Innovation Strategy Consulting

We enable your organization to empower the new

Together, we strategically design your future business

We strategically design your organization to empower the new by helping you define the right innovation strategy, find methods and tools that work for you and ultimately become your own motor of ongoing innovation. Innovation Strategy Consulting from HYVE helps your company to shape the future.

Our specialists for innovation strategy consulting in the areas of:

1. Find suitable Innovation Strategies, Search Fields & Opportunities

We develop innovation strategies that define the  positioning of your innovation management. That way your innovation organization can focus on the right future challenges and set the right priorities for its innovation activities.

1. Status quo & gap analysis
   We offer a status quo analysis to  create a holistic picture of the strategic positioning. We consider various aspects such as corporate strategy, trends & technologies, market & customer insights, and regulatory & governmental boundary conditions. We use different analytical and data-driven assessment methods, stakeholder interviews, insights through best practice and aggregate the results within a gap analysis. As an outcome, we generate a common understanding, align all relevant stakeholder with the process, and define potential fields of developement.
   
   
2. Enrich the basis for decision-making
   We support you in filling the identified gaps to understand your future innovation potential. In order to find a substantial decision basis. we work with trend/tech research, customer studies, market or competitor analyses, and regulatory evaluations. Ideally, we run those sprint based deep dives in a co-creation mode together with your teams. In addition, we grant access to supportive databases, trend/tech and startup platforms, and our network. As an outcome we generate an insightful foundation on which we build the innovation strategy and related search fields.
   
   
3. Developing your innovation strategy
   Based on the insights gained, we design the innovation strategy with a clear vision but also with specific search fields. Both will give the organization (e.g. different business units) the necessary focus. In addition, the innovation strategy can also support in defining budgets, responsibilities, KPIs and evaluation criterias. As an outcome we develop a mutual innovation vision, create future scenarios, with an underlying innovation strategy, detailed search fields and if already possible a portfolio of linked innovation opportunities.

2. Designing Innovation Organizations, Processes and Supporting Tools

Setting up the innovation organization the right way is essential for your future performance. We help you design your innovation management, including processes, tools, as well as budget allocation and success measurement. Another key success factor is to install the necessary roles and responsibilities with adequate skills/competencies to reach your innovation goals.

1. Status quo analysis
   Before setting up or re-designing your innovation organization, we want to understand how things are being done currently and how you define your innovation ambitions. To get a better understanding of your situation, we engage in stakeholder interviews, review documents and past projects and share relevant best practice examples with you. We provide tailored co-creation formats for different corporate levels including special C-level activities to ensure a joint understanding, clear roles and aligned expectations. As an outcome we frame your ambition for the innovation organization and develop an in-depth analysis of your current innovation management including strengths and weaknesses.
   
   
2. Developing your innovation blueprint
   The development of a blueprint serves as the first prototype of the desired outcome. Depending on your specific needs, an innovation blueprint typically includes the following dimensions:
   • Alignment with the innovation strategy
   • Definition of the innovation organization
   • Deduction of relevant roles and responsibilities
   • Innovation processes incl. potential innovation management systems
   • Decision-making mechanisms incl. KPIs and related evaluation criteria
   • Budget allocation
   • Different interface definition to other corporate processes and functions
     
3. Applying the blueprint to pilot projects
   After agreeing on the first blueprint, we test and learn in first pilot projects. Therefore, we apply the blueprint logic in selected projects to make the aspired structure tangible and testable. Meanwhile, we constantly integrate learnings to improve the quality of the outcome and enrich the blueprint. This approach allows us to switch quite fast form concept work to iterative process optimizations. Further, we build fast project lighthouses which typically serve as strong arguments for the initiated change. We accompany the initial pilot project with different change-related activities including a focus on communication, commitment building as well as community creation.
   

3. Initiating Change: Empowerment, Culture & Mindsets

We enable organizations to become more innovative. We implement this through moderation, learning materials, change activities and ideally by running pilot projects in close collaboration with our clients.

1. Stakeholder communication & community building
   Innovation thrives with collaboration, exchange and feedback. To establish an open innovation culture, we rely on communication, continuous involvement and thus community building. Through a collaborative approach a lot of stories are written and content is generated during the innovation process, which can be shared with internal, but also external target groups via different communication channels. Innovation blogs, podcasts, learning groups, workshops or more C-level oriented formats support to steadily build a new innovation culture.
   
   
2. Commitment & motivation through pilot projects
   Successful change management in the area of innovation requires both rapid success at the project level, and opportunities for employees to quickly identify with the learnings and actively apply them. Both can be achieved through pilot projects. Therefore, after a short conception phase, we always try to quickly get into the output-oriented working mode. We either provide coaches and innovation consultants or educate the teams with specialist skills. In this setup, the goal is to apply and test the blueprint and to familiarize the teams with the methods, tools, processes, etc., and to deliver the first project success.
   
   
3. Innovation fosters personal growth & learning
   Organizational Learning is an important aspect of every innovation strategy. New trends, technologies, customer behavior, methods, tools or market developments must constantly be tracked. Companies should therefore provide personal growth paths for their employees. This is where innovation management offers great potential. Starting from trainings, webinars, scientific studies up to coached project work, or even completely new challenges like corporate venturing etc. HYVE offers a variety of approaches and solutions to enable organization-wide growth.