We help you evaluate the feasibility of your new product concept. Uncommon Innovation provides a proven framework and critical insights to improve the investment of your resources and accelerate your product’s success.
Great products start with a strong business case, which requires market, competitor and customer insight.
Unfortunately for today’s busy Product Managers, gathering this insight requires time they typically don’t have.
Our Opportunity Assessment is designed to fill this resource gap and assist Product Managers and Executives in determining the feasibility of new product opportunities, through a proven framework to get more from your investment and accelerate product success.
An Opportunity Assessment provides:
To deliver on this, an Opportunity Assessment combines several of our other services plus a few additional areas into a single package:
An Operations Analysis is a broad review of how you will build, deliver, support and improve upon your new product. A sound operations plan ensures connection between your promise to customers(in terms of quality, price and experience) and the product you deliver. For example: if low price is key to the product experience, the entire process of building, delivering and supporting your product must take this into account.
Operational needs are highly dependent on the type of product being considered, as software products have very different needs than food products. That said, there are common questions that need to be answered, these include:
While critical on their own, operation requirements serve as inputs in modeling the financial feasibility of the opportunity.
Like any plan or strategy, a financial model is a living document. It will combine your revenue and expense forecasts to answer key questions such as:
Risk and reward go hand-in-hand. Typically, opportunities with the potential for higher reward require businesses to take more risk. Risk in-of-itself is not a problem. However, you need to identify and acknowledge the risk and identify options to reduce or eliminate the risk. This type of review and analysis requires scenario modeling and thinking.
A Risk Analysis will review all aspects of the product opportunity to identify potential points of failure in the plan, and actions that can be taken to mitigate the risk. Identified risks and mitigations will be noted for planning purposes.
Meet with our team of product professionals to discuss how we can help turn your good ideas into great products.