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What role should quick wins play in your innovation or R&D portfolio?
That’s the question we set out to answer with a survey and a set of qualitative interviews of innovation and R&D leaders in industries ranging from aerospace to utilities to financial services to consumer products. We defined “quick” as something that delivers a tangible outcome within a year — whether that was introducing a new tool, streamlining a process, finding clever ways to cut costs, launching a new offering, or building a new capability.
The quick answer: nearly all of the 132 survey respondents say that their portfolio involves delivering near-term results, and several respondents said they defined “quick” as an even shorter time period than we did — like, three or four months.
This 42-page report dives into those questions and others. It includes interviews with Duke Energy, BNP Paribas, Rockwell Automation, Premera Blue Cross, Clorox, Mitsubishi, and ten other large organizations. With each, we dive into a concrete example of a quick win project, including who identified the opportunity, who was involved in the project, what the timeframe and metrics were, and how outcomes were communicated.
Inside the report, we break down this question by industry.
What Role Do Quick Wins Play? 5
Chart: What Types of Quick Wins Have You Worked On? 9
Charts: Time/Energy/Focus Devoted to Quick Wins 10
21 Ways That Survey Respondents Communicate Quick Wins 14
The Psychology of Innovation — By Ludwig Melik, Planbox 16
Case Studies & Perspectives
Adtalem Global Education — Introducing a New Innovation Management Process 20
AGCO — Supporting New Ideas with Seed Funding 22
BNP Paribas — Creating a ‘Summer Camp’ for Corporate Innovators 23
Boeing HorizonX — Connecting Startups in a Portfolio with Business Units 24
Clorox — Capturing Open Innovation Metrics 25
Duke Energy — Identifying Which Assets Need Repair 27
Helen of Troy — Filling in the Gaps 29
John I. Haas — Getting Scientists Thinking More Like Businesspeople 30
KWS — Deploying AI for Language Translation 31
Mitsubishi — Developing a New Startup Investing Strategy 33
Premera Blue Cross — Gathering Ideas from the Whole Organization 35
Rockwell Automation — Designing a Bounty Program for Innovators 36
Texas Windstorm Insurance Association — Leveraging Data to Avoid Lawsuits 38
Trapeze Group — Starting an Ideation Bootcamp for New Innovators 40
Carol Miller — Accelerating a Product Development Process 41
Paul Campbell — Getting a New Consumer Product to Market