Stage 5 deliver
intro
Gathering the learning and outcomes obtained from each different stage of the process, you must now turn theory into practice – building a path for your organisation to follow, moving forward towards your overarching vision.
5.1 Implementation Roadmap
In order to ensure you remain focussed on achieving your circular vision, it’s important to set out a clear path for your organisation to follow during the transition. This should consist of bold strategic steps, agreed implementation milestones and defined roles & responsibilities.
Roadmap
The roadmap provides a simple layout to set goals and milestones over a specific time period. Using this tool allows for a more granular view of the 5 bold steps. These can be broken down into sub-goals (i.e, smaller steps) to allow for better focus, monitoring and management.
Step 1
Map out clear targets to reach within your chosen timeframe
Step 2
Set a date for which to have reached this target
Step 3
Identify the correct team members to be responsible for seeing that this target is reached (remember to refer back to ‘Get To Know Your Team’ if needed. See stage 1.2.1 )
Step 4
Map these out in order on your roadmap and display in a visible place at all times to see that it remains a key focus for your team
Outcome
Clear and co-ordinated targets & deadlines, allocated to the right team members, to see that you stay focused on reaching the end goal, whether that be the first of your 5 Bold Steps or your overall Vision.
5.2 Business Case
Having followed each step of the innovation journey – gathering learning, insight, and outputs – you should have a wealth of collateral to build a strong business case. But there are also a number of external factors to take into consideration. Potential benefit; the size of the market; and any major costs (both monetary and in other time/resource) that the business will incur as a result are the most fundamental.
Cost-Benefit Analysis
As simple as your average ‘Pro’s Vs Con’s’ – you need to weigh out the Cost Vs Benefit and consider how to present or address this to develop a strong business case.
Step 1
Note down each of the proposed changes/activities that need to take place for the transformation to happen
Step 2
Respectively note down what benefits each of these changes will bring (consider internal benefits and also economic; environmental etc)
Step 3
How impactful are these benefits?
Step 3
How impactful are these benefits?
Step 4
Respectively note down what costs your organization will incur as a result of each of these changes
Step 5
How impactful are these costs?
Step 6
Record the Cost / Benefit ratio for each of the changes
Outcome
A focussed Costs Vs. Benefits to provide clarity of whether any further consideration or adaptation needs to be made before you present your business case.
5.3 Sponsorship
You’ve made the journey from A to V – (A)n idea to a (V)alidated business model but of course, the key success factor to drive forward this new vision and developed business model, is having champion and sponsorship at the core of the organisation. It’s now time to present your business case to the key players.
