Innovation
We love the retirement industry, but we also want to see positive change. Our Innovation services operate at the intersection of our experience with the way things are and our desire for disruption of the status quo, helping organizations develop and implement strategies that identify and drive innovation in a meaningful and measurable way. We understand that well-intentioned innovation efforts often fail because they are incompatible with the core business, and have developed a range of archetypes to build innovation cultures that have staying power. By leveraging proven methodologies and our expertise, we support our clients in creating a culture of innovation.
What we do.
SERVICE OFFERINGS
Innovation Strategy
Develop and implement strategies to foster innovation, drive growth, and maintain competitive advantage.
Our Innovation Strategy service helps pension funds and institutional investors create and execute strategies that foster innovation and drive growth. Innovation, for us, is a new idea that adds value. New ideas alone can be distracting; efforts to purely add value tend towards process optimization and less towards truly new solutions. Bringing the two together allows our clients to identify unique and novel offerings that tap unmet market needs in a way that drive material value for the organization and its stakeholders.
We begin by understanding the impetus for innovation – what are we looking to accomplish, and what is driving this focus on innovation? We can then do a thorough analysis of the organization’s current innovation capabilities, market trends, and competitive landscape. We then work collaboratively with clients to identify innovation opportunities, make strategic choices, set priorities and develop a comprehensive innovation roadmap. Our approach includes establishing innovation frameworks, defining key performance indicators, and aligning resources to ensure successful implementation. By fostering a culture of innovation, we help organizations build the muscle required to identify and do the new and valuable.
Innovation Roadmap Development
Create innovation roadmaps that outline the steps needed to achieve innovation goals and deliver tangible results.
Our Innovation Roadmap Development service assists pension funds and institutional investors in creating detailed plans that guide their innovation efforts. We conduct ideation workshops, engage with front- and back-stage stakeholders, and perform technology scouting to identify potential innovation projects. Based on these insights, we develop comprehensive roadmaps that outline the necessary steps, resources, and timelines to achieve innovation goals. The resulting client innovation roadmaps provide clear direction and actionable plans, ensuring that innovation initiatives are aligned with strategy, and evaluated by metrics. This structured approach helps organizations use innovation as a tool for value creation, not culture distraction.
Track and Measure Innovation
Provide frameworks to track and measure innovation efforts, ensuring they deliver the desired impact and value.
Our Innovation Tracking service equips pension funds and institutional investors with the tools and frameworks needed to evaluate the effectiveness of their innovation initiatives. We help organizations establish innovation metrics, develop tracking systems, and conduct performance evaluations to assess the impact of their innovation efforts. By providing regular reports and insights, we enable clients to make data-driven decisions, optimize their innovation strategies, and ensure they are achieving their desired outcomes. This focus on measurement and evaluation ensures that innovation initiatives are delivering real value and contributing to the organization’s long-term success.