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thegaragegroup.com Hw B Cr f C Iv Y r B The Circuit October 2013

Continuously Build Innovation into Your Business Culture

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This is the deck from a talk we gave recently on a few building blocks for starting to continuously build innovation into your business culture. We shared two practical frameworks to enable businesses to strategically build a pipeline of new product, service and business model ideas. The "What/How" Framework enables you to pinpoint spaces ripe for innovation focus-not only creating new products and services, but innovating every part of your business to drive top and bottom line growth. The Immersive Idea Development Process provides a roadmap for imagining and developing customer-relevant product, service and business model innovation by taking a smart and scrappy approach to discovering customer insight and leveraging analogs to build holistic conceptual prototypes.

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Page 1: Continuously Build Innovation into Your Business Culture

thegaragegroup.com

H!w "! B#$%& ' C#%"#r( !f C!)"$)#!#* I))!v'"$!) $)"! Y!#r B#*$)(**The Circuit October 2013

Page 2: Continuously Build Innovation into Your Business Culture

E)"r(+r()(#r$'% A++r!',-(* "! Discovering insights & building ideas

Ideation & concept

generation

holistic concept/initiative

development

entrepreneurship & innovation

training

thegaragegroup.com

Insight generation & inspiration

Page 3: Continuously Build Innovation into Your Business Culture

W-'"/H!w &Immersive idea development

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W-'" $*Business Model

Innovation?

Page 5: Continuously Build Innovation into Your Business Culture

A!"#$ %&w '&(Create, Deliver & Capture

v")(*

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E+"b)*r $& ,$"'-+.Customer/Consumer

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.(CONSTANT

F)/Nathan Harper ©

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Need an CC image

Keith Kissel ©

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Stephan Geyer ©

Page 10: Continuously Build Innovation into Your Business Culture

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Giacomo Carena ©

Page 12: Continuously Build Innovation into Your Business Culture

value proposition

financialmodel

offering mixpricing

people assets products

servicesmarketing

brand physical assets

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client experiencelocation target

clients partnerships channels

Page 13: Continuously Build Innovation into Your Business Culture

Tweak

Disrupt

Twea

k

Disrupt

How you deliver.

What

you d

eliv

er.

1. Incremental 2. Adjacent

3. Adaptive 4. Transformative

.( W-'"/H!wFramework

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S!#)&* /!!& $) "-(!r0... how do I practically enable?

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Page 25: Continuously Build Innovation into Your Business Culture

1. E+"b)* -$ From the Top

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2. 1#"+!Your Strategy

Jeff Blucher ©Jeff Blucher ©Jeff Blucher ©Bonobos ©

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70 20 10

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70 20 10What’s proven. What’s new,

but proven. What's next.

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.$)/* "! ,!)*$&(r:

Industry turbulence

Competitive activity

your company’s innovation history

Trends in your business

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3. B(-)!A Garage

Jeff Blucher ©Jeff Blucher ©Jeff Blucher ©

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I11(r*$v(idea development

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What’s Possible

What’s Needed

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1. Clarify 2. Assess 3. Collect 4. Connect 5. Build

I11(r*$v( I&(' D(v(%!+1()"5 Steps

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1. C%'r$f0 the need

Page 35: Continuously Build Innovation into Your Business Culture

Essentially, about defining the problem well and at the right level

– Not a common skill, but critical for innovation

– Hard to learn; will become easier over time

Need AREA – broad bucket of needs

Need STATEMENT – more specific articulation of the need -- is more actionable

– But, not too specific!

NOT a perfect science

Important so that we can create actionable solutions/business models that can address a need

Need Areas

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What’s wrong with this as a need area?

- Too broad, general

What are some need STATEMENTS that could emerge from this need area?

- Healthier after school snack options

- Healthier, easy to fix dinners that taste great

- Ways to help kids learn about healthy eating

NOT:

- A healthier Peanut Butter & Jelly sandwich

- A computer program that teaches kids how to eat healthier by using a video game approach

Need Area: I need ways to help my kids

to eat healthier.

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Choose 2 to 4 & think through:

Fit - mission, vision, equity

Feasibility - resources, know-how

Attractiveness - financial, impact

ChoosingNeed Statements

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2. A**(** the need

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Break need statement down into questions

Match tools to questions

Add new questions and tools as learning emerges

Look for themes and patterns

Capture learning AND implications

Needs Assessment

Page 40: Continuously Build Innovation into Your Business Culture

Healthy after school snacks

what new ingredients

are available?

what are competitors

doings?

what has been tried?

what do kids do after school?

what are kidseating today?

- Ask parents - Ask kids

- Web searches

- Hangout - observe socialmedia accounts

- trend interviews - observe thought

- Visit healthy food store

- Store visits- web searches on

home pages food manufacturers

- interview R&D leader

- search coarchives for

past research

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Existing knowledge of the team

Observation:

“Birdwatching”

In-Context Interviews

Product/Service Tour

Publicly Available Information

Blogs, Articles

Books

Data, Reports

Social Media (mine existing or query)

Competitive Analysis

Primary Research

Ethnography

Surveys

Tools to Assess Needs

Steve Woodmore ©

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Consider:

- Demographic and behavior of the target.

- How much do you already know and where did your learning come from?

- Ensure a mix of tools (experiential, quantitative, qualitative)

Which Tools to Use?

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Pr$1'r0 R(*('r,- V. O2(rv'"$!) & S(,!)&'r0 L('r)$)/

Observation often a precursor or supplement to primary research

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Start with what you already know.

Don’t over-learn.

Use what’s available.

Be curious.

Go broad.

Be “always on.”

Let learning emerge.

Start simple and literal.

Match the right tool(s) to each question.

Use your intuition.

Needs Assessment Princi+les

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3. C!%%(," analogs

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A)'%!/ = M!&(%that we want to reapply

W-(r( ' S$1$%'r C-'%%()/( was Solved

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analogs...def slide

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4. C!))(," The dots

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C!))(,"$)/ "! F!r1 I&('*+Need/Insight possibility/Analog

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Need/Insight Analog/Possibility Idea!=+

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5. B#$%& Holistic ideas

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Title/headline

conceptual prototype template

2 to 3 sentences to bring the idea to life...

Who is the target (primary & secondary)?

key players (internal) key players (external)

logic for How idea reaches financial goals Products/Services leveraged

distribution channels Pricing model

supply chain implications/ideas

organizational model implications

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1. Clarify 2. Assess 3. Collect 4. Connect 5. Build

I11(r*$v( I&(' D(v(%!+1()"5 Steps