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Executing a Proposal To Innovate

In this final part of the series, we’ll tie everything together! Specifically, we’re going to focus on executing a proposal to innovate in a form that can be understood by key stakeholders. At this point you should understand why you’re innovating and have identified and selected a single or list of Innovation Mines to reap the most benefit.

Develop the proposal to innovate

The final step of the process is three pronged,

  1. Select potential and actionable Innovation Mines.
  2. Apply Frameworks, weigh them up against each other and choose the one that gets everyone super excited.
  3. Develop a full Business Case to showcase and extract the value
Weigh Innovation Mines against each other, and develop a full business case

Our team’s final business case was a Circular Supply Chain of Polyvinyl Alcohol filaments to capture a USD 400 Million market opportunity in apparel and footwear customization market for a large manufacturer of clothing apparel. 

The case was projected to return a 16% ROI and a Net Profit of USD 8 Million in the first year of operation. The application would allow the client to slice last-mile deliver times significantly by allowing retailers to 3D print custom apparel designs at scale, whilst remaining sustainable in the long-term.

Presenting your Innovation Proposal

Here are some tips to consider when before you present and execute your proposal innovate,

I recognize that this is a lengthy. But trust the process, trust me. It really changes your perspective. I hope this was insightful for you, and would love to hear your perspective on the process!

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