Download as pptx, pdf, or txt
Download as pptx, pdf, or txt
You are on page 1of 11

You Exec provides business resources that move your career

forward. Access our full library of presentations, spreadsheet


models, and business book summaries. We do the work, you take
the credit.

Errors & Omissions Liability (E&O): You Exec makes no


guarantee that the statements, analysis, projections, estimates,
graphs, reports, numbers, and any derivatives sourced from this
presentation are free of errors and omissions. You Exec assumes
no liability for erroneous outcomes derived from this
Watch explainer
presentation.

Please do not resell this presentation. For a commercial or group This video will walk you through the benefits of this
license, please visit Unlimited and schedule a demo. framework. Paid members, please log in for a better
viewing experience.
CYTRUS MEDIA
Create the criteria against which

01 the potential ideas for a new


product/service will be
compared.
Concept Screening

CONCEPT A CONCEPT B CONCEPT C CONCEPT D

Strategic alignment 5 2 5 4
Identify alternative concepts or

02 existing products on the market for


the new idea
to be compared.
Market size 3 1 3 3

Market growth forecast 4 3 3 1

Wow factor/ concept value 2 4 2 3

03
Rate concepts against each other Technical feasibility 3 2 1 4

and tally the results. Have a


Manufacturing feasibility 1 5 5 1
meeting around the top ones.

Delivery feasibility 2 1 1 1

Select one or more of the best Competitive advantage 1 2 2 2

04 concepts to be further
developed. Take suggestion
from others.
Column Total 21 20 22 19
CYTRUS MEDIA

Idea Evaluation

Name / Title of Idea Consulting process improvement

Type of Innovation Radical innovation Improvement innovation Routine innovation

Consulting service of supply chain related Quality service with a specific time limit,
Description problems in the market Benefits or Advantages ensuring low cost

Objective Optimal outcome for both parties & their Unstable business environment & low cost outsourcing
Risks
mutual growth in the future opportunities

Feasibility Market Potential

Very High High Medium Low Very Low Very High High Medium Low Very Low

Necessary Investments Strategic Fit

Very High High Medium Low Very Low Very High High Medium Low Very Low

Conclusion Overall Evaluation

Potential business idea which is timely for the market Very High High Medium Low Very Low
CYTRUS MEDIA

Strategy Fit Checklist

THE INNOVATION UNFIT SLIGHT PARTIAL SUBSTANTIAL TOTAL FIT COMMENT

It helps us to realize our vision The innovation foresees market

It helps us to achieve our objectives Helps maintain long term planning

It supports our market position goals Makes our market position better

It concurs with our tech strategy Perfectly uses tech support

It meets the Logistic strategy needs Balance work-play in organization

It provides competitive advantage Customers choose us rather others

It builds on our core competencies Helps maintain continuousness


CYTRUS MEDIA

The Kübler-Ross Change Create Alignment Maximum Communication

Model Curve Spark Innovation Develop Capability Share Knowledge


MORAL & COMPETENCE

Shock Denial Frustration Depression Experiment Decision Integration


Surprise or shock at Disbelief: Looking for Recognition that things Low mood: lacking in Initial engagement with Learning how to work in Change integrated: a
the event evidence that isn’t true are different: energy new situation new situation renewed individual
sometimes anger

TIME
CYTRUS MEDIA
CORE

Innovation Ambition Matrix Optimize existing products for existing customers

70% Allocation of resource

10% Return on investment


New markets

Transformational
ADJACENT
Expand from existing business into new business
WHERE TO PLAY

Adjacent 20% Allocation of resource

20% Return on investment


Existing markets

Core

TRANSFORMATIONAL
Develop breakthroughs yet to exist for the market

Use existing product & assets HOW TO WIN Develop new products & assets
10% Allocation of resource

70% Return on investment


CYTRUS MEDIA

SCAMPER Mind Map


Process

Opposite Materials
REVERSE
Swap Process

Recognize SUBSTITUTE Rules

Product
Simplify
Integration
Smaller
ELIMINATE
Split
Ideas

Parts
Talents
SCAMPER COMBINE
Resources

Another
Objectives

Other PUT TO ANOTHER USE

Recycle Product

Context

ADOPT Ideas
Maximize
Emulate
Extra MODIFY
Process
Minimize
CYTRUS MEDIA

Phase-Gate Process

FRONT-END BACK-END

Opportunity Early concept Business case Validation Setup Concept Development Implementation Launch

• Business strategy • Concept complete • Rapid prototypes • Product definition • Plan complete • Prototype built • Pilot complete • Technical • Deliverables
• Customer & & validated • Tech feasibility • Rapid tooling • Build/ buy/ • Design complete • Product document documentation sign off
consumer benefit • Strategic complete • Low-volume partner analysis • 3 party SOW
rd
• Industrial plan • Mold/ machine • Production
priorities alignment • Customer develop complete complete complete construction

MILESTONES • Market trends & • Business potential opportunity • Customer • Sampling


insights • Early IP identified commitment
• Technology assessment • Business case

Fund proof Start customer Start Staff Sign & fund Start Launch
DECISIONS Validate priorities Fund development
of concept engagement project team Third party production production

GATES 01 02 03 04 05 06 07 08
CYTRUS MEDIA

Execution Framework

Change management & communications Governance evolution Program & project management

STRATEGY CURRENT STATE FUTURE STATE ROADMAP IMPLEMENT MONITOR

Business change
Project portfolio
Digital transformation Target operation model implementation
Transition to
strategy Digital assessment
Technology change steady state
Requirements management
implementation
Channels

Performance & stakeholder Culture & people change


value analytics Architecture evolution management
People
Gap analysis and Ongoing
V Risk management
prioritization Detailed implementation maintenance

Process plan
Business continuity
Value assessment management
Data and reporting
Technology
Launch, go live
Continuous
Digital maturity level
improvement
Vision Initiatives integration and
Service model Release management
prioritization
Related resources:

Get the full version of this resource and


access our library of hundreds of business
resources

Join You Exec Plus today and take your career to new
heights. Receive premium business resources in your
inbox every week.

Start today
Related resources:

The following resources are related to


this framework and can save you
hours of work.

If you’re a free or paid member, log


into You Exec first for a faster Innovation Management Digital Transformation
download experience.

Seeing Around Corners Superforecasting

You might also like