Trends process to identify 10 key consumer dynamics across its customer journey in airports Following ideation, the result was radical changes to its airport Clubhouses (eg. the Cowshed spa) A number of prestigeous awards followed....
  • 11. Open for business If your brand needs any of the following, please contact Futures Coaching: - better ideation - radical innovation - refreshed pipeline - risk proofed concepts and products - consumer-ready evaluation - ideas filtering - inter-cultural validation - future proofing
  • 12. About Futures Coaching Celebrating 6 years! Working for great clients Doing great things Anticipating * the future of retail * the future of offices * the future of banking * the future of Asian women Innovating * new fund-raising offers * consumer healthcare NPD Coaching * trends training for insight teams * personal rejuvenation training Speaking * engagements from Taipei to Toronto Researching * management interviews * expert in-depths * consumer focus groups
  • 13. Contact Landline: + 33 1 3908 0542 Skype: futurescoaching E-mail: chris@futurescoaching.com