Ritech solutions: Innovation Furnace Overview
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Transcript of Ritech solutions: Innovation Furnace Overview
Experience theInnovation Furnace®Professional-Grade Innovation
December 2016
The Innovation Furnace®
Our purpose is to drive growth for our Clients through team-enabled, product innovation in the digital domain
We bring together a Triple-Team of Experts® in a powerful process called the Innovation Furnace® where we create complete digital strategies and product concepts that are ready for immediate development and testing
Our clients’ business needs are urgent, and we surge to deliver up to 1-year ’s work in 60-days or less
We guarantee results or money back
The Furnace Master™
Scott Relf Principal, Ritech Solutions
Creator of the Innovation Furnace®
Co-founder of Zave Networks, Frost & Sullivan Mobile Advertising Innovation Award in 2009; Acquired by Google
Inventor, business process patent for digital coupon banking system
Senior Executive of Marketing & Product Development at Sprint PCS, Kellogg’s and the E&J Gallo Winery
Proven innovation leader over many decades
High Impact Development
Ritech’s Principals are leaders in real world development for major brands in the United States and Canada; hundreds of successful HotConcepts™ developed over the past two decades
Ritech has a professional-grade innovation formula… Experience the Innovation Furnace®
The Furnace Master™ is an experienced driver of innovation; in client companies, corporate roles & start-ups:• Fortune 100 & Global 200 clients since 2008
• Zave Networks: Award-winning start-up sold to Google
• Sprint PCS: Hi-tech for the mainstream (1999-2003)
• Kellogg: Food for adults and kids (1990’s)
• E&J Gallo Winery: Beverages (1980’s)
A Powerful Team Experience
One-of-a-kind process of power-inventing that delivers 12X more quality ideas than traditional ‘brainstorming’:
Fundamentals of Innovation – diversity of thought, no fear, IdeaStimulation, and IdeaExercises
Triple-Team of Experts® – the most skilled and diverse team of experts possible
Power-Inventing Techniques – small working group focus delivers 12X more quality ideas than traditional ‘brain-storming’; documented in published academic studies
Partner-Managed 48-Hour Process – project-specific innovation plan, dynamic flexibility, real-time metrics, run by experienced executive team
Guaranteed Deliverables – documentation of more than 100 ideas, dozens of ideas developed in detail, and the best 10-15 developed into HotConcepts™ for incremental prototyping and trial
We Deliver Speed & Performance
Most innovation experts agree…
… partnering with outside resources improves speed and performance.
Those who Experience the Innovation Furnace® attest to:
Accelerated idea generation
Incremental expertise
Enhanced out-of-the-box thinking
Limited distraction from operations
Improved speed-to-market
Cost efficient... no added overhead
60 Day Innovation Countdown®
• Step 1: Pre-Heat– Data collection, internal interviews
& intense preparation
• Step 2: Triple-Team of Experts®– Your best internal experts; plus 5
Ritech experts; plus additional world-class specialists, as required
• Step 3: Innovation Furnace®– Proprietary & powerful 48-hours of
on-site inventing that generates 12X more quality ideas than traditional brainstorming; developed into HotConcepts™.
• Step 4: HotConcepts™– A portfolio of professionally written
concepts ready for immediate testing & development for launch.
Moving Forward with HotConcepts™
The outcome of the powerful, intense and team-inspiring Innovation Furnace® is a portfolio HotConcepts™ that are guaranteed to be compelling, practical and rewarding to you
Ritech has a complete and valued capability to incrementally make these HotConcepts™ into revenue generating digital products and services that will delight your customers
We move forward incrementally with precision; measuring each step of the process to ensure clear client communication, highly cost-effective implementation and maximum end-customer satisfaction
Pathway to Implementation: Controlled Burn™
We have designed a hands-on development approach that allows further exploration and implementation in a controlled manner when the “unknowns” are huge and you need to make steady, consistent and measurable progress
For these situations, we recommend our incremental discovery and fast feedback digital development approach, Controlled Burn™
Using the tools of Lean User Experience (UX) Design and Lean Engineering, you get results early, for a modest cost, that you can test and further evolve with your customers.
1. Incremental discovery of requirements
2. Cost containment to a fixed weekly / monthly budget while leveraging highly-skilled offshore resources
3. Bite-size development chunks where we can make changes agilely, in real time, making every hour and dollar spent work hard for you
Great Results… 4 Examples
Product Innovation to Accelerate Growth of Market Leader Developed a portfolio of near-term and long-term new capabilities to
accelerate growth for a world leading law firm licensing deceased celebrity publicity rights (CMG Worldwide)
Fill Product Launch Pipeline Developed a portfolio of new products to fill the 3-year product pipeline for a
major new brand launch with a $300M growth objective (Nestle)
Breakthrough Customer Service Improvement Developed a portfolio of new & improved services to significantly improve
consumer experience across retail, call-center, and online touch-points over 3 years (TD Canada Trust)
Invent the Next Generation of Products Developed a portfolio of new products to anticipate and exploit the evolution
of a health-focused consumer segment, and protect the leading brand’s market position (Coca-Cola)