Research finds that companies that proactively innovate during challenging economic times realize 7X to 21X greater growth in profit margin and sales.

Sadly, many organizations don’t have the capability or confidence to be PROACTIVE Innovators.

The good news is there are some remarkable innovations in innovation work systems that can help any organization transform themselves.  Best of all they are very FAST – leaders see tangible impact in just 100 days – transformational impact in just 12 months – and a sustaining change momentum across the entire organization in 24 to 36 months.

The new systems were created and validated by the Eureka! Ranch’s R&D group the Innovation Engineering Institute.   It’s a collaboration of industry, academics and government dedicated to finding faster, smarter systems for transforming PROACTIVE Innovation from a random gamble to a reliable science.

We focus on systems because as the legendary Dr. W. Edwards Deming said “94% of failures are due to the work system, 6% are due to the workers.”

Examples of 3 of the dozens of new systems and tools include:

1. A System for Creating INVESTIBLE Business Opportunities instead of Product/Service ideas.   This is a major shift.  Previously innovation was focused simply on ideas that address customer or consumer insights.  Today, this is shifting to a more wholistic focus on Business Opportunity.  This means the focus is on solving for the three risks: 1) Market Risk (will the customer buy it), 2) Technology Risk (can we make and deliver the idea) and 3) Organizational Risk (profitability, ROI, regulatory, staffing and investment needs).
   
   
2. A System for Forecasting Innovation Sales AT THE START when there is high uncertainty.  Today’s leading innovators believe that “no math no project.”  The uncertainty is embraced and modeled using a Risk Adjusted Forecasting technique known as Monte-Carlo Simulation.  In brief, it involves Fermi estimating of best case (1 in 5 chance), worst case (1 in 5 chance) and best guess. The inputs are converted into a probability curve and the computer system “virtually introduces” the innovation to the marketplace 10,000 times developing a probability distortion of results.  This approach also provides sensitivity analysis identifying the highest risk areas providing focus to your development efforts. Don’t take my word for it – reply to this email and the Ranch Team will lead you through a demonstration so you can see it for yourself.
   
   
3. A System That  Quantitatively Forecasts Future Trends and Opportunities.  Proactive innovation anticipates the future.  Digital Delphi is an iterative forecasting system that mines the factual knowledge and instinctive wisdom of industry experienced managers.   Again,  don’t take my word for it – send me an email and the Eureka! Ranch team will lead you through a demonstration so you can see it for yourself. 

And that’s just the start…here’s a half dozen other new technologies: 

1. Advanced Rapid Market Research systems that cuts cost and timing by 90%!
   
2. An Advanced AI tool that transforms millions of Public Domain patents into hundreds of ideas to help you think faster, smarter and more creatively about your innovation challenge.
   
3. A Spark Deck System that transforms your customer insights, tech mining, future trends and marketplace dynamics into Into 5X More Big Ideas.
   
4. A System for Moving your culture from REACTIVE Fire Fighting to PROACTIVE Problem Solving.
   
5. A System for Driving Out Cultural Fear through the Application of Psychology.
   
6. A System for doubling engagement and success with your Strategic Plan.

Cheers,

Doug Hall 

Founder – Eureka! Ranch
Co-Founder – Dexter Bourbon Company from the Brain Brew Distillery
Co-Founder – Eureka! Ranch Distilled Spirits Group

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