WhatisinanInnovationSandbox?

JonScheelehttps://jonscheele.com

http://linkedin.com/in/scheelejon

TheInnovationSandbox

Premises:• Rethinktheentirebusinessmodel—technologychoices,distribution,pricing,scale,workflow,andorganisation.• Researchingmarketsvsimmersioninthelivesoftargetconsumers.• Acceptconstraints.• Don’tinnovateinisolation• Committoastrategicintent.

“Aninnovation‘sandbox’involvesfairlycomplex,free-formexplorationandevenplayfulexperimentation…withinextremelyfixedspecifiedconstraints.”

CKPrahalad

Source:“TheInnovationSandbox”,https://www.strategy-business.com/article/06306 2

TheInnovationProcess

Adaptedfrom:DaveLandisSchema(https://www.slideshare.net/DaveLandis/agileuxdesign-thinkinghow-it-all-alignsdavelandis01) andAXADigitalAgency(https://www.slideshare.net/stephane_delbecque/lean-startup-and-mobile-development-at-the-axa-digital-agency)

Design Thinking Lean Startup Agile

Clear Need

ResearchObjective

PrioritiseInsight

BrainstormConcepts Hypothesis

Experiment Experiment

Pivot

Product/Market Fit

Feedback

New IdeasTroubleshooting

Explore

BuildIt

Innovation

Accounting Metrics

TargetCustomers

GrowthChannels

Offer & ProductEnhancement

PAIN POINT RESOLVE GROW

Concept

Direction

Growth Hacking

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InnovationChallengesandHackathonsDefinition:“Anintensive,software-centricideation,prototypingandpresentationchallengeonknownorunknownproblemsoropportunities”

Thefocusmaybeknownproblemsoropportunities(statedupfront)orbeopentoanyideaswithnoparticularconstraints.Inatime-boxedscenario,participantsareaskedto:• Comeupwithgreatideas• Formulateaprototypeandprioritise wisely• Self-organizeandexecute — doquickresearch,prepareresources,writecode,reuseexistingcomponentsandsystemsandfinallyprepareapresentation 

Source:GeorgeKrasadakis,“HowtoRunaSuccessfulCorporateHackathon”(https://medium.freecodecamp.org/hacking-the-hackathon-40c109c1a6ea) 4

ComponentsoftheInnovationSandbox

5

Survey

Finish

Often

Never

SometimesSeldom

Learn How

X

Sign Up

V

Sign Up

Finish

First Name

Email

Password

X Start Now V

Let's Go!

X

Are yousure?

Yes

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External Services

Internal Systems

Data Sources

Wireframing User Feedback

DevelopmentTools

Ideation &Interaction Multi-disciplinary

Team

Documentation, Collaboration& Presentation

IdeationDocumentation,

Presentation&CollaborationCustomerFeedback

InnovationToolsDesign&

Wireframing

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DevelopmentExternalServices

DataSources

AdvancedPrototypingTools

alsoPrivateorInternal

APIs

Infrastructure

alsoInternalSystems

Front-endDevelopment

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Suitablyanonymised,synthesised

oraggregated

datarepresentingcustomers,transactions,companystructure,locations

Maximising theValueoftheAssetTomaximise thevalueoftheInnovationSandbox,firmsshouldprovide:

• Self-servicetoolsforparticipantstoregister,createprojects,exploreprojects,formteams,exploretechnologiesetc.• Introductionstothefirm’sbusiness,andtheproblemsitseekstosolveforitscustomers• Tutorialsonthetechnicaltoolsavailableinthesandbox• GuidesonDesignThinking,Agile,LeanandGrowthHackingframeworks,andtipsonhowtopitchaproposaltothefirm• Asmallteamtosupporttheprocess,andaccesstoawidernetworkofbusinessandtechnologysubjectmatterexpertswhocanprovideguidanceandmentorship

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AbouttheAuthor

Ileadstrategy,innovationandprojectsenablingfinancialinstitutions,telecommunicationscarriersandenterprisestorapidlyprototypeandadoptdigitaltechnologiestotransformtheirbusiness.Ifacilitateandcoachmulti-disciplinaryteamstoachievesuperiorresults.Iapplymyconsultinganddeliveryexperiencegainedacrossfinancialservices,telecommunicationsandtechnologyinSingapore,Australia,USAandEurope.ForinformationaboutmeandtheservicesIprovide,see:https://jonscheele.com/orconnectwithmeonLinkedIn:http://linkedin.com/in/scheelejon

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