Create What Wins
You've probably heard some of the negative statistics like 95% of innovations fail, 92% of start-ups fail, or only 6% of executives are satisfied with their innovation performance. The numbers fluctuate over the years, but the fact remains the same. Most organizations do not innovate and most organizations do not win either. The difference between the top performing organizations and the rest is night and day. Life is great when you're in the top 20 to 25%, but if you're average or worse, it's time for a change.
You might not know where you rank, but ask yourself some honest questions.
Are you growing? Do you have more revenue and customers than 3 years ago?
Do your offerings actually win? Are you competing on a meaningful difference, or on lower price?
Are you having fun doing it? Is your organization a great place to work?
If you want to dive deeper, we have assessments available for you and your organization. But if you're here, I'm going to assume that regardless of where you are, you want help to either start winning or keep winning.
Winning is Hard
In order to drive success, you have to have a pipeline of new offerings that can win in the market and be developed quickly.
The good news is that winning is not random.
If you want different results than everyone else, you have to do things differently.
There is a formula for more creative thinking
Stimulus
Where your team looks for inspiration determines how big your ideas can get.
Most companies leverage market trends or customer insights to spark ideas. We mine more sources like technology, academic research, patents, and unrelated analogies. Technology mining has the highest correlation with successful ideas, because it works and most people don't do it. It has become our secret weapon for creating a competitive advantage.
Diversity
Diversity is exponential. You can't create big ideas with a group of people who all think the same.
That's why we don't just bring your team's expertise to the table. We bring ours: a trained network of Black Belts who know how to build on an idea and stretch your thinking further than it would go alone.
Reliable systems beat random chance.
Eureka! Ranch has a higher success rate and creates results most organizations can't reach on their own.
We tackle innovations biggest challenges head on.
What this actually looks like.
It depends on the challenge, but here's the typical shape of an engagement.
Successful organizations have 40% of sales coming from products or services they didn't sell three years ago. That number may not be right for you, but our process will take you from where you are today and move you closer to a sustainable future, and eventually, growth.
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