Innovation and Strategy – Offer Management People Competencies
Jun26

Innovation and Strategy – Offer Management People Competencies

Strategy People who have deep experience and acquired wisdom are typically the best resources to execute your innovation strategy. In this post we will use a sports team Use Case. Use case A team sport with an objective to “win a cup” Your players are placed on teams Offense (4) Defense (4) Alternate players (3) Power Play (4) Your fans need to fill the stadium at all games You sell team gear You sell merchandise (souvenirs) Assumption The greatest role on a Wobbly team earns a player a role on either offense or defense teams. Has the greatest skill to adapt to different players on an opposing team Business Strategy In this use case we use the ability to play both positions as the strategy and highest degree of competency. An acquired competency to adapt to any opponent may best be acquired by having both offense and defense mastery The teams are shown below with the greatest competencies at the top and lowest at the bottom Developing the offer Teams Offense – EXPERT – Fast lane Similar to a process or business function type – has a specific set of skills in market and sell Can play both offense or defense Enables more agile players to adapt to the oppositions defensive player based on wisdom of playing or mastering the skill Can play power play positions Defense (4) – EXPERT – Fast lane Similar to a process or business function type – has a specific set of skills in operations and delivery Can play both offense or defense Enables more agile players to adapt to the oppositions offensive player based on wisdom of playing or mastering the skill Plays more than one power play positions Alternates (3) – ADVANCED – Middle Lane 2nd string has the ability to play in one or the other between offense and defense Not as skilled as the teams 1st string Power Player- GENERALIST – Slow Lane Suggest a Play rather than more than one play Specific to the play a Power play-infers a less skilled or limited competency Infers better than an alternate yet not as skilled as a defense or...

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Innovation and Strategy – Organizational Design Strategy
Jun25

Innovation and Strategy – Organizational Design Strategy

Innovation and Strategy "a digital Argonaut" digitalargonaut2@gmail.com Innovation What is innovation?  Well it’s going to depend on who or whom you ask the question.  The purpose of this blog will try to get past definition and get down to what’s behind the words and what people need to do to get work done. Innovation – is ideally ingrained in our culture, employees are encouraged to innovate and leaders reward the employees for their work towards the goal of being an innovative company.  The ability to measure a culture of innovation is far more subjective than any other performance measure. Innovation may be the way employees communicate about the newest offer the companies working on. Innovation may be the way a current offer get’s repositioned or different components used to increase functionality or add features. Innovation IS NOT usually an upgrade to a current operating system. For the sake of argument let’s use the same descriptions above and add a few points of interest often not known or understood by the various functions even in cases where the resources are highly effective, we are unlikely to know what we don’t know. Stakeholder and Operational Requirements High risk offers are the new inventions or offers that are NOT in the market and the industry analyst are decision makers about the readiness and category which the offer will be reported and measured against. The inventions a company and the shareholders/investors agree to accept a certain degree of risk, these are risk to these executive level stakeholders and the organization or agency must acquire a different type of insurance as part of the companies overall risk management portfolio. Insurance for the Directors and Officers (hold harmless – any fines are paid by the insurance in cases of a new offer causing monetary damage) Insurance for all investors and shareholders to prevent loss beyond the investment or percentage of the company where accepted risk was authorized. Medium risk offers are often a way a few existing offers may be segmented with a new acquisition offer improving the offer. The industry analyst will determine the new offer is now advanced which has a footnote to describe the advanced technology as a dollar amount of the GAAP moved to non-GAAP revenue reported. An organization or agency offering advanced technology offers has a greater risk if the features are ahead of their time as the consumers may not be prepared for the offers requirements for more power as an example; or the ability to monitor everything in our homes as another example. Neither example implies negative offers – the power must be available to the person buying...

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Can you be Methodical about Innovation…
Jun11

Can you be Methodical about Innovation…

What is the most common word that people use to describe successful companies?  Most likely, the word that you’ll hear again and again is ‘innovation’. In this advanced and competitive business environment, innovation (defined as ‘the introduction of something new to an existing idea, product or service) can quite possibly make or break companies. Maybe what I’m about to say is ironic given that we’re speaking of innovation and I’m not putting forth anything new, but in order to be successful in today’s world, you’ve got to be innovative.  We all hear it, we all know it, but how many of us know how to go about it? How does one bring on innovation? Is there a particular method or does it occur on an ad hoc basis? It’s actually hard to say – there are a number of individuals and businesses that swear by an innovation method, but it’s just as common for individuals to wake up with a great ideas and figure out ways to make them happen. Read the two differing cases to see how innovation can occur in very different ways. Case 1: Following an innovation Method: Proctor & Gamble With P&G’s large product portfolio and their worldwide reach, it’s a no brainer that they occupy the 24th spot in Forbes’ list of the World’s Most Innovative Companies of 2012. For one particular and well known product, P&G had the help of Continuum, a global innovation and design company, to come up with a revolutionary way to clean your floor.  Continuum’s Phase Zero process (which was also behind the creation of the Reebok Pump and is now an integral part of the company’s strategy) involves understanding the context behind the product they are tasked to innovate using deep-level design thinking. Thanks to the innovation method of Phase Zero, we no longer have to waste precious time cleaning our mops because we have P&G’s Swiffer. Case 2: Ad hoc innovation: 3M and the Post-It note When you want to make sure that you don’t forget something, what do you do?  Easy; write it on a Post-It note! Even as people move into the digital age, Post-It notes have demonstrated their staying power with computerized and tablet versions. Let’s face it, a yellow Post-It note is a simple yet effective way to make us remember things. The creation of the Post-It is actually serendipitous. Art Fry, a scientist from the American multinational conglomerate 3M, was singing in his church choir when he became frustrated that the piece of scrap paper that he was using as a bookmark for his hymn book kept falling out. After experimenting with...

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