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Develop a Pipeline for Growth
Are you struggling to take your business to the next level of growth and
profitability?
Are lower cost imports affecting your competitiveness?
Is your business growing so rapidly that you're having difficulty
managing everything?
We can help!
At
ECI we can help your company grow by:
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developing new and
innovative products/services
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helping you find new
customers and markets
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improving your
marketing messages
Generally, we follow a five
step process:
Step 1:
Competitiveness review/needs assessment
Step 2: Producing ideas for growth
Step 3: Testing the ideas
Step 4: Performing a due diligence on the best ideas
Step 5: Developing and launching the most promising
product/service
Step 1: Competitiveness review/needs assessment
This process helps a company determine which services it may need in
order to grow its
business. By meeting with members of your
team, we can determine specific company goals,
strengths and
perceived weaknesses. The process also includes a detailed
review of current
growth goals and plans on how to achieve them.
Step 2: Producing ideas for growth
In one day your company will participate in several ideation
exercises to generate ideas for new
products, new markets and new
marketing messages. Using a methodology developed by
national
growth guru Doug Hall, 8-15 members of your company will work in
teams to develop
ideas for growth. Hall's Eureka! Winning Ways
® is the only program of its kind that has been
customized for small
and medium-sized enterprises. To date, the program has helped
over 100
manufacturers.
Step 3: Testing the ideas
The Merwyn success screening tool is used by E! WW to rank ideas
from the most likely to
succeed in the marketplace to the least
likely. Merwyn benchmarks your idea against 50
success factors
and evaluates how obvious and self-evident your idea is to potential
customers.
By researching over 4,000 ideas in the market and combining them
with complex probability
curves and algorithms, the Merwyn software
program is able to provide you with a percentage
score that
indicates probability of success.
Merwyn has an 88% reliability forecasting probability of success and
97% accuracy on
forecasting failure. It has been validated for
industrial, B2B and consumer initiatives. It has also
been
validated versus classic research methods like: AcuPOLL, BASES
and eValuate (patent
pending # 10/314,084).
Step 4: Performing a due diligence of
the best ideas
E! WW uses the Trailblazer research and development process for
investigation and developing
new ideas faster and with less risk
compared to classic methods. It is based on thinking and
acting like an entrepreneur and focuses on:
1.
Individual ownership and responsibility
2. Borrow don't
build or buy
3. Fail fast, fail
cheap learning cycles
4. Confront project
"death threats"
This process is designed to take only 30-45 days and follows a very
structured approach. In two
separate studies Trailblazer was
found to successfully develop new ideas with 10-20% of the
staff,
time and money.
Step 5: Discovery of the most
promising ideas and establishment of growth pipeline
Skills in innovation management are very important in this stage and
we can assist you in
developing team assignments and timelines for
development and reloading of new ideas to
develop a growth pipeline.
Contact:
Dorette Coetsee
803-397-4590
dorette@findnewmarkets.com
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