A new PowerPo

1. Harnessing innovation within
the food industry
© 2012 Food Innovation Solutions

2. LEAN Innovation
10
ways
LEAN
innova0on
can
help
your
organisa0on
to
win
in
a
recession
Harnessing innovation within the food industry

3. 10 steps to achieving a LEAN
Innovative organisation
1 LEAN
Roadmap
2 LEAN
Innova0on
Audit
3 Organisa0onal
Design
4 LEAN
Burning
PlaEorm
5 LEAN
Virtuous
Circle
6 How
to
Guides
7 People
Power
8 LEAN
PorEolio
Management
9 LEAN
KPI’s
10 LEAN
Philosophy
Harnessing innovation within the food industry

4. #1. LEAN Innovation roadmap
Harnessing innovation within the food industry

5. #2. LEAN Innovation audit
What
does
this
achieve…?
• Baseline
• 360
• Awareness
• Compe00on
Harnessing innovation within the food industry

6. #3. Organisational design
Harnessing innovation within the food industry

7. #4. Burning platform
What
is
the
cost
of
not
innova0ng?
• Hoover
• Cirque
du
Soleil
• Wii
• Innocent
Drinks
Harnessing innovation within the food industry

8. #5. LEAN virtuous circle
Harnessing innovation within the food industry

9. #6. How to guides
What
is
the
right
process?
• Silver
bullet
• Impact
+
-­‐
• Trained
&
sponsored
• Flexible
• X
func0onal
• Evolving
Harnessing innovation within the food industry

10. #7. People Power
• Biggest
asset
or
barrier
What
is
the
quickest
• Biggest
enabler
way
to
improve
the
• Training
ROI?
• Advocates
• Aarac0ng
talent
Improve
the
• Empowered
capability
of
the
• Accountable
exis0ng
resource
Harnessing innovation within the food industry

11. #8. LEAN Portfolio management
A.
Strategic
buckets
B.
Selec0on
&
priori0sa0on
You
have
got
to
know
when
to
hold
em,
know
when
to
fold
em,
know
when
to
walk
away…
Kenny
Rogers
the
Gambler
Harnessing innovation within the food industry

12. #9. LEAN KPI’s - Principles
• Make
or
break
• Brand
trust
• Think
carefully
• Quality
tracking
studies
• Broad:
commercial,
brand
• Total
cost
of
Innova0on
reduc0on
and
innova0on
%
• NVP
(net
present
value)
• Total
increase
of
revenue
from
• PorEolio
value
innova0on
%
• Zero
gap
execu0on
%
• Employee
sa0sfac0on
metrics
• Market
share
• Customer
scorecards
Harnessing innovation within the food industry

13. #10. LEAN Philosophy
Challenge
–
Learn
-­‐
Persist
Are
we
doing
the
right
project?
Are
we
doing
the
project
right?
Harnessing innovation within the food industry

14. Thanks
for listening
Mike
Faers
+44(0)7738
224
586
Harnessing innovation within the food industry