Product Innovation Sprint
Discover a potential new growth engine and create measurable outcomes to reduce innovation risk and uncertainty within 4 weeks
Fastest path to market evidence
The Product Innovation Sprint is the fastest path from an early stage product idea to evidence that it will work in the market. 80% of product ideas are not adding value and create are a huge waste when scaling development. The way forward is to ideate, design and test many ideas before investing and scaling up development.
The Product Innovation Sprint is a method to discover and design bold new value propositions and get tangible results and evidence that the idea will work in the market. In a 4 week Sprint teams de-risk ideas in a systematic way to tell winning ideas from losers within a product innovation portfolio.
It is a repeatable innovation process to navigate from strategic design to tangible outcomes to enable evidence based decision making. Unlike Scrum or the GV Design Sprint the Product Innovation Sprint combines customer discovery with strategic design, and rapid prototyping with systematic, lightweight testing.
When do I need a Product Innovation Sprint?
The Product Innovation Sprint is about finding evidence for a product idea before scaling development. The Product Innovation Sprint fits for you if you have an idea, a new market opportunity or new technology for an existing market to explore.
Here are some typical starting points from where we helped clients move forward:
Address a new market opportunity or customer need to expand your existing business model
Tell the potential winners from the losers of early ideas in your portfolio
Start a new venture and find problem/solution fit in a market
Find a new value proposition for a newly acquired technology
When scoping the Product Innovation Sprint with you we will find out together if you need the full Sprint, or a GV Design Sprint or complete Innovation Sprint based on the Strategyzer Method.
Tangible outcomes of a Product Innovation Sprint
The outcomes of a single Product Innovation Sprint is a validated product idea, a repeatable innovation process to iterate product ideas fast, an upskilled team and strategic stakeholder alignment. During Product Innovation Sprints teams consistently create strategically well designed, tested value propositions so that leadership can decide where to invest based on market evidence. Teams are empowered to apply the tools within the mindset required for entrepreneurship and innovation.
Teams learn
how to shape and refine a growth idea with design thinking, systematically and rigorously test ideas in the field
how to select and apply sequences of tests based on a set of 50 lean experiments, identify the most critical assumptions, gather evidence and insights
how to define actionable product metrics for early stage ideas
and leaders will learn
how to empower autonomous product teams
how to measure progress of product innovation projects
how to use evidence to make investment decisions in their innovation portfolio.
How we do it
The Product Innovation Sprint can be done by a single team or scaled up for many teams to manage a product innovation portfolio. It Sprint starts with a team lift-off workshop and tools training. Then teams will work in short iterations from a day to a week long. With a coach they will apply the tools to decide and re-align rapidly on next steps: shelve, pivot or persevere. At the end they will present evidence-backed data and measurable progress of innovation projects to leadership and stakeholders.
Schedule
4 weeks, 3 workshops, 20 hours Product Coaching
Week 1: Vision, Customer Discovery
2 day workshop, 3x 30 min. coaching hours, ad-hoc coaching
2 days: Vision Alignment, Challenge Framing, Team Lift-Off and Tools Onboarding
2 ½ days Customer Discovery, Leadership Check-in
Week 2: Value Proposition
1 day workshop, 4x 30 min. coaching hours, ad-hoc coaching
1 day Mapping Opportunities, Value Proposition Design, Metrics, Define
3 ½ days Test-Learn-Design-Iterate, Leadership Check-in
Week 3: Test-Learn-Design-Iterate
5x 30 min. coaching hours, ad-hoc coaching
4 ½ days Test-Learn-Design-Iterate, Leadership Check-in
Week 4: Test-Learn-Design-Iterate, Review
½ day workshop, ½ day working session, 3x 30 min. coaching hours, ad-hoc coaching
3 days Test-Learn-Design-Iterate
½ day Wrap-Up and Pitch Training
½ day Stakeholder Review and Decision Making
The team
The team should be small (2-4 People), cross-functional and bring sufficient domain knowledge of the innovation field and passion for the topic. We encourage self-assignment to join the Product Innovation Sprint when possible.
Most important for leadership: the team members need the time and have access to potential new customers. And the team needs to be empowered and operate in a space with high psychological safety to enable fast decision making and good collaboration.
For prototyping some technical/UX skills are good to have else #nocode development and Lean UX support can be provided additionally to Product Coaching.
Our way of working
When working with organisations who are leading in digital and agile product development we are constantly deepening our knowledge in designing agile product organisations that grow organically and adapt to fit needs. In the process of using our toolbox in coaching corporate startups and accelerators from global companies we’ve identified a set of core principles and success factors that guide us as we help innovation teams:
Organize in small, 100% dedicated, cross-functional teams using lightweight agile roles. Have a dedicated sponsor who leads in an agile way, creates high level of psychological safety and gives forthright, non-violent feedback. Nurture a culture of high autonomy, shared purpose, mastery and trust,. Establish a customer-centric flow, value create over react. Have a strong shared vision combined with rapid empirical design/test cycle for fast learning. Utilize a lightweight, emergent, adaptive agile process owned by the people who do the work, in a continuous improvement cycle, with emphasis on: focus, speed, action, visualization, time-boxing and experimenting. Be mindful of setting up a physical and digital workspace that adapts for creative work.
Inspired customers