Innovation Nursery
Incubating Successful Innovation at its roots
Reinventing at the Root
No matter how successful you are, there always comes a time for an enterprise to reinvent itself. We are at one such Strategic Point of Inflection (SPOI) in our societies. We need to focus first on the Mind 2 Market (Invention to Innovation Cycle) before the Time 2 Market (Innovation to Improvisation Cycle). The three levels of Systemic (No Precedent), Systems' (Out of the Box) and Systematic (Continuous Improvement) is necessary from fresh roots.
Typical Innovation Failure rates are around 40% and US alone accounts for $215 billion in lost innovation expenses in the US annually. According to the Decision IQ Framework survey analysis, innovation decisions are 2.5 times more likely to fail than typical business decisions, with outcomes missing expectations 50% of the time.
Research reveals that most (more than 60%) fail because of a failure to define accurately. On a maturity scale of 0 - 5,
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Innocence = 0 when an enterprise has some understanding of the subject matter that is mostly hearsay.
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Awareness = 1 when an enterprise makes an attempt to engage on the subject to relate to its importance.
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Understanding = 2 when an enterprise make a conscious effort to "Learn" the subject.
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Definition = 3 when an enterprise is able to precisely relate the subject to its aspirations and define a pathway for its accomplishment.
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Competency = 4 when an enterprise is able to fuse Data, Role / Talent, Materials / Resources / Energy, Financial Capital and Intelligent Infrastructure to implement its planned transformations.
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Excellence = 5 when an enterprise not only implements cutting edge solutions but is also able to motivate its Customers & Consumers to use its products and services responsibly.
The offering of Innovation Nursery is to create the right culture of Innovation in the enterprise and deliver a successful pilot that can serve as an inspiration for more such projects across the Customer Universe and Enterprise Ecosystem.
A Unique Value Proposition
01
Fixed Time
Most Innovation Initiatives should be time bound. Ideally an Innovation initiative should not take more than 2 Quarters. This is the first guarantee we offer where we use methods that assure the implementation to be delivered in time between 3 - 6 months. The organization may take the conceptualization and creation to scale with contextualization and commercialization to a segment of one.
02
Fixed Fee
We will charge a fixed fee not exceeding $250K. Most Innovation initiatives in the industry spend a lot more with nothing significant to show with respect to outcomes. We are transparent in the processes we adopt to make Innovation a habit in the enterprise. Prioritizing to get the blockers out of the way of transforming the enterprise and its ecosystem.
03
Assured Risk
A staggering "84% of digital transformations are failing," according to Forbes citing reasons like a lack of clear goals, inadequate employee buy-in, insufficient resources, and poor planning and execution as major contributors to these failures. We create a Design Playbook that engines the enterprise transformation initiatives upfront. A dynamic artifact that constantly iterates it Intent and Impact implementing Inferences.
04
Potential Savings
Up to 87.5% savings compared to industry averages in New Product / Process Development.
05
Assured Success
Our approach to transformation is assuring Involvement and Immersion of the entire Customer Universe including Clients (Alpha, Beta, Theta), Associates / Team Members, Stakeholders, Shareholders, Business Partners, Vendors, Society and Technology (Devices, IOT, Sensors, Scanners and Wearables).
Do you aspire to be a creator?
Then you have a shot at being our alpha customer
We are currently accepting “Early Access Requests” from Alpha Customers. Those who don’t need to be convinced about Innovation and are eager to be a Force for the Greater Good. If you are accepted, you will be provisioned access to the platform. Where you can Build Your Intellectual Property (IP) and progress in a stage gated and risk assured manner. This will be a free access for the members who are accepted after a screening process. Sign up to Express Your Interest.