We outline what we believe businesses can achieve by embracing Agile Innovation.
Our stated goal of Agile Innovation is a 0% failure rate for any new product launched through a company.
We work through the implications for business from financial through to people
- Currently, to have one successful product a company needs to have 10,000 ideas, 100 products in development, and ten launched products, costing over £41m, of which £36.9m is wasted.
- Agile innovation can cut £25m of development costs by 90% and increase the pace of innovation, as well as a success overall.
- Agile innovation not only drives the financials but also improves the culture of the company and how the company carries itself in the marketplace.
Find out more about Chapter 6