Satisfying customers and taking care of our employees, employers, colleagues are the most important responsibilities business leaders accept. In order to do so we need to be aware of the changing circumstances - competition, industry trends, macro-economics, demographics among other forces.
Since early 2020, the world has changed and whether you’re ready or not we’re not going back to the way things were in late 2019. Technology, economics and other market forces are driving change at an unprecedented rate and as innovation leaders it’s our job to scout these trends, design meaningful solutions, and show our peers the future.
Failing to lead in this environment has drastic consequences – business units folding, innovation budgets being downsized or cut entirely, and widespread layoffs are common in the post-pandemic world. These threats will continue. Careers, families, and businesses continue to face significant pressure to perform and the only way to produce outcomes in this environment is to design products, services, and new offers - new innovations - that help others take care of their concerns.
It’s our role as innovation leaders to continually design, validate, develop, and bring new innovations that drive impact, outcomes, and results. But how is this accomplished? What are the barriers? How do we secure resources and support? What does it look like to source new ideas, vet them, and usher them through a rigorous process that ultimately leads to outsized results all within a hostile and fiercely competitive global marketplace driven by constant innovation from small to large organizations?
It’s our firm belief, after researching and collaborating with the top corporate innovation teams from some of the most recognized global organizations, that peer driven collaboration offers unique opportunities to solve big innovation and growth challenges at the same time making individuals and organizations more adaptable to quickly changing circumstances.
Building an innovation practice is not a trivial project. It requires a full range of skills, talent, resources, opportunities, networks and so much more. But after innovation becomes a regular practice and the function matures to the point of continually producing results, then innovation offers the opportunity to lead markets, set precedents, and produce standards that competitors must match.
The Innovators CoLab offers three month working groups to design, develop, and deploy new innovations. Working with a select group of innovation peers while being led by expert facilitators, our Innovation Strategy Design Working Group will establish or re-establish a rigorous process by which new innovations – products, service, business models – can be produced on an ongoing basis keeping your organization fresh, competitive, and profitable.
Our working groups have been designed to help participants design new offers, increase revenues, expand market share, and grow incomes. To learn more about our next working group follow the link below.