Business cases are new process or projects in a company. At openinnovation.me we are always working with clients and partners on creating new business cases which were not previously possible. Here are some examples:
Collecting feedback from end users of your products
This seems simple but in most cases getting feedback from final users of products is blocked by levels of management and retailers. Having a direct line to users is highly valuable.
Offering feedback to suppliers
This is the reverse version of collecting feedback from end users. Allowing direct feedback flow from your team to the supplier will be beneficial for your company and theirs. Although this innovation cooperation is always present, it is not systematic and neglected.
Discovering new uses of products
WD-40 is a product with 2000 uses with new ones being added constantly. New uses of products extend the product life and increase its competitiveness. Best way to discover them is by listening to customers.
Sharing new uses of products with clients
Once new uses are discovered and approved it is important to share them with all the other customers and partners efficiently therefore increasing the value of product for them. This is a form of innovation content which can often be obscured on non-innovation channels, and therefore requires its own channel.
Adding external (more open) innovators
Companies eventually switch from making to buy innovation and innovators. Instead of hiring staff and hoping that they come up with something new, companies look for someone who already created something new and partner with them. This is referred to as research when brands are too weak to attract, and marketing when brands are strong and attract external innovators.
Engaging innovative teams at early stages of innovation (closer to idea stage)
This is an improvement to adding external innovators. The sooner the innovators are found or attracted the easier and cheaper it is to integrate their innovation. The later they are attracted the price of their innovation is higher, and it is harder to integrate. Goal is to find a sweet spot after they lose interest for full time employment and before their projects gain traction.
If you are interested in developing new business cases in your company, email Andrea Toniolo at andrea@openinnovation.me.
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