In June 2019 I had the opportunity to share FORTH Innovation method in front of a group of Moldavian entrepreneurs, in Chisinau, being proudly invited by Noble Manhattan Coaching group.
What is FORTH Innovation?
It is a structured innovation framework that puts together the best of modern innovation & business design methods (Business Model Innovation, design thinking, agile approach) in order to deliver your organisation the best possible concrete results, in a very budget conscious manner.
Recent scientific research of the Open University among FORTH users proves that out of 100 ideas, 78 are taken into development and 51 are introduced, compared to 21 in an average stage-gated process. The structured methodology doubles your innovation effectiveness, as the start of innovation is so more professional. Check out a webinar on the research results.
Why do small entrepreneurs have to innovate?
Because the failure rate of new companies is increasingly higher. The world is changing in front of our eyes, at exponential rates. Entrepreneurs should sense the urgency to innovate to be one step ahead of the crowd.
And here it is where FORTH method is most useful. It delivers you exactly the results you need (3 - 5 business cases at the end of the process) that fit your framework of expectations (budget and other constraints). And the best result is that it develops a culture of innovation in your organisation, as these results are produced by your team, under the guidance of a certified FORTH facilitator.
Innovation can take many forms, from incremental to radical. It is important to sense the urgency of taking the next step in the innovation process, and to do that in a structured framework in order to obtain consistent results.