STRATEGY & ORGANIZATION
What departs the best from the rest? A world-class innovation system that is strategy-led, internally consistent, and adaptable adequate to drive serial success through an ongoing innovation drive. Innovation is essential. Nearly 75% of companies say innovation is one of their top three management priorities, and 35% rank it above all others. That’s not surprising. After all, a winning innovation strategy - paired with the right innovation system - can make a big difference. Digital and data are demanding even the strongest innovators to constantly master new capabilities and develop faster and more agile research and development processes.
How do you grow sustainably while preserving an insurgent mindset? How do you boost efficiency while remaining flexible? How do you launch and scale innovation while continuing to execute tried and tested processes? We help you balance all these considerations and more, ensuring that you attract and retain great talent and effectively manage organizational change.
VAMS BUSINESS CONSULTING’s INNOVATION JOURNEY
Sidestepping the innovation pitfalls calls for an approach that is strategy-led, biased toward action, and agile. These characteristics are true whether you’re talking about innovation in consumer products or in a business-to-business domain - or innovating at the level of the product, service, or business model. And they’re at the heart of our approach to discovery consulting. VAMS BUSINESS CONSULTING’s innovation journey is a holistic approach in which we collaborate closely with the client to strengthen its innovation system and make innovation happen.
We begin by looking both outside and inside to define an innovation strategy that best supports the overall business strategy. Outside to understand key trends shaping consumer economics and demand and to prioritize the most attractive domains for innovation investment. And inside to understand the strengths and weaknesses of the client’s innovation system. The strategy enables the innovation system to gain traction by pinpointing the most important areas for investment.
Increasingly, innovation success calls for the ability to continually build new innovation muscles or to bring in new skills and capabilities from outside. We help organizations identify the critical capabilities needed and define the best path to obtain them, whether through corporate venturing, partnership, acquisition, or internal development.
A great innovation strategy is necessary but not sufficient. Creating value in a world of shortening product and business model life cycles require decisive action and speed. We work with clients in a sprint-based approach to develop and launch minimum viable products consistent with the strategy. Offerings are evolved in this “test and learn” approach and the less successful ones are dropped to free up resources for other projects.
BUSINESS BUILD AND SCALE-UP
Maximizing the return on innovation investments requires the ability to find product-market fit and scale the most promising projects fast. We work closely with clients to help them make the transition from experimentation to the execution of a new product, service, or business model.
WE WORK CLOSELY WITH YOU
Build a bridge from strategy to results, using our proprietary diagnostic to assess your current operating model and determine how to effectively implement a strategic realignment, cost reduction program, merger integration, or seize any number of other opportunities. In situations where a fresh start is called for, a zero-based redesign can help you simplify your organization, streamline work processes, advance your digital strategy, and unlock massive savings.
Make and execute decisions faster than your competitors, by assessing and developing your decision effectiveness. Decision made, we help you execute it quickly and successfully, using Agile methods.
Define your long-term talent needs and develop a strategy for meeting them, supported by the systems you need to recruit, retain, and develop the people your company depends on. We also help you maximize your talent strategy by showing you how to build the kind of culture that inspires optimum performance.
OPERATIONAL MODELS & ORGANIZATIONAL DESIGN
We help you build an operating model that unlocks the full potential of your people so they can effectively execute your strategy and embody your purpose. Your operating model will be adaptable and innovative in the face of change, remain simple and efficient even as you grow, and support effective decision making. You’ll be able to leverage new data and technology where it matters most, in building the differentiating capabilities that power your growth. We’ll help you foster the behavior change so essential to sustaining the changes you make.
LEADERSHIP & TALENT
If people are your most important asset it makes sense to invest in them accordingly. We work with companies in every industry to help leaders become more inspirational, managers more capable, front-line employees more responsive to customer needs, and organizations better-equipped to meet a range of talent needs. We combine original research on effective leadership with best-in-class training to help everyone reach their full potential.