Innovation Engineering PROJECT ACCELERATOR
The Guaranteed Way to Find, Filter, & Fast Track BIG IDEAS!
What: An Innovation Engineering Project Accelerator helps you accelerate the creation, communication and commercialization of ideas to address a Very Important Opportunity with new or current customers.
Why: In large organizations it can be a challenge to build momentum for change. Clients tell us Accelerators that accomplish 9 months worth of work in just 3. With this fast success, we build momentum for the project and for the adoption of an Innovation Mindset.
How: The project involves 4 steps: 1) Immersion, 2) Skills Training & Stimulus Mining, 3) Accelerator Session, and 4) Fail FAST, Fail CHEAP Discovery.
Step 1) Immersion
The process starts with clearly defining the project mission. This is accomplished either through an informal conversation or a formal Strategy Activation Session. Your team takes a short Innovation Culture Assessment to help us understand the capabilities of your team and their perception of innovation. We conduct Site Visits to meet face to face with leaders, sites, suppliers, customers, and others to learn more.
Step 2) Skills Training & Stimulus Mining
The team then attends an 8-hour training + working session. They learn the fundamentals of: CREATING, COMMUNICATING, and COMMERCIALIZING meaningfully unique ideas. They then put their skills to work by mining for technologies, trends, insights, and market intelligence around your challenge in preparation for the invention session. The Eureka! Ranch team supplements this work with additional mining and outreach to experts, research on technologies available, and deeper mining on insights and markets.
Step 3) Accelerator Session
An intensive 4 day live session involving multiple innovation cycles to rapidly explore, develop and optimize ideas with a team.
Step 4) Fail FAST, Fail CHEAP Discovery
To ensure that the big ideas become REAL - and that the ideas don’t become victims of the corporate culture - we provide weekly coaching and collaboration to ensure that the team doesn’t revert to the old way of thinking. Each week we’ll further refine the customer concept, math and project Death Threats™ based on weekly learning. We will balance the tradeoffs between the math, concept, proprietary protection, feasibility, etc. The goal is to come to a smart “go” or “no go” decision.
Bottom Line: With the Innovation Engineering Accelerator, if you follow the process, you are 100% guaranteed innovation success. We’re not claiming it’s easy but we can say with certainty that if you follow the process, it always works.
The conclusion of a successful Project Accelerator is a decision point for the division or company leader. Having seen the impact, some leaders move on to Innovation Culture Change. Other Leaders are not ready to take on changing their culture; however, they want to bring the Innovation Engineering project capability to increase speed and decrease risk into their organization. These organizations then embark on a package of Innovation Engineering Black Belt training and certification with an enterprise grade I.E.Labs.com private portal for project acceleration. Quarterly system update meetings and on-demand cultural assessments make it painless to start Cultural Change at any time.
Want to Lean More?
The difference between other companies and Eureka! Ranch is that you leave the Ranch with both solid strategies and fully written and illustrated concepts that support those strategies so you can turn right around and present them to the Board of Directors, executive management, etc. I've been very impressed with the amount of legwork Doug and his team do Prior to the session to be fully prepared for the participants and to make the most of our time at the Eureka! Ranch. Eureka! has been a fabulous investment for my division. I give the program a "9" on a scale of 1 to 10 and I'm a pretty tough evaluator.
I was also thoroughly impressed with the attitude, the commitment, the enthusiasm and the strategic thinking of you and all those with whom we worked on our project - truly a creative, clear-thinking, results-oriented bunch of people. A real privilege! Your commitment to do whatever it takes to meet and exceed the client's expectation is unsurpassed in the industry. Just like our great brands, it's good to know that there are others that deliver on promises made. You challenged us to think and do that which was not only outside the box, but beyond our comfort zone.