The pace of global change is ageing company lifecycles more rapidly. Innovation focus needs to shift beyond products to the ways that companies operate.
The Business models and Revenue models that new age organisations use are often not that different to the past but are often applied in new ways; enabled by new technologies. When certain “catalysts” are put in place, they drive conversion. Executives, managers and leaders at all levels need to find ways to have the tools to diagnose and structure their NEXT activities to thrive.
This program is designed for:
✓ Companies that want to build a new business area or unit.
✓ This program is about launching a speed boat off the side of the battleship to grow a future based business.
✓ Companies wanting to be proactive about disruption of their industry
This program delivers:
✓ A design plan to build a new growth division or to transform a companys‘ operations significantly.
Build a new Business Unit
Format: 5 Half Day Workshops over 2 – 5 months
Outcomes: New Division, New Business Area Design
We need to build organisations that have future growth capability. If we neglect this for too long, our task becomes harder and poor results endure longer.
XCELERATORS ARE DIFFERENT FROM INNOVATORS OR DISRUPTORS.
Being a large organisation used to help a lot. Investments in assets, access to talent, access to funding would create barriers to entry. This aided with many things including geographic expansion, leveraging large Research & Development budgets towards future breakthroughs and attracting the capital needed to progress company direction.
Large corporations often had first insight to new information. Leaders at these companies today can be great at what they do, but it’s no good being a great captain of a battleship if its getting a bit run down and not sure where to direct it. Sometimes you need speedboats churning off to a new ‘growth island’ destination.
With this information, big businesses are encouraging hanging out at business incubators, co-working spaces, collaboration with start-ups and hack-a-thons. Everybody is talking up efforts on new business models, business transformation and disruption.
Making the right changes that are big enough and fast enough, will be less common, than more common. The reality is there is so much more to do, with limited people able to direct a successful course.
We see this in that Australia is not pulling its weight on innovation. Australia which should be well positioned to create disruption of its own isn’t working. We should have more companies shaking up the top tier. Australia ranks near the bottom of the 30 OECD (Organization for Economic Cooperation and Development) countries on commercialisation metrics. The 2015 Annual Innovation System report from the Office of the Chief Economist in Australia stated only 16% of Australian organisation are innovation high performers and 75% of Australian companies do not have an innovation mindset.
Lean Start-up methodology is one tool companies are using, Business Model Canvas is another. Both of these have tremendous value when applied knowledgeably but they both rely on a creative and empirical approach which can take some skill and resources to manage well.
Our Design NEXT program sets you up as an introduction to these by providing frameworks for immediate insights about your current business model and alternate choices for immediate consideration. Designing the new unit can come quickly and then be further developed in a resource heavy approach once some validation is applied.