Planning for ‘that’ moment is to have the competitive edge.
Coming up with ideas is brilliant fun. Everyone gets involved and has their say. We may even plot a roadmap based on whatever the senior person in the room said that day. And then the coloured pens and flip charts get put away and we all go back to our desks having had a great day and some nice biscuits – and nothing changes.
Seeing the light and having a Eureka moment is great too. The buzz lasts almost a minute and another e-mail comes in. There goes another great idea.
As they say: “Innovation without execution is ideation / delusion.” Choose your favourite quote; there are loads. It isn’t because we don’t want to make a difference. Every single one of us does. It’s just that we don’t know how to.
The company strategy is usually ‘to be the best thing and to give customers their best experience’ (they all do) but really, how does that happen?
By knowing which horse to back.
Being able to see the ideas you’ve got on the table laid out side by side with a relative and weighted scoring is so helpful. This allows us to see the probability of Idea A being successful over Idea B. Even if it can’t predict exactly how successful, being roughly right is much better than being completely wrong.
More than this, when we apply knowledge gained about the future market (consumer trends, competitive activity, regulatory factors, probable technology state), we can see when an idea will meet its moment. It’s likely that among all the ideas you have generated but haven’t launched, there are some great ones just waiting for their time. Couldn’t you use a rationale for their development?
This isn’t all conjecture. room44 has a methodology that will provide a rated view of your ideas and set them side by side so you can review them comparatively. We call it the room44 CRiTT Test.
The test has four elements:
- Commercial factors
- Regulatory permission
- Technical and emerging feasibility
Time is important. Knowing that an idea isn’t right for now is useful. Knowing that it will be valuable in the future is more useful. Planning for that moment is to have the competitive edge.
Innovation justified, it’s what we do at www.room44.co.uk.
E-mail us at firstname.lastname@example.org and we’ll call to talk about it.