How an innovation strategy sprint speeds up the entire process
Traditional consulting methods often prove slow and sluggish with length audits and strategizing ultimately wasting time and budget, leading to missed opportunities from hungry start-ups. To break free of the traditional consulting model, corporates must overcome the roadblocks of slow decision-making, risk aversion and hierarchy that can make innovation and disruption difficult. The Innovation Strategy Sprint can help this process, by speeding up the execution process to be completed in one week rather than one year, making it less time-consuming and more efficient. The sprint covers five simple elements comprising of discovering the status quo, defining an innovation mission, designing an innovation blueprint, deciding with key stakeholders, and finally delivering the strategy, allowing for revisions to be made to adjust plans as required. Before starting, it is important to keep in mind that the sprint is not a workshop, but a decision-making platform, and C-Level buy-in is crucial. It is okay to launch early and make changes as the organization progresses. It is also essential to schedule time for the sprint as soon as possible, and to prove any changes with evidence, not just plans.