Back on the 6th of February we posted a blog called ‘The way you do anything is the way you do everything. Innovation in 2020’ and reminded you that 2020 was 10% done already.

Unfortunately, it’s also true that nothing we know in May was how we imagined it would be in January and the forecasts you had in the business plan weren’t accurate. Some lucky brands have been winners through the COVID-19 crisis but lots haven’t been.

Today, more than ever, a structured yet expansive approach to future-proofing is an essential part of the innovators toolkit. Now, at the start of May, 2020 is 30% done and everything has changed, including the way you do it.

The following is a reminder of what we asked you to consider in February. The same questions apply but the context has changed.

The way you do anything is the way you do everything. Innovation in 2020.

2020 is 30% done. How was it for you? The next obvious question is, what has been different so far this year?

For example, have you tried pulling an article out of Le Figaro or Welt and dropping it into Google Translate to see what the EU mainland thinks about Brexit?

Or, how about, reading some CES 2020 reviews?

Or have you looked for clues where you’ve always looked, or where you know your competitors look? With 30% of 2020 behind us, doing more of the same isn’t going to provide you with the business insulation that’s probably needed this year.

Adjacent opportunities can be found and grasped. Longer term scenarios must be mapped and reviewed. Constant and tenacious interrogation of your market dynamics and consumer behaviours is imperative.

The way you do anything is the way you do everything.

If you are taking care of business today with only an occasional look at immediate threats, the way you will react is occasional and immediate.

Regularly working on your future makes your opportunities appear regularly. The way you do anything is the way you do everything.

There is a way to work in your future.

It’s a way to work in the 2020-2030 decade and know what you need to do next, and then next… Download it here. Take a look and start a working differently today.

Future thinking. Future proofing. It’s what we do.

Please get in touch for a chat. It might just help helpme@room44.co.uk

2020 is 10% done. How was it for you? The next obvious question is, what has been different so far this year? It’s not always easy to read but it is true to say that the way you do anything is the way you do everything.

For example, have you tried pulling an article out of Le Figaro or Die Welt and dropping it into Google Translate to see what the EU mainland thinks about Brexit?

Or, how about, reading some CES 2020 reviews?

Or have you looked for clues where you’ve always looked, or where you know your competitors look? With 10% of 2020 behind us, doing more of the same isn’t going to provide you with the business insulation that’s probably needed this year.

Adjacent opportunities can be found and grasped. Longer term scenarios must be mapped and reviewed. Constant and tenacious interrogation of your market dynamics and consumer behaviours is imperative.

The way you do anything is the way you do everything.

If you are taking care of business today with only an occasional look at immediate threats, the way you will react is occasional and immediate.

Regularly working on your future makes your opportunities appear regularly. The way you do anything is the way you do everything.

There is a way to work in your future.

It’s a way to work in the 2020-2030 decade and know what you need to do next, and then next… Download it here. Take a look and start a working differently today.

Future thinking. Future proofing. It’s what we do.

Unsure about how to plan to succeed in the 2020-2030 decade? Checkout our 10, 20-30 programme here.

10, 20-30 is a framework for delivering a future-proofed mindset to your team, business and lifecycle.

Why?

Every day, there’s a new disruptive business story, a new tech start-up raising millions to change something, someday.

On the flip side, and at the same time, there is regular reporting of start-ups and established firms going under. Uber loses a founder, WeWork takes a tumble and other unicorns report a year of negative returns and lose their shine. Sometimes, some things are too good to be true.

The reasons for missed ROI targets and, even closures, are many and various and all start with an assumption: you’re alright, because somebody will always need your paper, water, chocolate, steel work, cosmetics, legal services, financial advice, cars, office space…or will they?

But…

With a properly critical look at your future, at your consumer behaviours and your market, it’s possible to see what’s coming down the line to compete with you. And there will be something on your horizon that will cause some of your older revenue streams to dry up.

There it is. An uncomfortable truth maybe but one to watch none-the-less. With insight comes the opportunity to future-proof yourself.

So what?

Working with teams to create roadmaps to a profitable future, we can find that everything looks different.

You will define what your business is going to be. You’ll plot your path of baby steps so everyone knows what they must do from the minute they hear the plan.

We always make it clear that the output we create together isn’t a plan for someday: the output we generate by working with you is a plan you can use now.

Forecasts are guesses

As a process, ours is an easy one to understand. Pick a point in the future, use radical insight to inform what’s needed for that strategic end point to be viable and plot the product developments that will get you there. As far as ROI is concerned, you’ll have a general impression of size and shape.

However strong your forecasting function is, and we’ll probably disagree on that, they are guessing just as much as you are. Of course they have models and spreadsheets to justify their view of the world, but you have one thing they don’t – and that’s insight driven intuition.

This is the magic sauce that could bring your CSuite to the party.

Maybe you’ve heard of the ‘fuzzy front end’ or ‘future forecasting’. What they point to is a future sales figure that amounts to the same thing really: guesswork.

Intuition

Your senior management has been around long enough to get into the CSuite. They’ve worked through cycles of business to achieve the sort of insight that can only come with time served and they know, more often than not, what good looks like.

So, if you can’t get them involved in the actual process of innovation, it’s worth bouncing the odd ball down the board table to see where their interest lies, what sparks their excitement, and where their intuition makes them look.

Awareness vs trust

In the digital marketing rule book, we are told there are three phases to online marketing: awareness, trust and conversion. It’s the same across your business structure and vertically from bottom to top.

Being noticed isn’t the same as being trusted, but getting an innovation concept through the stage gates means tapping into what becomes a reason to believe.

This may sound a bit too much like pragmatism to be true innovation, but innovation ultimately is a matter of commercial survival.

Today, you need a plan. If you don’t know where to start, or how to sell it in to your CSuite, get in touch. We do.

In the meantime, you can download our free guide to ‘Selling innovation into your own company’ here and get detail of our 10, 20-30 programme here.

Future thinking. Future-proofing. It’s what we do.

Newsfeeds and social media are signalling disruption in every corner of our lives in this decade. Learn how to avoid being reactive to every shift in customer behaviour, and how to anticipate what to do next.

1. Start with what you know.

Every person in your business has had a different experience of your customers than you have. Think how many of your colleagues have come from a company where things are done differently, and customers are treated differently.

Ask them to tell you about it.

Your staff represents an invaluable source of insight. They all buy products in consumer markets every day. They know which websites work the best, and they know what their markets are doing. Your colleagues are expert in one thing above all else – themselves – so ask them about their experiences. If there’s a subject we all like to talk about, it’s ourselves.

Take time to talk to your employees and you’ll be surprised at what you will learn about their view of your market: who is launching a new variant; who is leaving a competitor; who is having trouble with their supply chain; who is likely to merge with somebody else…

Do it regularly, and one-to-one. You don’t have to set up a meeting, but you should commit time to this every week. Doing it less often releases you from the obligation of learning what you need to know. Make it a priority in your schedule.

If you need help to moderate conversations like this, book a call here.

2. Innovations don’t appear from nowhere. You can already see them happening.

Insight nugget: the things that will disrupt you in five years’ time have started to emerge already – and you can see them, if you look.

There isn’t a company in existence who can suddenly produce a ground-breaking product. It doesn’t happen.

When the iPhone was launched in 2008, it didn’t immediately have the consumer-shifting effect we attribute to it. It took three years for the App Store to appear, and developers saw that as an opportunity.

Over time, Android apps appeared and now we have cross-platform apps for Android and Apple iOS. Suppliers like Adobe and Microsoft sell you software on cloud-based platforms so the apps are managed differently through subscription.

This is an example of how a market has evolved quite slowly, offering signals all along its development path. The same is true for your market. If you make components for petrol-engines, get ready for a change: EVs don’t need them. If you think you’re safe because your parts are used in boats, planes or tractors – think again.

So…be pro-active in how you review the macro influences that are forcing change in your market. A little bit of looking over your shoulder to remember how you got where you are is time well spent. Then go and talk to your colleagues – it’s surprising what they know too.

If you need help to formulate a plan or to gather this kind of insight, get in touch.

3. If you need help, get it.

Inviting an external service into your business has the potential to be disruptive and expensive. It can be…but it doesn’t have to be.

Enduring relationships with long-standing clients are great for both parties, because we learn each other’s needs. The beauty of this approach is that efficiency gets built into the process.

What we always do at room44 is to stay naïve about your market. A specialist in your market won’t offer you a different view. What we do is to see your business through a new lens and open up vistas of opportunity.

Get in touch and test us. If we can’t show you an opportunity that hasn’t occurred to you before, we’ll stay friends and walk away. If we can, at zero cost for the first conversation, there’s an opportunity to build a relationship.

As the saying goes, the best time to plant a tree was twenty years ago. The next best time is now.

This is how to start or book a call here. We look forward to your challenge.

The way ideation works depends on how it is directed.

Creativity is best achieved with nurture and new insight.

During a room44 ideation session there is a moment when somebody in the room will realise that the ideas on the wall can be started immediately. The “…and we can do that now” moment is how we judge the success of the process.

Seeing where ideas overlap, developing embryonic ideas and providing the right stimulus for ideas to emerge is our skill.

Future-thinking. Future-proofing. It’s what we do.

If you’re planning a strategy project, get in touch.

To look for insight where you’ve always looked, or where you know your competitors look, isn’t going to provide you with business insulation.

The eruption of new business start-ups and the resultant increase in business failures makes the chance of existing business faltering higher than ever before.

Adjacent opportunities must be sought and grasped. Longer term scenarios must be mapped and reviewed. Constant and tenacious interrogation of your market dynamics and consumer behaviours is imperative.

The way you do anything is the way you do everything.

If you are taking care of business today with only an occasional look at immediate threats, the way you will react is occasional and immediate.

Regularly working in your future makes your opportunities appear regularly. The way you do anything is the way you do everything.

There is a way to work in your future.

It’s a way to work in the 2020-2030 decade and know what you need to do next, and then next… Download it here.

Future thinking. Future proofing. It’s what we do.