Whirlpool's network of innovation mentors is designed to support business teams that are focused on challenging market orthodoxies. These mentors are equipped with innovation tools and guidance to help these teams develop new strategies and approaches.

stars icon
5 questions and answers
info icon

Challenging market 'orthodoxies' supports business innovation by encouraging companies to question established norms and practices in their industry. This can lead to the development of new strategies, products, or services that disrupt the status quo and provide a competitive advantage. For example, a company might challenge the orthodoxy that a product must be sold in a certain way, leading to a new, more effective sales strategy. By questioning and challenging these 'orthodoxies', companies can break free from traditional constraints and foster a culture of innovation.

Rapid experimentation plays a crucial role in the development of new products, services, and business models. It allows companies to test a variety of ideas quickly and efficiently, enabling them to identify the most promising ones and discard those that are not viable. This approach reduces the risk of investing heavily in a single idea that may not work out. It also fosters a culture of innovation and creativity, as employees are encouraged to come up with and test new ideas. Companies like Intuit and Kimberly-Clark use rapid experimentation to educate their teams about developing new strategies and busting old mental models.

View all 5 questions
stars icon Ask another question
This question was asked on the following resource:

Innovation Management

Stay ahead of the curve and introduce new strategies, structures, culture, and capabilities to your...

Download template
resource preview

Download and customize more than 500 business templates

Start here ⬇️

Voila! You can now download this Presentation

Download