Delivering Breakthrough Innovation – Putting Theory Into Practice
Companies have been moving away from do-it-yourself (DIY) innovation to proactively team with customers, suppliers, start-ups, and universities to develop
Transformative Innovation
Service Overview
Pace of change has accelerated with new digital technologies and business models, emerging market growth, and disruption from well-funded start-ups. Macroeconomic conditions have further accelerated change and have brought unprecedented uncertainty to markets. At the current churn rate, half of today’s S&P 500 will be replaced over the next ten years.
More than ever before, creating new sources of growth is critical for any company’s future. But managing new business innovation doesn’t come naturally to large, established enterprises who have historically achieved success by managing for scale efficiency. The strategies, processes and incentive systems that have helped these companies optimize their core business are often barriers to embracing transformative innovation.
Accel helps established companies move quickly from new business strategy to action, implementing our proven methodology and toolset to systematically discover, incubate, and scale new sources of growth by: |
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Creating an environment that allows different, more entrepreneurial operating processes to thrive |
Identifying strategic opportunity areas with widespread, high value, and underserved customer problems |
Accel helps established companies move quickly from new business strategy to action, implementing our proven methodology and toolset to systematically discover, incubate, and scale new sources of growth by:
Creating an environment that allows different, more entrepreneurial operating processes to thrive
Creating an environment that allows different, more entrepreneurial operating processes to thrive
Identifying strategic opportunity areas with widespread, high value, and underserved customer problems
Identifying strategic opportunity areas with widespread, high value, and underserved customer problems
Ideating and validating value propositions and new business models
Ideating and validating value propositions and new business models
Setting up governance and evidence-based decision-making mechanisms
Setting up governance and evidence-based decision-making mechanisms
Introducing metered funding to manage risk and uncertainty
Introducing metered funding to manage risk and uncertainty
Building agile test and learn approaches to validate solution desirable, viability, and technical feasibility
Building agile test and learn approaches to validate solution desirable, viability, and technical feasibility
Balancing resources across core and new-growth innovation without compromising one for the other
Balancing resources across core and new-growth innovation without compromising one for the other
Leveraging internal and external ecosystem assets to accelerate and rapidly scale the most promising opportunities
Leveraging internal and external ecosystem assets to accelerate and rapidly scale the most promising opportunities
Insights on Transformative Innovation
Apple vs. Iomega: Why Innovation Approach Matters
Back in 1999, both Apple and Iomega were struggling companies. Apple’s history is well documented.
The Big Hairy Challenge with Separating Innovation from the Core Business
Over the last 10 years or so, as companies have matured their new-growth innovation capabilities, two organizational models have emerged.
Why Accel
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Accel Management Group helps leading high-tech and life sciences companies gain competitive advantage through data-driven Innovation and Operations Consulting