There is one thing in common with this market disruption – Channel Blur. Channel Blurring is here now and will shake out winners and losers across food & beverage channels including grocery chains, manufacturers, emerging food delivery companies, internet retailers and restaurant chains. While the significance of these changes being defined as truly “disruption” is uncertain, it is certain that the market will reward those who have evolved their business model.
We identified 5 reasons why leaders and their teams get stuck when developing an innovation strategy; and these issues can further hinder each and every innovation team project, if not addressed.
Determining the portfolio of innovation projects is part of innovation strategy. The prerequisite to responsibly developing organizational or departmental innovation is the understanding what kinds of innovation you want teams to develop. Otherwise, you are personally holding portfolio management yourself as the leader and every decision will have to cross your desk limiting agility and value.
Increasing the probability of success in innovation is a key challenge that even the most experienced market leaders face. The probability of success is an even
The truth is that too many smart consumer products leaders try to “tough-it-out,” thinking it is normal to make “hard” decisions. Most of the time the tough decision is only tough because those tasked with collecting or presenting the facts haven’t gathered or presented the right information.
Have you ever been talking on your cell phone and realized after a few minutes (or more) that no one is on the other end of the line? Well, if you have just invested money in research with consumers and you realize you have been talking to the wrong ones, it is very likely the same feeling.
Imagine walking but all you can do is look at your toes – it’s only a matter of time until you bump into something and have to look up. Well, look up because as the top executive of a restaurant concept, it is time to think about the future of the restaurant. How far out are you willing to let yourself think?
The Valen Group has consulted with major global 1000 innovation and brand focused companies and has significant global strategy consulting experience.
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.”