Innovation Process – Data Driven Ideation2021-04-03T07:44:30+00:00

We help Define and Validate Business Models!

Improve your Innovation Process with Data-Driven Ideation

1. LEARN

Good decisions begin with information gathering.  We complete a comprehensive market and data analysis of new business concepts or strategic initiatives.

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2. MODEL

The information we gather can be used to rapidly model potential futures in the form of systems models, process models, statistical models or financial projections.

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3. VALIDATE

Models require validation.  We test models and minimum viable propositions against target populations to find ways to improve model design and outcomes

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4. LAUNCH

Re-defining, validating, and adjusting models is as important during a launch as pre-launch.  With your team, we continue to validate and inform launch strategy.

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Testimonials

“Gas Natural Fenosa employed First Steps Consulting for a study on “Technology and business model solutions for the end customer”.  First Steps Consulting executed the work on time and has been giving us first-rate support during the time of execution.  Their study has made a major contribution for the the comprehension of this area inside our company.”

Ingvar Hallste, Innovation and Technology Support, Gas Natural Fenosa (Naturgy)

“First Steps Consulting has provided SPCI with high quality, absolutely first-class research and business modelling services for the past 10 years. Brian and his team are masters at quickly discerning our clients’ need and adapting their approach and toolset to ensure they exceed customer expectations. I would not hesitate to recommend them.”

Joe Wheeler, Chairman Emeritus, The Service Profit Chain Institute

“First Steps Consulting is our go-to source for high quality feasibility studies that require sophisticated market and financial modeling. They are, in our opinion, the best in the market for business modeling and have proven they can deliver consistently over the 10 years and dozens of projects we have worked on together.”

John Atwood, Founder and Managing Partner, Atwood Consulting Group

Recent Projects We’ve Completed

Just Thinking

Growth Projections with the Bass Model

Try the Bass Diffusion Model Simulation One of the most common exercises I go through with clients when assessing the growth projections for a new product or service is the simulation of market penetration and distribution. These growth estimates are fundamental and one of the most difficult things to predict. While we use a variety of [...]

Bringing Order to Chaos

As I return to “blogging” after several years away from the practice, I have struggled with what the perfect message was for that triumphant first post. After much consideration and false starts, I decided that if I am going to start blogging again, it is going to be on whatever interests me at the given moment. Sometimes [...]

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