Creating and realizing your innovation agenda
All organizations want to drive innovation for their customers and for themselves but few are satisfied with their level of sustained innovation performance. And in today’s world of ever-shortening strategy cycles, serial innovation is a must. It used to be that innovation was desired because you couldn’t cost cut your way to prosperity over the long haul. In today’s world of digital disruption affecting every industry, you can’t survive without it.
The questions facing any organization as they work through their innovation agenda are: innovation where, what, and how. Where should I target my innovation agenda, what innovations make sense for our market and organization, how do I discover and create that innovation agenda, and how do I build the capability to become an effective serial innovator? These are large and inescapable questions in today’s rapidly changing technological and competitive landscape.
Axiom Consulting Partners works with organizations on the where, what, and how of their innovation agendas. And perhaps most importantly, we work with organizations so that they are set up to perpetuate it. This means we work with you to set up the organization to perpetually generate concepts for growth that are able to be commercialized, and help you to adjust organizational levers so that new concepts can be realized in an agile manner and on a regular basis. They are realized because of the organization, not despite the organization.
To do this we work with organizations on the closely-related issues of:
Assessing your current innovation “system” and needs
Address the what, where, and how of your innovation capability, from the ground up: “I know I need more innovation in my model, but I don’t know where to begin”
Review and assess innovation approaches and systems you currently have in place; identify the gaps and inhibitors and develop the appropriate go-forward capability-building plan
Defining Innovation Strategy
Where should we focus our innovation efforts and why (underlying market and organizational rationale)?
What does progress look like over time to achieve that innovation strategy?
Building innovation into your pipeline, offerings, or business model
What new products, services, offerings, or business model innovations should we be creating and driving in market?
What are the risks and other commercialization impediments and how do we overcome those?
Creating capability for sustained innovation
Altering organizational levers and design to create an innovation system and “flywheel”
Further developing the organization’s capabilities such that it becomes innovation-friendly, not innovation-resistant – allowing it to realize “new,” at scale, as rapidly as possible