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Innovation
ServicesBrilliont cuts through platitudes to help companies deliver innovation results. We offer a comprehensive set of services to clients, from readiness diagnostics to implementation guidance, that enables innovation in a repeatable, scalable and successful fashion. We offer services in the following areas:
| | Innovation Readiness Assessment Brilliont's proprietary P3 assessment measures your company's readiness for innovation in the areas of Perceptions, People and Processes. First, we build a customized evaluation tailored to your industry and organizational structure. Next, we survey up to 500 people (and as few as 10) across all segments levels, business units and locations to ensure thoroughness and statistical significance. Finally, we deliver results along with a tactical roadmap that addresses areas of strength and needed improvement at a total company-level as well as across the various segments. | | Innovation StrategyThe first and often fatal flaw many companies make is launching an innovation program without first defining clear goals. What is your desired portfolio of incremental versus disruptive change? What is your timeline for profitability? Are you allocating the right amount of money? Where in the organization should your innovation program live? Brilliont can optimize your strategy before you launch, helping you to avoid pitfalls right out of the gate. | | Idea GenerationGetting ideas from your employees or customers is easy; getting good ideas is not. For example, did you know that running a time-limited, targeted challenge generates 30 times the number of high impact ideas than an open-ended suggestion box1!? Superior suggestions result when you pose a clearly articulated problem to a diverse, collaborative audience. We can work with you to develop an idea generation process that results in the best idea pipeline. | | Idea ManagementSo you just ran a 2-week ideation session where you received over 400 suggestions on how your company can become more environmentally responsible - congratulations! Now the real work begins. How will you score these ideas to determine which ones deserve further consideration? Who is going to work on these projects? Where is the money coming from and how will you allocate it? What is the gating process? Simply stated, good ideas die when these questions are not properly answered. Brilliont will tailor an idea management discipline to suit your needs. | | Portfolio AnalyticsInvesting in innovation is inherently speculative. Unlike traditional business, innovation is not about getting it right every time or the frequency of rightness. Instead, it is about ensuring that when your innovation works, the magnitude of rightness is sufficiently large to justify the risk. Our Portfolio Analytics team can review your investments in innovation to determine if the portfolio is sufficiently diversified and balanced across risk, reward and timing. Then we offer insights and recommendations as to where your innovation resources are best placed going forward. | | MetricsApplying the same old success metrics to new, speculative business opportunities does not make sense. The cashflows are often highly uncertain as are payback periods and other traditional business measures. Therefore, it’s important for companies to adopt new metrics that protect exploratory projects from being killed in favor of those that are business-as-usual. We can help you define the proper metrics at both the project and program level, and also assist in evolving these measurements as your program matures. | | Software Vendor EvaluationThere are plenty of vendors who will happily sell you some off-the-shelf software that can “ready” your company for innovation overnight. Brilliont is not one of them. In fact, we don’t sell any software. Technology is an important enabler – not the answer. So if you seek impartial expertise to evaluate a solution for your innovation program, the Brilliont team can help with defining key functionality, conducting RFIs/RFPs, building a proof of concept and even negotiating with vendors. We have extensive experience and knowledge of the providers in this area and so can ensure you are picking the right solution based on your needs and also getting the best deal. | | Resources, Culture & IncentivesProcess and systems are important, but they are not enough. Ideas, and more painfully, entire programs will fail if your company is not culturally braced for change. Everybody must be bought into the objective: from executives who sponsor, to senior managers who champion, to middle and lower level employees who build innovation. This is not about giving townhall presentations, touting slick marketing campaigns or mimicking the best practices of other companies. It is about training and education at all ranks of the organization as well as aligning the organization and its people with appropriate incentives. Our team will work side-by-side with your organization to ensure these goals are met. | | Competitive IntelligenceWhen asked about his secret to success, legendary hockey player Wayne Gretzky replied, "I skate to where the puck is going, not where it has been." There couldn't have been a better synopsis of what great companies do when it comes to innovation. If you want to understand where your industry is going, it’s critical to know where competitors, startups and venture-backed companies are headed. This knowledge can help you develop more compelling products and services, or even help you identify potential partners and acquisition targets. The Brilliont team will scan the marketplace to determine where the proverbial puck is going and help you get there first. | | Intellectual Property Planning and ValuationOrganizations often look for innovation externally but ignore a valuable innovation asset they already possess: their intellectual property or patents. Our team can unlock the resident value of your patent portfolio by first determining the value of your patents and then working with you to structure licensing or sales transactions. | |
1 Tom Davenport, Babson |
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