How we… Transformed Innovation for Sustainable Market Leadership
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Size of company:
Large (>$1B)
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Industry:
Technology Services
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Type of service:
Innovation
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Engagement model:
Full time
The Challenge
A large, public multinational with a history of exceptional growth was facing challenges in launching new services and products, an area they had previously excelled in. Their best leaders were primarily focused on managing large teams and P&Ls, while the pressure of quarterly earnings pushed them towards short-term victories.
The Result
A leader from Horizon Now devised and implemented an innovative strategy to address this challenge. We built an entirely new division within the company, creating processes and playbooks to crowdsource ideas from thousands of client-facing employees. Each idea was rigorously evaluated, and the most promising ones were selected. These ideas were then given the necessary time, attention, and resources to incubate them into the company's next-generation growth offerings.
The Solution
This transformative approach to innovation revitalized the company's product development pipeline and fostered a culture of creativity and forward-thinking within the organization. By harnessing the potential of its employees and focusing on long-term growth, the company was able to regain its competitive edge and sustain its market leadership.