Growth Opportunities: How to Harness Emerging Trends to Reshape Your Business
We live in an era of rapid change. The rules of yesterday might not be as relevant today, and the game constantly evolves. Thus, a question every leader and entrepreneur must ask themselves is: How do we stay ahead?
Design Sprint: Four-Day Workshop to Turbocharge Innovation
Are you contemplating launching a new product or service? Are you anxious about whether it will meet your customers' needs, stand out in the marketplace, and be worth your investment? A Design Sprint is your answer. It's a fast-paced, risk-mitigated, and cost-effective innovation catalyst aligning solutions with customer needs while anticipating and overcoming hurdles.
Unlock Your Business Potential: Master Market Segmentation with GIS
Are you a startup or an established business wondering how to target the best potential customers for your products or services? It's time to unlock the secret to understanding who your best customer could be, how to prioritize them, and how to set yourself apart from competitors.
Why You Need Scenario Planning
Why does scenario planning matter so much? The world is now more TUNA (Turbulent, Uncertain, Novel, and Ambiguous). Traditional strategic planning approaches may not be effective anymore. Scenario planning prompts us to question the changing state of the world.
Scenario Planning for Business Growth (And How to Do It)
Have you ever found yourself asking these questions: "How robust are our existing options?" "What new options should we develop?" "What skills are needed in the future?" "How can we revisit major risks?" "How can we attract and keep interesting customers?" "How can we attract and keep interesting partners?" Let’s see how scenario planning can help answer them.
TRENDWISE Q3 2023 Report Unveils High-Risk Industries for Disruption Amid Uncertainty
Discover industries most at risk from disruption with Growth Innovation Strategy's guide. Utilize AI-enabled TRENDWISE tool to stress-test strategies and navigate uncertainty. Leverage scenario planning and insights to stay agile, mitigate risks, and seize opportunities. Get your free copy by emailing strategy@growthinnovationstrategy.com.
Insurtech: optimizing claims, disrupting insurance future
We explore how innovators can optimize claims handling through process analysis and Insurtech companies. We also look at the future of the insurance industry and its potential disruption based on Growth Innovation Service's TRENDWISE Disruption Index. Read on to learn more.
ROI Levers for Innovation
Which ROI levers exist for innovation? What moves the needle most? Address risk aversion and budget constraints. Learn about establishing Return on Innovation (ROI) metrics, key levers for innovation success, and the importance of forward-looking measurements. Discover how to enhance your innovation process and drive growth. Embrace ROI for strategic innovation and lead your company forward.
Innovation Benchmarking: We Understand Innovation Goals Better Than Processes
Survey reveals five critical questions associated with perceived innovation success, suggesting a comprehensive end-to-end process is key to performance. However, companies tend to overestimate their innovation capabilities, with a 13% disparity between understanding strategic outcomes and assessing the maturity of required capabilities. Companies feel strongest at strategy formulation and weakest in transitioning ideas to market, highlighting potential areas for improvement in the innovation lifecycle
Resilient Responses: Turning Adversity into Opportunity
Learn how Hewlett Packard Enterprise (HPE) and DHL overcame global challenges to turn adversity into opportunity. By embracing digital transformation, diversifying supply chains, investing in automation and robotics, and building financial resilience, they positioned themselves for success in the face of adversity. Discover their innovative capability-building responses that have made them more resilient and successful than ever.
Navigating High Inflation: Pricing Strategies for Success
Discover practical ways to navigate economic challenges and position your company for success with this two-part series on pricing strategy. Learn how rising inflationary costs affect industries differently, the importance of understanding customer behavior, and the various pricing models that can be effective during tough times. Improve your pricing strategy with insights into consumer purchasing decisions and gain a competitive edge, even during times of economic uncertainty. Reach out for a free consultation to learn more.
Four Strategies and Seven Questions to Innovate for Revenue Growth
Even in downturns, innovation is key to driving revenue growth. By staying ahead of rapidly changing customer needs, companies can adapt quickly and develop new products or services. This leads to increased customer satisfaction, loyalty, and gives companies a competitive edge. But it's not just about creating new products. Innovation can also identify cost-saving opportunities, improve efficiency, and increase productivity. By staying on top of market trends, gathering customer feedback, tracking key metrics, and using financial modeling, companies can make data-driven decisions that prioritize innovation efforts and maximize returns.
Practical Considerations for AI Adoption in Business
Clearly, AI is ready for its close-up in the business world, and we should all anticipate more AI adoption in the workplace. The challenge is balancing human expertise with AI technology.
The importance of alignment for competitive advantage
In a rapidly changing business environment, being able to adapt and pivot is crucial to success. With a strategic plan in place, you can set a course for success. It's the kind of thing Growth Innovation Strategy Group loves to do, and can help with.
Navigating Shifting Customer Expectations
Our team helped a business concerned about shifting customer expectations to analyze and prioritize emerging customer segments to create a growth trajectory. We identified critical business competencies such as business analytics, specialized sales, and process design necessary to establish a new service line. This approach proved successful, resulting in a sixfold increase in revenue and profit margins over the last three years.
Adapting to Disruption: Lessons Learned
Disruption is a reality all companies must face, but the key is to respond deliberately to these changes. We've learned that by keeping a close eye on new entrants in the industry, engaging with startups and new technologies, and embracing automation and other new technologies, companies can stay ahead of the competition and thrive in the changing landscape.