Achieving 10X ROI
In today's business climate, we all focus on Return on Investment (ROI). Moreover, we need to focus on real, tangible, realized returns, not just soft, warm and fuzzy returns so over-used by IT departments and software vendors. In addition we require a short Payback Period.
The need to cut costs, improve processes, and grow revenue has not changed for decades. What has changed is the time and pressure we have to deliver these changes. Many firms have a decade or more of experience in reducing cost, and as a VP Manufacturing once told us, "there is only so much blood you can squeeze out of the stone".
No matter. This year we still have to squeeze. And fortunately, with Imaginatik's collective intelligence tools you will be able to find new solutions to these challenges.
Focus Areas of Return
Imaginatik has a ten year track record of delivering significant realized Return on Investment for some of the top companies in the world. By structuring initiatives, adopting the right best practice, and efficiently engaging their people, our clients have achieved well in excess of 10 times their investment in Imaginatik's services and their internal resources.
We generate this high level of ROI by focusing on four areas of return:
- cost savings
- process improvements
- boosting revenue
- reducing the cost of innovation, customer research and problem solving by replacing expensive methods, such as using external consultants, with the brainpower of the workforce
Collective Intelligence Supported by Unique Process Expertise
The unique asset we bring is our ability to help you tap systematically into the brainpower of tens to thousands of people to solve key problems – faster, cheaper and with better results – on a repeatable basis across the organization.
This is very different from classic techniques to drive cost reductions and innovations. We can include more people in the process, we can connect teams inside the organization and outside company walls instantly, and we have a robust, enterprise-scale management process that encompasses various evaluation methods and implementation tracking capabilities.
Imaginatik achieves these results by:
1. implementing our Idea Central software in medium to large enterprise, often supporting Open Innovation programs by incorporating suppliers and customers in the process
2. applying our 10X Methodology that identifies high return areas that can rapidly yield improvements against some performance benchmark, such as cost of sales
3. enabling our clients with consulting, training programs, start-up support and ongoing project management and advice to make the most of their Imaginatik investment and their internal resources to drive returns and to measure the realized benefit.
Proven Track Record
Our track record speaks for itself. According to information available in the public domain, Imaginatik's clients claim to have delivered in excess of $350 million cost savings alone in 2007/2008 through the use of our tools and services. Clients reporting very significant benefits include:
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- Dow Chemical
- Merck
- Pfizer
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- Wal-Mart
- Weyerhaeuser
- Whirlpool
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Further information about our customers' achievements is available in a set of videos.
Another valuable resource regarding cost savings is the following Imaginatik White Paper:
Achieve Results in Your Organization
Imaginatik has over ten years' experience delivering these solutions and achieving 10X returns and more. This is our day job. We can start working with you within days, and produce tangible results within weeks.
This is a business service, not a technology solution. There is no magic software wand to wave to realize 10X returns. It requires process, discipline, a dedicated team, and deep skills in engaging people in large numbers to focus on solving problems.
So, if you are in business, and you have the ambition to drive 10X returns, be it for cost reductions or revenue growth, contact Imaginatik now and start your journey.
For research on ROI, we recommend our following White Paper: