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Why You Should Incorporate a Co-Creation Process in Your Product Innovation Strategy

Mélanie Beauregard • October 26, 2022

A one-size-fits-all approach to innovation is not going to work when you are dealing with the myriad of different customer segments, competitive landscapes and market forces that exist in today’s business climate.

Incorporating co-creation into your product innovation strategy will help you get more ideas, less waste and more revenue than ever before. Here’s why you should incorporate this process into your overall Innovation Ecosystem —and how you can do it right.


What is co-creation and how does it pertain to product innovation? 

Historically, companies have kept their new product ideas and their development a secret. In our modern world, it's increasingly recognized that the old approach of developing new products sequentially just won't do.


Our current world is a fast-paced, fiercely competitive world of product development where consumers are literally bombarded with new products every single day. According to Harvard Business School professor Clayton Christensen, each year more than 30,000 new consumer products are launched!


It goes without saying that many of these new products will fail.


Co-creation opens the conversation with your suppliers and potential customers early in the design process so you can make adjustments that result in products people actually want to buy. 


A co-creation process also allows you to build brand loyalty by showing your customers that they are valued and play an integral role in creating successful products. 


Co-creation is not just about getting input from consumers; it's about working together to problem-solve. If you're looking for new ways to innovate, co-creation could be the solution.


Give your customers what they want

In order to be unique and successful, your new product needs to find a sweet spot in the market. The CPG world is often saturated with different solutions, and if you look at your Nielsen report, you'll probably remark that all the top SKUs in your categories fulfill the same needs.


The best way to differentiate yourself is to talk to people outside your company. With co-creation, you're inviting outside ideas, suggestions, and criticisms that you may not have considered in your traditional innovation process.


These new voices can bring different perspectives on the problem and on the solution you’ll develop. Important among these is the voice of your customer - who really does matter most in the end.


However, another voice can bring you a lot of interesting feedback: that of your suppliers. 


If you find a need to fulfill that happens to be outside of your area of expertise, your suppliers probably have solid complementary knowledge about consumer needs and some of them may even be investing in market research and product development to bring in new products. 


It might be worth it to listen to their ideas and see if there is synergy to develop between your organizations. 


5 benefits of using co-creation to drive your innovation strategy: 

Co-creation provides you with the opportunity to design a product that meets your specific needs and those of your target customer. Not only will this help create an innovative product, but it can help you better understand the customer and their needs.


Here are five key benefits of using co-creation to drive your innovation strategy:


#1 - Increase your capacity for innovation

Many companies have more ideas than resources for new products and innovation. At the same time, there is increasing pressure to launch more products. 


Co-creating with your customers and suppliers can help improve your capacity not only from a timeframe perspective, but by increasing your knowledge of the market you're playing in. This can save you from a lot of trial and error.


#2 - Increase your knowledge of the market you're playing in

Your suppliers can bring fresh new knowledge to the table. They may already even be working on a similar product, which could save you time to develop options for a similar solution.


For example, if you're a food manufacturer, maybe you have identified a need for a specific texture, flavour or smell. Your suppliers might have developed the perfect ingredients, or have the knowledge to adapt one of their ingredients to meet that need. This means that instead of having your team spend precious time and resources looking for that solution, you partner with someone who already has it.


#3 - Co-creation allows you to push your boundaries

As you use co-creation to develop your Innovation Ecosystem, you'll find that the partnerships can quickly bear fruits. Not only can you develop complementary product ideas by leveraging consumer insights and your supplier's expertise, you can also even develop new business model ideas. 


With co-creation, the sky's truly the limit!


#4 - Reduce the risk of product failures

Introducing co-creation in your Innovation approach can help you reduce the risk of product commercialisation or industrialisation in several ways:


  • Support faster adoption of your products by having a strong message that truly caters to consumer needs
  • Use an approach that's already tested and approved by the consumers
  • Leverage consumer and supplier data to increase repeat purchases.


#5 - Put in place a customer-centric approach

Nowadays, consumers need to be at the center of the product or the solution that you developed. Remember, they are bombarded by dozens of new products on a daily basis. Building a stronger relationship with your existing customers means they'll feel listened to, and that you truly get them and their needs. That’s a great way to build loyalty to your brands! 


Five steps to a smooth transition

Developing a solid process to integrate co-creation into your Innovation Ecosystem can give you a competitive advantage in the end. 


Here are 5 key steps to make it happen.


1. Have a clear scope of your project: The best way to start integrating co-creation in your innovation process is to have a clear scope of the products, market, users, budget and timelines. If everybody is aligned on those, it'll make the entire process much smoother.


2. What phase do you want to improve: Are you at the beginning with ideation? Do you want to go into solution development? Testing? Industrialisation? Commercialisation?


3. Determine who can help you: Who are you open to co-create with? Your customers? Your suppliers? Product users? Academics?


4. Where do you want to establish your process: Will it be a special meeting? Do you want to meet with your suppliers at a tradeshow? During a roadshow?


5. Determine a clear process: It's very likely the process will go on over multiple sessions so fragmenting it and determining who attends which part will be key. Also, do you require prototyping or specific tools? If so, you might want to include them in the plan from the get-go. In other words, don't wait until you need them! 

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How we can help

Innovation MB is an Innovation Management Agency with a passionate team of professionals who will help accelerate your innovation journey to hit the market faster successfully. 

 

We’ve implemented co-creation processes in a few companies who have seen tremendous growth and success with their efforts. 

 

Book a discovery call with one of your experts to find out how to take your Innovation Journey to the next level and include co-creation in your Innovation Ecosystem! 


Product innovation Bog

Réduisez le temps de vos réunions de 50 % et obtenir des résultats clairs et concrets

By Melanie Beauregard • November 2, 2024
Réduisez le temps de vos réunions de 50 % et obtenir des résultats clairs et concrets Vos réunions vous volent-elles votre productivité ? Le saviez-vous ? 47 % des employés disent que trop de réunions les empêchent d’être vraiment productifs. Et selon une étude de la Harvard Business Review, 71 % des gestionnaires** estiment que leurs réunions ne servent pas à grand-chose. C’est énorme, non ? Ça nous fait poser la vraie question : vos réunions, est-ce qu’elles font vraiment avancer les choses ou bien elles ralentissent toute l’équipe ? Souvent, le problème n’est pas la réunion en elle-même, mais plutôt le manque de structure. Imaginez des réunions plus courtes, plus efficaces, où chaque minute a une raison d’être. C’est exactement ce qu’un ordre du jour clair peut vous apporter. Un bon plan de réunion peut transformer vos discussions pour qu’elles aboutissent sur des actions concrètes. Dans ce guide, on vous montre pourquoi un bon ordre du jour, c’est l’arme secrète pour des réunions qui carburent ! On partage aussi une méthode qui va rendre vos réunions deux fois plus efficaces, en moitié moins de temps. C’est parti ! Pourquoi un ordre du jour clair est votre arme secrète pour booster la productivité 1. Augmente l’efficacité de 40 % Les réunions avec un ordre du jour bien structuré sont 40 % plus efficaces que celles qui en n’ont pas. Avoir un plan en main, c’est comme avoir un GPS pour vos réunions : ça garde l’équipe concentrée et ça évite de s’éparpiller dans toutes les directions. Quand tout le monde connaît les sujets d’avance, pas besoin de refaire le chemin ou de perdre du temps à tout réexpliquer. 2. Fournit des objectifs clairs et garde l’équipe concentrée Sans un objectif précis, 63 % des employés avouent qu’ils ne savent même pas pourquoi ils sont en réunion. Un ordre du jour, ça règle ça en expliquant clairement le pourquoi de la réunion. Quand on connaît les objectifs, on reste focus et les discussions ont beaucoup plus de chances de mener à des résultats concrets. 3. Diminue de moitié le temps pour prendre des décisions Les réunions sans structure, ça finit souvent avec des décisions prises à la va-vite, sans vraiment réfléchir. Des études montrent que les équipes prennent leurs décisions deux fois plus vite quand elles suivent un ordre du jour clair qui priorise les sujets importants. Avec un ordre de sujets bien organisé, vos équipes sont prêtes à trancher sur des décisions complexes, en confiance. 4. Augmente la responsabilisation : 60 % de tâches en plus réalisées Un bon ordre du jour qui donne des sujets et des temps de parole à chaque personne, ça crée de la responsabilisation. Et quand on sait que notre opinion est attendue, on se prépare mieux ! Une étude d’Asana montre que les équipes réalisent 60 % de tâches en plus quand les responsabilités sont claires. Pas pire, non ? 5. Économise du temps – Réduit la durée des réunions de 30 % D’après une enquête de Doodle, un ordre du jour bien structuré peut réduire le temps des réunions jusqu’à 30 %. Quand on sait ce qu’on a à couvrir, pas de sujet hors-sujet ! Avec un bon plan, on boucle les réunions plus vite, et tout le monde peut retourner à son travail plus rapidement. 6. Augmente l’engagement de 20 % Quand les membres de l’équipe reçoivent l’ordre du jour à l’avance, ils sont 20 % plus engagés, selon Gallup. Connaître les points de discussion d’avance permet à chacun de se préparer et de venir avec des idées et des questions. Résultat ? Un environnement plus collaboratif et stimulant. Le plan de match parfait pour un ordre du jour : Guide pour les directeurs marketing Voici un modèle pour des réunions productives et qui mènent à l’action. Inspiré par le modèle de Gino Wickman dans *Traction*, cet ordre du jour est pensé pour garder les équipes marketing alignées, responsables, et concentrées sur les résultats. 1. Ouvrez avec un Segue (5 minutes) Commencez la réunion sur une note positive en demandant à chaque membre de partager une petite victoire récente – perso ou pro. Ce genre de rituel, ça augmente le moral et **ça booste la cohésion de l’équipe de 15 %**. Et si on relie ça aux efforts marketing, ça aide tout le monde à garder le focus sur les objectifs communs. 2. Revue du Scorecard (5 minutes) Passez en revue les indicateurs clés comme la génération de leads, le trafic web, ou le retour sur les dépenses publicitaires (ROAS). Les équipes qui font un suivi régulier de leurs données performent **30 % mieux dans l’atteinte de leurs KPI**. La revue du scorecard, ça donne un bon aperçu, et ça met l’accent sur les chiffres. 3. Suivi des OKR (5-10 minutes) Prenez quelques minutes pour revoir les objectifs trimestriels ou les OKR de l’équipe. Ça garde le focus sur les gros objectifs – comme un lancement de produit ou un projet de rebranding. Des recherches montrent que **fixer des OKR peut améliorer les performances de l’équipe de 25 %**. Pas de temps perdu ici, on garde le cap ! 4. Les nouvelles de l’équipe (5 minutes) Prenez un moment pour reconnaître les efforts, accueillir les nouveaux, ou gérer les inquiétudes sur la charge de travail. Un petit boost de reconnaissance, **ça peut améliorer le moral jusqu’à 50 %** selon Gallup. Ces petits moments de reconnaissance, ça contribue aussi à une culture d’équipe plus positive et plus transparente. 5. Revue de la To-Do List (5 minutes) Suivre les actions de la réunion précédente, c’est crucial. Selon une étude de la Harvard Business School, **les équipes sont 33 % plus susceptibles de terminer les tâches** quand elles en font le suivi régulièrement. Cette étape, ça maintient tout le monde responsable et assure la progression. 6. IDS (Identifier, Discuter, Résoudre) – Liste des problèmes (60 minutes) C’est le cœur de la réunion ! C’est là qu’on s’attaque aux problèmes les plus pressants. Le processus IDS, ça permet de clarifier les problèmes, de les discuter et de trouver des solutions concrètes. En gardant les discussions centrées sur les solutions, on augmente l’efficacité de résolution des problèmes de **45 %**. 7. Conclusion et prochaines étapes (5 minutes) Terminez en récapitulant les actions à réaliser et en fixant des dates limites. Les réunions qui se terminent avec des actions spécifiques voient **60 % de tâches de plus accomplies**. Confirmez aussi la date et le sujet de la prochaine réunion pour garder une certaine régularité. --- Quelques conseils pour mettre en place cet ordre du jour 1. Envoyez l’ordre du jour à l’avance : Partagez-le au moins 24 heures avant la réunion. Ça augmente l’engagement et permet à tout le monde de bien se préparer. 2. Respectez les temps impartis: Assignez un gardien du temps pour garder le rythme. Ça montre que vous respectez le temps de chacun. 3. Encouragez la responsabilisation: Attribuez des rôles pour chaque point de l’ordre du jour, et faites le suivi à la prochaine réunion. 4. Favorisez l’engagement: Posez des questions, invitez les gens à participer, et assurez-vous que c’est interactif. 5. Ajustez l’ordre du jour selon les besoins: Après quelques réunions, révisez ce qui fonctionne bien et ajustez en conséquence. Redéfinissez vos réunions avec un ordre du jour clair Imaginez des réunions qui boostent votre équipe au lieu de les drainer, où chacun sait exactement son rôle et les objectifs. Un ordre du jour structuré ne rend pas juste les réunions plus productives, ça redéfinit la culture des réunions, en établissant une norme de clarté, de focus et de responsabilisation. **Des études montrent que les ordres du jour clairs peuvent réduire la durée des réunions de 30 %, doubler l’efficacité des décisions et augmenter l’engagement de 20 %**. Prêt à donner un nouveau souffle à vos réunions ? Mettez en place un ordre du jour clair et voyez la différence dans la productivité de votre équipe. C’est le moment de dire adieu aux réunions improductives et de dire bonjour à des rencontres percutantes et orientées vers l’action ! --- Besoin d'un coup de main pour optimiser vos réunions ? Contactez-nous ! Vous voulez transformer vos réunions, gagner du temps et booster la productivité ? Contactez-nous aujourd'hui! Ensemble, on va mettre en place une stratégie de réunions qui maximise votre temps et vous aide à atteindre de vrais résultats.  Melanie@InnovationMB.ca  pour bâtir une culture de réunions efficaces et motivantes, qui permettent à votre équipe de performer à son plein potentiel !

How to Reduce Meeting Time by 50% and Achieve Clear, Actionable Outcomes

By Melanie Beauregard • November 2, 2024
Are Your Meetings Draining Productivity?  Did you know that 47% of employees say that too many meetings are the biggest productivity killer? According to a Harvard Business Review survey, 71% of senior managers feel their meetings are a waste of time . This statistic raises a big question: are your meetings truly serving their purpose, or are they derailing your team’s focus? Often, the problem isn't the meeting itself but the lack of structure . Imagine having shorter, more effective meetings where every minute has a purpose. That’s what a clear agenda can do. A well-structured meeting agenda ensures your meetings aren’t just productive but impactful, turning every discussion into actionable results. In this guide, we’ll dive into the power of a clear agenda and reveal a proven framework to make your meetings twice as impactful in half the time. Let’s get started! Why a Clear Meeting Agenda is Your Secret Productivity Weapon 1. Increases Efficiency by 40% Meetings with structured agendas are proven to be 40% more efficient than those without. An agenda provides a roadmap, helping team members stay focused on relevant topics and avoid the all-too-common rabbit trails. When everyone knows the topics in advance, there’s less need to backtrack or rehash information. 2. Provides Clear Objectives and Boosts Team Focus Without a clear purpose, 63% of employees admit to being unsure why they’re even in a meeting. An agenda solves this by outlining specific objectives, ensuring that every participant understands the “why” behind the gathering. Knowing the objectives sharpens focus, making it more likely that discussions will lead to meaningful, goal-aligned outcomes. 3. Cuts Decision-Making Time in Half Unstructured meetings often mean rushed, last-minute decisions. Studies show that teams make decisions twice as fast when using an agenda that prioritizes key topics. By creating a clear order for topics, you enable participants to tackle complex decisions confidently and with sufficient context. 4. Improves Accountability: 60% More Task Completion Agendas that assign discussion points and time slots to specific individuals create accountability, a powerful motivator. A study by Asana found that teams complete 60% more tasks when responsibilities are clearly defined. Assigning roles for each agenda item also keeps participants engaged, knowing their input is expected. 5. Saves Time – Reduces Meeting Length by 30% A recent survey by Doodle shows that structured agendas can reduce meeting times by up to 30%. Agendas eliminate unnecessary topics, helping teams cover what’s needed without overshooting the schedule. With a clear roadmap, you avoid tangents and wrap up faster, giving everyone more time to focus on actual work. 6. Boosts Engagement by 20% When team members receive the agenda beforehand, they’re 20% more likely to engage actively, as reported by Gallup. Knowing the discussion points ahead of time allows participants to prepare, bringing their insights and questions. This preparation results in a more dynamic, collaborative environment. The Ultimate Meeting Agenda Framework for Marketing Directors Let’s dive into a framework that guarantees productive, action-oriented meetings. Using a model like the one in Gino Wickman’s Traction, this agenda is designed to keep marketing teams aligned, accountable, and focused on results. 1. Start with a Segue (5 Minutes) Kick off the meeting with a positive tone by having each member share a recent win—whether personal or professional. This practice has been shown to boost morale and increase team cohesion by 15%. Tying wins back to marketing efforts helps align everyone around shared goals. 2. Scorecard Review (5 Minutes) Review key metrics that reflect the health of ongoing campaigns, like lead generation, website traffic, or return on ad spend (ROAS). Studies suggest that teams who regularly review performance data see a 30% improvement in achieving their KPIs. The scorecard offers a quick overview, setting a data-driven tone. 3. Rock/OKR Check-In (5-10 Minutes) Spend a few minutes reviewing the team’s top quarterly priorities or Objectives and Key Results (OKRs). This ensures focus remains on the big goals—like product launches or rebranding projects. Research shows that setting OKRs can increase a team’s performance by up to 25%. 4. Employee Headlines (5 Minutes) Take time to recognize contributions, celebrate new hires, or address capacity concerns. Recognition can boost employee morale by up to 50%, according to a study by Gallup. This brief update also fosters transparency and reinforces a positive team culture. 5. Review To-Do List (5 Minutes) Following up on previous action items is crucial. A Harvard Business School study found that teams are 33% more likely to complete tasks when they review them regularly. This step keeps everyone accountable and ensures progress on key marketing initiatives. 6. IDS (Identify, Discuss, Solve) – Issues List (60 Minutes) Now, it’s time to tackle the most pressing issues. The IDS process is a powerful way to identify problems, discuss them, and create actionable solutions. This approach can increase problem-solving efficiency by 45% by keeping discussions focused on solutions rather than just venting frustrations. 7. Conclude and Confirm Next Steps (5 Minutes) End the meeting by summarizing action items and setting deadlines. Studies show that meeting closure with specific action points can boost task completion by 60%. Also, confirm the date and focus for the next meeting to establish consistency. Practical Tips for Implementing This Agenda Distribute the Agenda in Advance: Share it at least 24 hours before the meeting. This boosts engagement and ensures everyone has time to prepare relevant updates or insights. Stick to Time Limits: Assign a timekeeper to maintain pace. Enforcing time limits respects everyone’s schedule and reinforces discipline. Encourage Accountability: Designate leads for each agenda item and follow up on action items in subsequent meetings to reinforce responsibility. Prioritize Engagement: Use questions and invite input to maintain a collaborative atmosphere. Meetings should be interactive, not monologues. Regularly Optimize the Agenda: After a few meetings, review what’s working and adjust the agenda as needed. Flexibility ensures the structure remains effective as team needs evolve. Conclusion: Reinvent Your Meetings with a Clear Agenda Imagine a workday where meetings energize your team rather than drain them, where every participant knows their role and the goals for each discussion. A structured agenda doesn’t just help keep meetings productive—it redefines the meeting culture, setting a precedent for clarity, focus, and accountability. Research shows that clear agendas can reduce meeting length by 30%, double decision-making efficiency, and increase engagement by 20%. Are you ready to make your meetings matter? Implementing a clear agenda framework can transform your team’s productivity, giving you back valuable time and driving better results. It’s time to say goodbye to unproductive meetings and hello to impactful, results-driven sessions that get things done. FAQs 1 . How do I start using a structured agenda if my team is resistant? Start small by introducing the agenda for one or two key meetings and highlighting the time and productivity benefits. Share the positive impact on team morale and efficiency. 2 . Can a clear agenda improve my team’s focus? Yes, agendas set clear objectives, reducing distractions. They keep discussions on track and make it easier for participants to stay focused on the goals. 3. How do I choose which items go on the meeting agenda? Include only high-priority topics that align with the meeting’s main goal. Save smaller items for one-on-one or smaller group discussions. 4. Is there a recommended length for meetings? The ideal length varies, but structured agendas can often cut meeting time by up to 30%. Aim for 45-60 minutes for in-depth team meetings. 5. What tools can I use to make agenda creation easier? Tools like Asana, Notion, or Google Calendar allow you to create, share, and organize agendas. Many of these tools offer customizable templates to get you started.
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