Holistic Innovation – how to develop new business on very limited resource
Artefactx’s Holistic Innovation at work
On the successful launch of Canvaz’s first housewares collection – Crystal Totem in Hong Kong’s Gifts & Premium Show 2014. Artefactx has proven the Holistic Innovation approach had saved over 80% development cost in both Human Resource, Time and Capital Investment.
Scope of Works included in this Holistic Innovation Project:
In the case of Canvaz, Justin help to strategize and design the full sets of Business Innovation from scratch including:
- Brand Identity Design
- Product Design & Development of 10-Pieces Housewares & Home Deco collection
- Engineering & Tooling Ready 3D Data
- Marketing and Promotion Campaign – “Think out of Cabinet” Creative & Design
- Product Catalogue – Copywriting and Design
- Facebook fan page Setup & Management
- Exhibition Design & Production
- Product Photo Shooting
- Video Content Marketing
Rapid Innovation Save 80%+ cost with Positive Results
All these processes only takes 2 months to complete with no more than 2 full time head counts(engineer & marketing) lead by Justin Tsui.
Comparing to a normal processes in SMEs which could easily take at least 9-12 months with a project team of at least 4-5 staffs; it could take as long as 18 months in a team of 10 staffs for the whole process if it happens in a multi-national companies.
One main character of Holistic Innovation is its speed in delivering multi-dimension strategy and design solutions. And being rapid in the innovation process is a critical competitive advantage in nowadays business.
The brand and product range is receiving very positive feedbacks from users and buyers, and this sets a very good starts for Canvaz as a new business startup innovation.
Holistic Innovation is designed by Digital Era
Holistic Innovation is designed for today’s digital era and fast changing market dynamics. The core essence is to strategize and design the product, brand and communication in a parallel and integrated process with highly agile leadership and skilful innovation team.
The integrated process is truly a multi-disciplinary design and strategic approach that requires lot of entrepreneurial spirit and drive for both the project team and leadership.
Like the idea of Lean StartUp by Eric Ries, Holistic Innovation is a lean innovation process for tangible products and brands development and marketing.
Holistic Innovation is controllable risk with big return
Integrated Innovation is NOT designed to develop a perfect product with 5-20% of normal investment, instead it is designed with a mindset to take controllable risk with minimum investment and potential big returns.
And holistic innovation should be a on-going processes that continuously improving existing solution while actively seeking new disruptive opportunities.
Try for your own business
Holistic Innovation is a very unique practice, and Artefactx is very glad that this approach is proven to help save over 80 percent investment in the Canvaz Project.
We hope this story could help inspire more companies to try out Artefact’x 360 degree holistic innovation approach, and develop successful new products and brands for their own business.
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