Business Need:
Implement and scale digital solutions which can disrupt traditional business
Approach:
Innovation center to validate MVP, BU to then build, launch and scale innovation
Achieved before EGA:
Executive / board buyin and incentives for innovation to scale
Challenge:
Majority of new solutions succeed through pilot but do not have funding / resources for long term growth
Gained:
- Understanding of importance of champions as well as business case for growth
- Peer coaching to approach measurement of success, budgets and timelines in new ways
Result:
- Successful spin out of new digital solution with non-traditional KPIs for success
- Leadership team confidence in innovation process and requirements for success