Case Study: Hewlett-Packard Turbo-Charging New Business Creation
The Challenge
A leader in innovation, HP recognized the need to develop radically new ideas and manage the tremendous uncertainty surrounding moving into new businesses.
“Our biggest challenge,” said the HP business process owner “was to get teams to see the upside potential in a constructive way so they could focus their efforts on a big win, rather than on easy-to-meet incremental goals.”
The Solution
Starting with a series of Project Evaluation Workshops, SmartOrg consultants led project teams through a structured evaluation of several key projects. Using SmartOrg’s value-based management process and Portfolio Navigator® software, they rapidly winnowed down the set of plans.
The results: HP rapidly evaluated more than 30 new businesses, launched 15 new businesses (70% involved disruptive innovation), and accelerated new business creation pipeline.
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“We’ve given our teams a practical compass for navigating unfolding uncertainty and alternatives, exploring new territory and driving growth.”—HP Business Process Owner
