How do the best companies innovate?

How do the best companies innovate?

1 Expert Answer

Tony Ulwick

Founder & CEO,  Strategyn

The world’s best innovators rely on more than just intuition.


In fact, intuition has very little to do with delivering breakthrough products.


The best innovators rely on a solid innovation process.


Unfortunately, most companies don’t have a solid innovation process…and 90%+ of execs are disappointed with their innovation performance.


But we’ve proven out these 5 process steps over 30 years and 1000s of projects:


✅ Define your market around the job-to-be-done

✅ Uncover desired outcomes

✅ Quantify which outcomes are unmet

✅ Discover hidden segments of opportunity

✅ Formulate and deploy a winning strategy


Following these 5 steps tells you exactly how to create products and services that customers will want to buy.


When we follow this innovation process, we see an 86% new product success rate.


That’s 5X the industry average.


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