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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
1 LEAN Roadmap2 LEAN Innovation Audit3 Organisational Design4 LEAN Burning Platform5 LEAN Virtuous Circle6 How to Guides7 People Power8 LEAN Portfolio Management9 LEAN KPI’s10 LEAN 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
Increaseddifferentiation&relevance=Brand trust
Insight
Unmetneeds&occasions
Innovationplan
Increasedfrequency
Increased
Consumerengagemen
#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 buckets
Newproducts
CI
Business
innovation
NewServices
Pearls Bread&butter
Oysters Whiteelephants
B. 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
Thanksfor listeningMike Faers+44(0)7738 224 586