Harnessing innovation within the food industry © 2012 Food Innovation Solutions.

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Presentation transcript:

Harnessing innovation within the food industry © 2012 Food Innovation Solutions

LEAN Innovation Harnessing innovation within the food industry 10 ways LEAN innovation can help your organisation to win in a recession

10 steps to achieving a LEAN Innovative organisation Harnessing innovation within the food industry 1LEAN Roadmap 2LEAN Innovation Audit 3Organisational Design 4LEAN Burning Platform 5LEAN Virtuous Circle 6How to Guides 7People Power 8LEAN Portfolio Management 9LEAN KPI’s 10LEAN Philosophy

#1. LEAN Innovation roadmap Harnessing innovation within the food industry

#2. LEAN Innovation audit Harnessing innovation within the food industry What does this achieve…? Baseline 360 Awareness Competition

#3. Organisational design Harnessing innovation within the food industry

#4. Burning platform Harnessing innovation within the food industry What is the cost of not innovating? Hoover Cirque du Soleil Wii Innocent Drinks

#5. LEAN virtuous circle Harnessing innovation within the food industry

#6. How to guides Harnessing innovation within the food industry What is the right process? Silver bullet Impact + - Trained & sponsored Flexible X functional Evolving

#7. People Power Harnessing innovation within the food industry Biggest asset or barrier Biggest enabler Training Advocates Attracting talent Empowered Accountable What is the quickest way to improve the ROI? Improve the capability of the existing resource

#8. LEAN Portfolio management Harnessing innovation within the food industry A. Strategic bucketsB. Selection & prioritisation You have got to know when to hold em, know when to fold em, know when to walk away… Kenny Rogers the Gambler

#9. LEAN KPI’s - Principles Harnessing innovation within the food industry Make or break Think carefully Broad: commercial, brand and innovation NVP (net present value) Portfolio value Zero gap execution % Market share Brand trust Quality tracking studies Total cost of Innovation reduction % Total increase of revenue from innovation % Employee satisfaction metrics Customer scorecards

#10. LEAN Philosophy Harnessing innovation within the food industry Challenge – Learn - Persist Are we doing the right project? Are we doing the project right?

Harnessing innovation within the food industry Thanks for listening Mike Faers +44(0)