It’s June, and the challenging economic conditions are making the job of innovators much harder. We are not only expected to disrupt our industry, but we’re also expected to deliver to the bottom line.
So what should we do?
Get Focused and Aligned
Make sure your project briefing is clear and to the point, with a coherent goal, metrics, constraints, and resources you have to execute. You can use our beta Project Briefing Template to get started.
Know Your Customers
Build a Customer Persona to test your assumptions by empathizing with your end users and creating customer segmentations.
Quantify Your Impact
Make sure you understand your financial model hypothesis by using proper innovation accounting practices. Whether you are a for-profit, government, or impact-focused nonprofit, you need to know how all your efforts can add up to something worthwhile.
If you’ve taken our innovation accounting program, you’ve used our Example Distributions in your modeling to visualize each distribution and choose the one that works for each variable.
What’s Next for Kromatic
We’re in “build mode” and working on some new and improved tools!
- Plinkromatic – A simple game to teach innovation management principles, updated with three new lessons.
- Ants! – Learn good strategy and disciplined resource allocation as an ant colony looking to expand in a changing environment.
- Experiment Calculator – Calculate the sample size and Margin of Error you need to get useable results on a survey or A/B test, updated with an improved UI.
Are you already using these tools? Are you looking for something you just can’t find in our Kromatic resources?
Let us know! If we don’t have it, we’ll make it.
