Eventually, all companies will need to transform
Your core business maximizes efficiency, minimizes risk, and pursues incremental growth. By contrast, radical innovation and growth require an entirely different approach and operating model; One that fosters experimentation and open collaboration, induces agility, autonomy, and speed, and cultivates an exponential mindset and deep sense of purpose for the people involved.
Create new growth beyond your core business
No one can make a hard shift from one corporate operating system to another. It requires a new capability that must be built by learning to conceive, build, organize, lead and grow businesses in a different way. We call this ability to create growth in two modes a dual growth capability.
With a dual growth capability, companies effectively operate, in parallel but mutually reinforcing, two distinct ‘engines of growth’. Engine 1 is the current core business. Engine 2 is the combined efforts undertaken to innovate and carve out new paths to growth beyond the core. Companies that successfully implement a second growth engine are able to innovate in a way that repeatedly, and at scale, generates new business models, market spaces and sources of growth – and ultimately transforms, or gradually transitions, the core business.
As a trusted innovation partner, KRING Innovation helps companies design and implement beyond core innovation strategy. We create sustainable dual growth capability, orchestrate and deliver breakthrough innovation programs, and develop exponential mindset and leadership. At the heart of it all, we innovate, create, and commercialize new businesses – and ensure companies are properly primed for the future.
Ideation and hackathon
Accelerated conception and maturation of new ideas.
New venture design, commercialization, and scaling.
Serial production of new services and businesses.
Dual growth capability
Building a second (exponential) growth engine.
Partnership driven innovation
Leverage cross sector insights and collaboration.
Access to breakthrough business models and technology.