Invincible Company of the Month: Bosch
Blog: Business Model Alchimist
You know you should start preparing your company’s future… but you just don’t know how to go about it. You think to yourself – even if I had ideas, how would I know which one to go with?
These are the questions that Bosch was grappling with when they decided to create an innovation funnel for their ideas, which would run on evidence rather than opinions.
This innovation funnel enabled Bosch to go from 214 unvalidated but interesting ideas, to 19 validated and scalable growth engines. That’s a 10 % success rate – and that’s a great number!!
Watch Dr. Uwe Kirschner – VP for Bosch Management Consulting – explain the process they went through on their way to becoming an Invincible Company!
This is an excerpt from our webinar Building An Innovation Pipeline with Bosch.