Source:
The Valen Group
|
Factors for Managing Innovation:
• Problem Framing
• Iteration
• Immersion
• Time Compression
• Fact-Based Analysis |
|
Problem Framing:
The way to solve a complex problem is
to break it down into smaller problems
that are much more easily solved. However,
the first step in problem solving is to
identify the problem we are trying to
solve. If it isn't written down and critically
discussed, we haven't completed what we
call “Framing the Problem.”
We get so focused on identifying unmet
needs, new technology, market trends,
etc. that we miss this most important
first step that guides everything we do
throughout the project.
In 10 years of operating The Valen Group,
we continually surprise those involved
by conducting this first step, sometimes
after protest, only to realize we didn't
truly understood the problem we were asked
to solve until we completed this step.
Here are some questions we use to frame
the problem when approaching a growth
or innovation project:
1. Are we putting the answer
in the question? Put another way: “Is
this a hypothesis versus a problem statement?”
Needing Revision: “To develop a plan
for topline revenue growth of 8%”
This is likely a hypothesis or a directive
top down. There may be good reason or
facts to support such a goal. In our organization,
we would ask that those facts be teased
out or that this directive be “reframed”
to a question of “Can we...”, “How can
we…” or “What can we achieve…” based upon
X/Y assumptions. Remember, whomever is
telling might really be asking or should
be asking; blind acceptance as if fact
is not a strategy nor is it in anyone's
best interest.
Better: “What is a realistic topline
growth rate for 2011 based upon existing
investment available and how does this
affect profitability for that year (high,
most likely, conservative)? What additional
investment, if any, is required to grow
topline revenue 8%? What are the top opportunities
and their growth potential?”
2. Are we skipping a step?
Needing Revision: “Identify new licensed
brands to position our product in health
and wellness”
We missed the point that we first have
to understand valuable, unique positions
in the marketplace. To just go find a
list of brands is really not very strategic
or valuable.
Better: “To identify one or more
winning positioning(s) and possible brands
that fit those positionings for our product
within health and wellness”
3. Should we use our problem
statement to stretch our thinking?
Needing Revision: “I want to grow
our business by X”
After some initial visioning and big
picture direction setting, we realize
the maturity of the existing business
and that the food brand needs to move
from being strictly an ingredient business
to a solutions business.
Better: “How can we move our business
from an ingredients provider to a meal
solutions provider or other new positioning
for growth?”
To
learn more about the other factors, how
we manage innovation or our front-end
innovation process, please contact The
Valen Group at info@valengroup.com
or +1 513 842 6305 to schedule a
call with one of our innovation team leads.
|