List what desires the product satisfies. Express the desires objectively if you can.
Click to see an example
List what desires the product satisfies. Express the desires objectively if you can.
Click to see an example
Choose a product you regularly use. In a single sentence describe one Scenario you use the product.
Click to see example
Resources often challenge innovators. Finding unlimited free resources solves a big challenge to innovation.
Waste is innovation waiting to happen. Best of all, waste is a free resource. If the waste is pollution it is less than free. There is a benefit from using it and people will often pay you to get rid of the waste.
There is no waste in nature. The output of one natural process is the input of another on and on until it goes full circle and is used again where it started. This is one of the core principles of the Blue Economy.
Waste is another way of saying,
I don't know how to use this.
Everything is a resource if you know what to do with it. The missing ingredient to turn a resource into a tool is information and there is infinite information. You just need to learn how to think. Predictive Innovation will help you to think better.
The better you are at seeing resources disguised as waste the more resources you have available. Trash is an obvious form of waste. Most people recognize wasted energy. What other things can be waste? I find these 6 categories useful:
What are all the ways those items can be wasted? To answer that question you need the Predictive Innovation Alternatives. There are always 36 Alternatives for anything. So there are at least 36 distinct types of waste for each of those 6 items resulting in 216 Types of Waste. Eliminating that waste or better yet, finding a valuable use for it, are innovation opportunities waiting to be utilized. This table describes each type.
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Chapter 22 |
Predictive Innovation completely changes what is possible for innovation and problem solving. The systematic approach helps you analyze anything, not just businesses. The more you practice Predictive Innovation the more uses you will find.
Hopefully the explanations and many examples in this book are enough for you to begin using Predictive Innovation on your own. Too help you gain a deeper understanding more quickly we offer training.
Being able to reliably predict customers emerging expectations and ways of satisfying those expectations opens up a wide variety of new business models and strategies.
Now that you know the basics of Predictive Innovation I recommend reading “The Mind of the Startup Strategist” by Len Kaplan, ISBN 978-0-557-04498-6. This book presents 12 strategies to maximize profits and minimize the risks facing any new product and especially a startup business. These strategies were developed using Predictive Innovation and can only be performed if you know how to use Predictive Innovation. This can be your secret advantage.
We constantly research new and better techniques and ways to apply Predictive Innovation. Sign up for a free newsletter to receive updates on the newest developments.
Chapter 21 | Glossary |