Audax Innovation / Interventions
01 · Innovation Strategy
Develop a Proactive Innovation Strategy
Click a stage to see its interventions.
This intervention aims to work with a multifunctional team of executives and internal experts to define the organization’s innovation strategy. This will allow us to set objectives and select strategic innovation arenas for future product development projects and new value-added commercial offerings.
Objectives
- Accompany a multifunctional team in developing an innovation strategy.
- Define a proactive innovation strategy for the next three to five years.
- Provide participants with the tools they need throughout the process.
- Ensure the transfer of skills to the innovation strategy managers and to the organization’s management so that they are able to sustain the results.
Deliverables
- Attainable objectives to stimulate innovation.
- Strategic arenas to focus the efforts associated with innovation.
- A realistic and proactive innovation program for each arena, including:
- A 10-year vision
- A 3- to 5-year roadmap
- Quantified business results
- An editable detailed report in PowerPoint.
- An editable summary report of all the steps in the process.
Intervention Methodology
The preliminary work feeds the innovation goals and objectives. Workshop 1 selects the strategic arenas; workshop 2 develops a vision, a roadmap and business results for each one, before consolidation.
Two workshops, four arenas: from selecting the arenas to a consolidated innovation program.
Detailed Intervention Description
Four phases over 14 weeks. Expand each phase to see its activities, schedule and budget.
Includes an Innovation Strategy Implementer Bundle (10 accesses) from the Innovation Leaders Club Academy, valued at $3,500 and available at kickoff.
Phase 1 — Kickoff (Weeks 1–6)
Intervention Kickoff — Week 1
- Lead a kickoff call and schedule the workshop dates
- Adapt the intervention methodology to the organization’s needs
Preliminary Work — Weeks 3–6
- Define an innovation and identify examples specific to the organization
- Determine the data to be gathered and the tool to be used
- Answer questions during data gathering through web calls
- Define innovation objectives using key performance indicators
- Prepare the facilitation materials
Phase Subtotal$4,500
Phase 2 — Selection of Strategic Arenas (Weeks 7–10)
Intensive Workshop #1 (2 days) — Week 7
- Identify and select potential strategic arenas
- Define and present the preliminary vision of the strategic arenas
Finalize the Definition of Strategic Arenas — Weeks 8–10
- Confirm the preliminary feasibility of the identified strategic arenas
- Lead one or two web follow-ups per strategic arena (10 to 12 webconferences)
Phase Subtotal$11,500
Phase 3 — Development of Innovation Programs (Weeks 11–12)
Preliminary Work and Follow-Up — Week 11
- Prepare the facilitation materials for workshop 2
- Follow up on the definition of the strategic arenas (2 calls per strategic arena)
Intensive Workshop #2 (1 day) — Week 12
- Confirm the strategic arenas
- Develop the roadmap and quantify business results
- Present the preliminary innovation programs
Phase Subtotal$7,000
Phase 4 — Wrap-Up and Follow-Up (Weeks 13–14)
Wrap-Up of Work — Week 13
- Prepare the documentation of the work carried out
- Consolidate the innovation strategy into a PowerPoint presentation
Follow-Up by Strategic Arena — Weeks 13–14
- Lead one web follow-up per strategic arena (4 to 7 webconferences)
Phase Subtotal$4,500
Included in the Intervention
Supporting Consultant and Graphic Designer Included
This intervention brings in a complete team at no additional cost.
Editable PowerPoint Reports
You receive a detailed report and a summary report of every step of the process, in an editable format.
Skills Transfer
Innovation strategy managers and senior management are equipped to sustain the results.
Total Budget
$31,000
Workshops are held at your organization’s offices. Depending on your location, travel and accommodation expenses may be added to the budget.
Next Intervention