Streamlining innovation: from idea to implementation in Edtech
Industry: EdTech Business Process: Innovation Country: UK Year: 2023
Challenge: While an innovation department existed, the innovation development processes lacked the transparency needed for company leadership to make informed decisions on implementation. Products in development often appeared overly complex to other teams within the company.
Solution:
Clarity & alignment: A structured 5-step process for innovation creation and diffusion was developed and put into practice.
Documentation: Clear templates for project documentation were created, ensuring standardized and accessible information sharing.
Business Results:
Increased Innovation: 5 prototypes for new products were developed in 9 months. This highlights a faster or more efficient product development process.
Successful Product Launches: 2 of those products were launched in 2024 and are already generating additional profit. This shows a tangible return on the innovation efforts.