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