Ritech solutions: Innovation Furnace Overview

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Experience the Innovation Furnace® Professional-Grade Innovation December 2016

Transcript of Ritech solutions: Innovation Furnace Overview

Page 1: Ritech solutions:  Innovation Furnace Overview

Experience theInnovation Furnace®Professional-Grade Innovation

December 2016

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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

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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

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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)

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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

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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

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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.

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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

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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

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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)

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