Forging Ideas Into Results: Strategy (co)Lab 24.8.6
Tue, Aug 06
|Live Virtual (co)Lab
Shorten the development and delivery cycles of new products, services, and features by getting and using better actionable insights. Designed for C-Suite and senior P&L leaders responsible for driving results through products, services, and solutions.
Time & Location
Aug 06, 2024, 2:00 PM – 3:30 PM EDT
Live Virtual (co)Lab
About:
Who should attend: C-Suite and senior bank P&L leaders responsible for driving results through products, services, and solutions. Alloy (co) Labs are open only to verified employees of licensed U.S. financial institutions​.
Financial institutions (and by extension their owners, investors, managers, analysts, regulators, and customers) value the predictability of results. The industry sells 95% of the same products, with 95% of the same features, at 95% of the same prices, governed by 95% of the same philosophies, policies and procedures.
The unsurprising result is that pretty close to 95% of institutions return very similar results; typically with annual growth rates in the low to mid single digits; regional and national macroeconomic trends notwithstanding.
The real opportunity to build a sustainable competitive advantage is in that last 5%.
"In time of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists" - Eric Hoffler
Industry-leading tools to help you:
- Generate better actionable user insights
- Implement rapid customer discovery cycles
- Balance feasibility and viability with user desirability
- Minimize risk by testing new ideas quickly and cheaply
- Reduce waste by focusing on things that actually move the needle
What to expect:
This session is a condensed public version of a small piece of our immersive, hands-on Anvilâ„¢ program, designed to help organizations build and leverage their innovative capacity to create a sustainable competitive advantage to drive exponential growth.Â
Our FIRE™ (Fast, Iterative, Responsive Experiments) Process combines the best parts of modern agile business methods— like Lean, Agile, Scrum, Design Thinking, Customer-Centered Development, and others— into an effective and repeatable process that focuses on the things that really matter.
- Identify customer jobs to be done, gains sought, and pain points
- Apply Minimum Viable Product approach to solution design
- Conduct meaningful discovery and develop  actionable insights on potential product/market fitÂ
- Applicable for buy/build/rent solutions as well as "soft" internal service features, this is a non-technical session
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This session will be facilitated via video by JP Nicols, head of our industry-leading corporate and executive programs. He has worked with leaders at institutions of all sizes around the globe and teaches at leading graduate banking schools.
- Alloy (co)Labs are hands-on participatory digital workshops, not webinars for passive viewing; part of the value is sharing and learning from multiple bank perspectives
- Prior to the session, registrants will receive a custom workbook for context and preparation
- Alloy (co) Labs are open only to verified employees of licensed U.S. financial institutions