Frontier’s flexible approach helps our clients innovate faster, better and in areas that create most impact for them. Our aim is not to take over the innovation process for our clients, but help them remove the friction points that hinder successful innovation.
Our approach is based on five questions that are relevant across different stages of the innovation process. We use it to support both - strategic overhauls and individual product innovations. The questions allow us to get to the underlying economics quickly and bring structure and clarity to our clients’ challenges. For example, if a business is worried about not being innovative enough, we explore their economic model first to understand what really is driving the blockages. Without this understanding, we risk developing fixes which are superficial.
If a business is considering an investment in new, cross-cutting technology and struggles with navigating the uncertainty, we explore the value drivers of the innovation and articulate what our clients would need to believe for the investment to be worthwhile.
Using an economic lens can help find a way through some of the hardest elements of innovation.