Almost everyone realizes that innovation is critical. Yet the risks involved in leaping the chasm are great. We can help you land on your feet. 

Our mission is to enhance bottom-line corporate profitability by helping organizations build internal capability for innovation. We believe that powerful, positive change can be created by a commitment to innovation that is aligned with overall business strategy. We use practical methods that accelerate learning, enhance collaboration and creativity and produce lasting value.

How We've Helped Clients: Results

All innovation is a constant process of discovery and creating value by generating fresh ideas about business, people and their environment. These ideas, when followed by action, provide greater capabilities, which impact business results and produce a positive return on investment.

ThinkSmart's return on investment to our clients includes financially viable ideas, new products with reduced R&D costs, new services complementing existing lines and overall cost reduction. 

The following are results from ThinkSmart consulting engagements:

• A financial services company doubled its business by implementing a customer-driven market strategy. The profits went up 70 percent in an 18-month period.

• A research & development division shortened its product development time from 15 months to 6 months. Profits went up 100 percent over a 12-month period.

• A medical device manufacturing concern went from 8 percent rejects to 1 percent rejects in seven months, which is saving the company $1.2 million per year.

• A chemical plant developed a new manufacturing process in 15 months as opposed to 30 months. Cost savings are estimated at $2,016,000.

• A consumer products company generated thousands of new product ideas, some of which were breakthrough concepts.  At least 20 of these ideas are currently under evaluation for implementation in 2003.

• A textile manufacturing company created an ongoing dialogue with 5,000 associates to create a shared vision for the future.

• A tobacco company developed a new, long=term marketing and product strategy and execution plan with buy-in and ownership from the entire organization.

• A pharmaceutical company is currently implementing a strategy to excite and involve thousands of employees in its new ideas management system.

• A large HMO has increased its capacity to lead complex implementation projects, with 80 percent of staff reporting dramatic increases in their skills.

• A public relations agency, has tripled its capacity to help clients generate ideas through training of staff.

• A research & development group has assessed the innovation climate of its division, launched a company-wide innovation initiative and gained top-management buy-in and funding for innovation projects.