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Innova&on:	
  Racked,	
  Packed	
  &	
  Stacked	
  
    Six	
  Steps	
  To	
  Successful	
  Innova&on	
  
              Dean	
  Crutchfield	
  Associates	
  
Surviving the Flood
             Markets are drowning as a
             result of commoditization,
             reliance on cost
             containment, glib value
             propositions, and price
             competition. How can
             businesses differentiate
             themselves while creating
             valuable products, services,
             and experiences for their
             customers? Planning for
             growth and innovation
             requires a robust and
             ambitious business model.
Dean Crutchfield Associates
If people aren’t telling
                you that your idea is
                crazy, then it is likely
                not a very big idea.”
                                           Francis Ford Coppolla

                This six-step process aims to help
                businesses differentiate in
                crowded markets and position
                them for successful
                implementation of innovation.



Dean	
  Crutchfield	
  Associates	
  	
  
Plan Ahead
                   A pugnacious CEO once told me
                   that there are three ways to lose
                   money: gambling, divorce, and
                   innovation. With annual US
                   research and development
                   spending amongst Booz & Co’s
                   Global Innovation 1000 at over $500
                   billion, companies are paying
                   heavily for the ambition to create.

                   But how do you plan for new growth
                   and innovate in those markets
                   where too many businesses are
                   armed against commoditization
                   with glib value propositions and
                   over-reliance on cost containment,
                   promotions, product extensions,
                   and price competition?
Dean	
  Crutchfield	
  Associates	
  	
  
Plan Ahead
                   According to a global study by IBM,
                   today’s CIO spends an average of
                   55% of his or her time on activities
                   that spur innovation, and the key
                   component underpinning all
                   successful innovations is the
                   business model.

                   For a business model to be of value,
                   it must have three core elements: a
                   unique central idea that defines
                   who you are, a grasp of future
                   market trends, and profitability
                   from either lower cost base or an
                   offering that cannot be easily
                   copied.


Dean	
  Crutchfield	
  Associates	
  	
  
Plan Ahead
Implementing a differentiated
business model can successfully
unite silos across the enterprise,
turn around opportunities faster,
get customers to stay longer and
pay a premium, resolve internal
crises quicker, and better leverage
the allocation of resources.

Nice to have, but where do you
start? The solution is a combination
of insights from Booz & Company,
Michael Porter, and Philip Kotler
that blend into a six-step process
that can guide organizations to
conquer the challenge of building a
business model geared for
innovation and business
transformation.
1. Know Thyself
                   The first step of this process is a
                   brutal assessment of what
                   business you are in, how the
                   business is differentiated, and if
                   and why it is trapped in price
                   competition hell.

                   It is then a question of knowing
                   the appropriate innovation
                   strategy for an ambitious,
                   audacious, and imaginative
                   response. Identifying which
                   approach is relevant for the
                   business model has huge
                   implications for the outcome of
                   the innovation process and the
                   allocation of resources.
Dean	
  Crutchfield	
  Associates	
  	
  
1. Know Thyself
                   Booz & Co. have identified 3 types of
                   businesses strategically placed for
                   innovation:

                   Need Seekers – research customers
                   to explore new products and
                   services based on insights

                   Market Readers – focus on value
                   through incremental change with
                   proven market trends

                   Technology Drivers – constantly
                   rolling out new releases, seeking to
                   solve the unarticulated needs of
                   customers via new technology.
Dean	
  Crutchfield	
  Associates	
  	
  
2. Know Thyself
Consequently, it is essential to become the ruthless enemy of ambiguity and
ask entirely different sets of questions about the business framework for
analysis can be found in Michael Porter’s five forces: the degree of rivalry in the
category, threat of new entrants, the
chance of substitution, buyer power,
and supplier power. In basic terms,
the framework requires that an
organization evaluate their strategic
position relative to the forces.

By understanding influences such as
competitive threat and supplier
bargaining power, a business can
generate an edge in the category.
Behemoths like McDonald’s, PepsiCo,
and Amazon are thriving global businesses because they fully understand the
dynamics of Porter’s five forces and have successfully adapted their business
models to influence the category in their favor.
                                Dean	
  Crutchfield	
  Associates	
  	
  
3. Aim Past The Target
The third step of creating is to redefine
the business and ascertain whether the
aims are to attract more users and/or
innovate new uses for the product,
service, or experience. Critical for a
successful business model is Philip
Kotler’s 6 Ps:
People – who is your target customer
and why are they buying your product?
Product – what is it/could it be and why
is it unique in the category?
Price – what must be set to cover fixed
and variable costs with a just profit?
Place – where have you chosen to do
(e)business and why?
Promotion – how do customers buy the
products and how should you sell?
Performance – what are the key metrics
that success will be judged?
3. Aim Past The Target
                                                   Companies like Penske have built
                                                   efficient, hyper-competitive
                                                   businesses by consistently honing
                                                   their business model to the ever-
                                                   changing dynamics of the market
                                                   place using the 6 Ps.

                                                   Roger Penske, Founder and
                                                   Chairman of Penske Corporation
                                                   starts with People: “Want more
                                                   customer focus or more sales? Ask
                                                   every manager at every level to call
“Want more customer focus or
                                                   on at least ten customers per week.
more sales?” Roger Penske	
                        It is also a great way to stay atop of
                                                   trends. Twenty percent of my time is
                                                   spent actively calling customers.”
                                Dean	
  Crutchfield	
  Associates	
  	
  
3. Aim Past The Target
                   A robust plan must also layer in
                   government regulations and laws
                   currently in the market space – an
                   essential component often
                   overlooked.

                   When evaluating countries for
                   investment or opportunities, look
                   first at a country’s geopolitical
                   stability and its laws protecting
                   property rights: these issues tend to
                   provide a better long-term view on
                   market risk and opportunity than
                   economic indices,” says Dr. Alan
                   Greenspan, former Chairman of the
                   U.S. Federal Reserve.
Dean	
  Crutchfield	
  Associates	
  	
  
4. Lead Follow Or Get The
                   Hell Out Of Way
                   The fourth step requires formulating
                   a strong leadership team with a shared
                   vision that will be at the center,
                   balancing contention with compromise
                   while simultaneously maintaining focus
                   on the brand and business goals.

                   Contrary to popular belief, business
                   innovation is not about isolation and
                   competition; it is more often about
                   cooperation and collaboration inside
                   the business.

                   This is best achieved by treating the
                   leadership team as venture capitalists
                   that have a stake in the program’s
                   success.
Dean	
  Crutchfield	
  Associates	
  	
  
4. Lead Follow Or Get The Hell
Out Of Way
Success, however, should never be
just about reaching targets: without
non-financial goals, the ship is
rudderless. Therefore the leadership
team needs to define the overarching
ambition for the business that can
help steer the future and act as a
compressed management tool when
making decisions.

Richard Branson of Virgin Group,
confirms that ambitions must come
before financial goals: “I can honestly
say that I have never gone into any
business purely to make money. If
that is the sole motive, then I believe
you are better off doing nothing.”
5. Big Results Require
                   Big Ambitions
                   Crucial to success is framing the
                   financial and strategic objectives of
                   the business that separates
                   immediate appetite from real
                   business requirements. Jim Collins,
                   author of Good to Great and Built to
                   Last, asserts that “a conservative,
                   disciplined approach to growth is a
                   critical factor in sustaining a great
                   business model. Though it may
                   seem counterintuitive, great
                   companies willingly leave short-
                   term growth on the table if it means
                   abandoning proven methods of
                   long-term growth.”
Dean	
  Crutchfield	
  Associates	
  	
  
5. Big Results Require
                   Big Ambitions
                   According to McKinsey, 84% of
                   executives believe innovation is
                   extremely important for their
                   company’s growth strategy.
                   However, the successful
                   implementation of innovative
                   products, services, and experiences
                   is a road paved with strain and
                   failure.

                   While building the business, do not
                   let short-term growth override the
                   long-term vision that provides a
                   strong, steadfast strategy to move
                   forward.
Dean	
  Crutchfield	
  Associates	
  	
  
6. Don’t Say, Do
                   The secret of business innovation is
                   to “think big, act small, fail fast and
                   learn rapidly.” It is key not to let pre-
                   determined goals undermine future
                   success. As Paul Graham,
                   entrepreneur and Founder of
                   Y Combinator said, you need to “get
                   up and running (bugs and all),
                   gather feedback, tweak and grow.”

                   Therefore, to avoid flailing around
                   like a loose fitting part in a machine,
                   you need to find the magnetic core
                   inside the business that will draw
                   together the company.


Dean	
  Crutchfield	
  Associates	
  	
  
6. Don’t Say, Do
                   “A common vocabulary is not a common
                   culture” former IBM CEO Lou Gerstner
                   said of business transformation. “It
                   requires focus, leadership, and
                   commitment” to create an authentic
                   community of motivated thinkers and
                   doers that can open new channels for
                   the business and industry.

                   Google encourages its engineers giving
                   them one day a week to work on a side
                   project. The policy has yielded more
                   than half of the company’s new
                   offerings in a typical year! So, whether it
                   is busting a new category or pushing
                   the boundaries of the establishment,
                   people are organized and compelled by
                   ideas that have a clear strategy, form,
                   and expression.
Dean	
  Crutchfield	
  Associates	
  	
  
On The Front Foot
                   With the 21st Century on fast forward,
                   never has there been a more important
                   time to innovate in the face of new
                   faster global competition. Entire new
                   industries and many existing ones have
                   transformed to become creators of
                   valuable ideas and experiences.
                   Increasingly, civilization is organizing
                   itself to maximize the generation of new
                   and better ideas, creating the
                   infrastructure, education systems, and
                   innovative organizations that will solve
                   problems, create value, and change the
                   world.

                   So let us say yes to delighting
                   customers and celebrate imagination
                   and indefensible creativity to advance
                   humanity into a brighter future.
Dean	
  Crutchfield	
  Associates	
  	
  
DCA Help Clients
                              Sell More Services
                                                   Selling
                                        Presentation Skills
                                        Ambition Planning
                                              Pitch Forum



                 Seize More Opportunity
                                           Brand Strategy
                                            Team Building
                                       Personal Branding
                                           Brand Building
                                       Business Activation



                              Win More Business
                                           Sharpen Offers
                                        New Business 101
                                         Pitch Boot Camp
                                          Growing Clients
                                          Pitch Doctoring

Dean Crutchfield Associates
Our Mission
                                         Achieving growth
                   For ambitious leaders who are driven to grow fast


                               Creating new business
       Orchestrating and activating accelerated outreach programs



                                   Building efficiencies
                     Rapidly sourcing the best talent for the business
                                                       
                                      Improving margins
       Rallying teams behind the brand and go-to-market strategy



                                      Boosting win rates
                 Delivering your best case and winning face forward
    
    
Dean Crutchfield Associates
Working with DCA
                     Catalyzing top line growth for clients is what we
              thrive on: delivering your best case and winning face,
              encourage your people to move the needle north and
               sharpen the product offering. DCA (Dean Crutchfield
                   Associates) achieve growth for clients by tailoring
                  brand-led techniques that are uniquely participant
              centered. We guarantee results. Whether it’s a better
               pitch, winning new mandates, a better team or more
                    fees, you will find our fee in your business within
                                                                weeks.

                      DCA programs have been thoroughly tested and
                       proven with start-ups and the world’s greatest
                           brands, uniquely adding immediate value.

                 When you hire DCA, you get results. If you have the
                right people attend the sessions and complete all of
              your committed decisions and pilot initiatives and are
              still not satisfied or seeing results by the agreed time
              frame, we will coach and advise you free until you do!


Dean Crutchfield Associates
Global Client Experience
                                                     Aviva*               McKinsey
                                                     BP                   Metsä Serla*
                                                     BT*                  Nomura*
                                                     BSkyB*               PepsiCo
                                                     Camper & Nicholson   PG&E
                                                     Carter’s             Pitney Bowes
                                                     Cellcom*             RBS*
                                                     CITI                 Scanfinest*
                                                     Comcast              Shell
“Dean always cuts to the core of what needs          General Electric     Smirnoff
to be done and said. He helps bring clarity and      Kraft                Staples
provides value by being an outsider with no
agenda, so he can help you stand back and see        Fila                 Sunglass Hut
things from different perspectives.                  Frito-Lay            Target
Dean helped us think through solutions and           Littlewood’s*        Tower of London*
then form the best way to present those              McDonald’s           Warburg Pincus
solutions in a persuasive and compelling way.”
                                                     M50                  WGM
*References upon request
                                                                          * Overseas Project
                                        Dean Crutchfield Associates
                                                                          	
  
LET’S
GROW
  Dean Crutchfield Associates
Contact: Dean@deancrutchfield.com +1 917 239 3303
333 East 34th Street, Ste 15A/B, New York, NY 10016
                 Dean Crutchfield Associates
Dean Crutchfield Associates
                                       Growth Advisors




         Dean Crutchfield Associates

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DCA Innovation

  • 1. Innova&on:  Racked,  Packed  &  Stacked   Six  Steps  To  Successful  Innova&on   Dean  Crutchfield  Associates  
  • 2. Surviving the Flood Markets are drowning as a result of commoditization, reliance on cost containment, glib value propositions, and price competition. How can businesses differentiate themselves while creating valuable products, services, and experiences for their customers? Planning for growth and innovation requires a robust and ambitious business model. Dean Crutchfield Associates
  • 3. If people aren’t telling you that your idea is crazy, then it is likely not a very big idea.” Francis Ford Coppolla This six-step process aims to help businesses differentiate in crowded markets and position them for successful implementation of innovation. Dean  Crutchfield  Associates    
  • 4. Plan Ahead A pugnacious CEO once told me that there are three ways to lose money: gambling, divorce, and innovation. With annual US research and development spending amongst Booz & Co’s Global Innovation 1000 at over $500 billion, companies are paying heavily for the ambition to create. But how do you plan for new growth and innovate in those markets where too many businesses are armed against commoditization with glib value propositions and over-reliance on cost containment, promotions, product extensions, and price competition? Dean  Crutchfield  Associates    
  • 5. Plan Ahead According to a global study by IBM, today’s CIO spends an average of 55% of his or her time on activities that spur innovation, and the key component underpinning all successful innovations is the business model. For a business model to be of value, it must have three core elements: a unique central idea that defines who you are, a grasp of future market trends, and profitability from either lower cost base or an offering that cannot be easily copied. Dean  Crutchfield  Associates    
  • 6. Plan Ahead Implementing a differentiated business model can successfully unite silos across the enterprise, turn around opportunities faster, get customers to stay longer and pay a premium, resolve internal crises quicker, and better leverage the allocation of resources. Nice to have, but where do you start? The solution is a combination of insights from Booz & Company, Michael Porter, and Philip Kotler that blend into a six-step process that can guide organizations to conquer the challenge of building a business model geared for innovation and business transformation.
  • 7. 1. Know Thyself The first step of this process is a brutal assessment of what business you are in, how the business is differentiated, and if and why it is trapped in price competition hell. It is then a question of knowing the appropriate innovation strategy for an ambitious, audacious, and imaginative response. Identifying which approach is relevant for the business model has huge implications for the outcome of the innovation process and the allocation of resources. Dean  Crutchfield  Associates    
  • 8. 1. Know Thyself Booz & Co. have identified 3 types of businesses strategically placed for innovation: Need Seekers – research customers to explore new products and services based on insights Market Readers – focus on value through incremental change with proven market trends Technology Drivers – constantly rolling out new releases, seeking to solve the unarticulated needs of customers via new technology. Dean  Crutchfield  Associates    
  • 9. 2. Know Thyself Consequently, it is essential to become the ruthless enemy of ambiguity and ask entirely different sets of questions about the business framework for analysis can be found in Michael Porter’s five forces: the degree of rivalry in the category, threat of new entrants, the chance of substitution, buyer power, and supplier power. In basic terms, the framework requires that an organization evaluate their strategic position relative to the forces. By understanding influences such as competitive threat and supplier bargaining power, a business can generate an edge in the category. Behemoths like McDonald’s, PepsiCo, and Amazon are thriving global businesses because they fully understand the dynamics of Porter’s five forces and have successfully adapted their business models to influence the category in their favor. Dean  Crutchfield  Associates    
  • 10. 3. Aim Past The Target The third step of creating is to redefine the business and ascertain whether the aims are to attract more users and/or innovate new uses for the product, service, or experience. Critical for a successful business model is Philip Kotler’s 6 Ps: People – who is your target customer and why are they buying your product? Product – what is it/could it be and why is it unique in the category? Price – what must be set to cover fixed and variable costs with a just profit? Place – where have you chosen to do (e)business and why? Promotion – how do customers buy the products and how should you sell? Performance – what are the key metrics that success will be judged?
  • 11. 3. Aim Past The Target Companies like Penske have built efficient, hyper-competitive businesses by consistently honing their business model to the ever- changing dynamics of the market place using the 6 Ps. Roger Penske, Founder and Chairman of Penske Corporation starts with People: “Want more customer focus or more sales? Ask every manager at every level to call “Want more customer focus or on at least ten customers per week. more sales?” Roger Penske   It is also a great way to stay atop of trends. Twenty percent of my time is spent actively calling customers.” Dean  Crutchfield  Associates    
  • 12. 3. Aim Past The Target A robust plan must also layer in government regulations and laws currently in the market space – an essential component often overlooked. When evaluating countries for investment or opportunities, look first at a country’s geopolitical stability and its laws protecting property rights: these issues tend to provide a better long-term view on market risk and opportunity than economic indices,” says Dr. Alan Greenspan, former Chairman of the U.S. Federal Reserve. Dean  Crutchfield  Associates    
  • 13. 4. Lead Follow Or Get The Hell Out Of Way The fourth step requires formulating a strong leadership team with a shared vision that will be at the center, balancing contention with compromise while simultaneously maintaining focus on the brand and business goals. Contrary to popular belief, business innovation is not about isolation and competition; it is more often about cooperation and collaboration inside the business. This is best achieved by treating the leadership team as venture capitalists that have a stake in the program’s success. Dean  Crutchfield  Associates    
  • 14. 4. Lead Follow Or Get The Hell Out Of Way Success, however, should never be just about reaching targets: without non-financial goals, the ship is rudderless. Therefore the leadership team needs to define the overarching ambition for the business that can help steer the future and act as a compressed management tool when making decisions. Richard Branson of Virgin Group, confirms that ambitions must come before financial goals: “I can honestly say that I have never gone into any business purely to make money. If that is the sole motive, then I believe you are better off doing nothing.”
  • 15. 5. Big Results Require Big Ambitions Crucial to success is framing the financial and strategic objectives of the business that separates immediate appetite from real business requirements. Jim Collins, author of Good to Great and Built to Last, asserts that “a conservative, disciplined approach to growth is a critical factor in sustaining a great business model. Though it may seem counterintuitive, great companies willingly leave short- term growth on the table if it means abandoning proven methods of long-term growth.” Dean  Crutchfield  Associates    
  • 16. 5. Big Results Require Big Ambitions According to McKinsey, 84% of executives believe innovation is extremely important for their company’s growth strategy. However, the successful implementation of innovative products, services, and experiences is a road paved with strain and failure. While building the business, do not let short-term growth override the long-term vision that provides a strong, steadfast strategy to move forward. Dean  Crutchfield  Associates    
  • 17. 6. Don’t Say, Do The secret of business innovation is to “think big, act small, fail fast and learn rapidly.” It is key not to let pre- determined goals undermine future success. As Paul Graham, entrepreneur and Founder of Y Combinator said, you need to “get up and running (bugs and all), gather feedback, tweak and grow.” Therefore, to avoid flailing around like a loose fitting part in a machine, you need to find the magnetic core inside the business that will draw together the company. Dean  Crutchfield  Associates    
  • 18. 6. Don’t Say, Do “A common vocabulary is not a common culture” former IBM CEO Lou Gerstner said of business transformation. “It requires focus, leadership, and commitment” to create an authentic community of motivated thinkers and doers that can open new channels for the business and industry. Google encourages its engineers giving them one day a week to work on a side project. The policy has yielded more than half of the company’s new offerings in a typical year! So, whether it is busting a new category or pushing the boundaries of the establishment, people are organized and compelled by ideas that have a clear strategy, form, and expression. Dean  Crutchfield  Associates    
  • 19. On The Front Foot With the 21st Century on fast forward, never has there been a more important time to innovate in the face of new faster global competition. Entire new industries and many existing ones have transformed to become creators of valuable ideas and experiences. Increasingly, civilization is organizing itself to maximize the generation of new and better ideas, creating the infrastructure, education systems, and innovative organizations that will solve problems, create value, and change the world. So let us say yes to delighting customers and celebrate imagination and indefensible creativity to advance humanity into a brighter future. Dean  Crutchfield  Associates    
  • 20. DCA Help Clients Sell More Services Selling Presentation Skills Ambition Planning Pitch Forum Seize More Opportunity Brand Strategy Team Building Personal Branding Brand Building Business Activation Win More Business Sharpen Offers New Business 101 Pitch Boot Camp Growing Clients Pitch Doctoring Dean Crutchfield Associates
  • 21. Our Mission Achieving growth For ambitious leaders who are driven to grow fast Creating new business Orchestrating and activating accelerated outreach programs Building efficiencies Rapidly sourcing the best talent for the business   Improving margins Rallying teams behind the brand and go-to-market strategy Boosting win rates Delivering your best case and winning face forward     Dean Crutchfield Associates
  • 22. Working with DCA Catalyzing top line growth for clients is what we thrive on: delivering your best case and winning face, encourage your people to move the needle north and sharpen the product offering. DCA (Dean Crutchfield Associates) achieve growth for clients by tailoring brand-led techniques that are uniquely participant centered. We guarantee results. Whether it’s a better pitch, winning new mandates, a better team or more fees, you will find our fee in your business within weeks. DCA programs have been thoroughly tested and proven with start-ups and the world’s greatest brands, uniquely adding immediate value. When you hire DCA, you get results. If you have the right people attend the sessions and complete all of your committed decisions and pilot initiatives and are still not satisfied or seeing results by the agreed time frame, we will coach and advise you free until you do! Dean Crutchfield Associates
  • 23. Global Client Experience Aviva* McKinsey BP Metsä Serla* BT* Nomura* BSkyB* PepsiCo Camper & Nicholson PG&E Carter’s Pitney Bowes Cellcom* RBS* CITI Scanfinest* Comcast Shell “Dean always cuts to the core of what needs General Electric Smirnoff to be done and said. He helps bring clarity and Kraft Staples provides value by being an outsider with no agenda, so he can help you stand back and see Fila Sunglass Hut things from different perspectives. Frito-Lay Target Dean helped us think through solutions and Littlewood’s* Tower of London* then form the best way to present those McDonald’s Warburg Pincus solutions in a persuasive and compelling way.” M50 WGM *References upon request * Overseas Project Dean Crutchfield Associates  
  • 24. LET’S GROW Dean Crutchfield Associates
  • 25. Contact: Dean@deancrutchfield.com +1 917 239 3303 333 East 34th Street, Ste 15A/B, New York, NY 10016 Dean Crutchfield Associates
  • 26. Dean Crutchfield Associates Growth Advisors Dean Crutchfield Associates