Ep. 026 - Cooking Innovations
This podcast talks about the process of launching new innovations, which is quite similar to cooking that special meal.
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How to bring your great business ideas into reality? How do we turn Vision into real-life Innovation?
This episode discusses the process of launching new innovations, which is quite similar to cooking that special meal.
It takes a lot of ingredients and people to work together to come up with delicious food that delights consumers. So, the same is true, “it takes a village to launch an innovation.”
We will need people from different specialties and functions, to make it work. For example, Research and Development, Marketing, Sales, Supply Chain, and Finance, to name the core functions.
Then, we will also talk about how to select the best ideas for the product launch. The principle here is to start small, test the best ideas, and only launch massively the most promising ideas.
Lastly, we will deep dive into the nitty gritty details of turning the ideas into reality and how to transform business Vision into Execution by chartering a Project Team.
Then, we can enjoy the fruits of our labors, witnessing how the new innovation delights the consumers and seeing how the numbers are increasing in terms of Revenue and Profit on the Balance Sheet.
