CHALLENGE
Identify and develop new business opportunities with potential for high growth in the health, ageing and end of life sector.
METHOD
- Undertook insight and market-led desk and field research.
- Identified new, high-growth business opportunities, including a funeral service called the Departure Lounge.
- Developed comprehensive business propositions.
- Created networks of support and engaged potential business stakeholders.
- Pitched business propositions to the Senior Management Team / Board.
- Undertook de-risking activity for each business proposition.
OUTCOMES
- New business ideas fed into the innovation pipeline.
- Developed business propositions for the ideas with the most potential as high-growth business opportunities.
- Built bridges between public and private sector organisations.
- Assisted with public-sector procurement.
- Connected entrepreneurs, business stakeholders and technologists / scientists.
- Designed and delivered training for colleagues in service design.
NOTE: image courtesy of Eco Urns.