The FarWind Method
FarWind Consulting
developped the « FarWind Method » to help companies
successfully run Disruptive Innovations. It includes 4 steps:
Anticipate market disruptions
Disruptive
Innovation can only develop if market conditions are favorable. It
requires to search for weak signals announcing market changes and their
timing. With the FarWind method, management teams can qualify if and
when a Disruptive Innovation can succeed.
Go beyond the market mental model
Disruptive Innovation challenges the mental model that existing market
players refer to. For management teams, considering a new mental model
is tough as they can’t get their mind off the current model
– it is proven right by past successes. With the FarWind method,
they can conceive different possible models and select the most adapted
one.
Create a Diruptive Innovation
A
Disruptive Innovation takes form on the market as a novel offering. It
is original both by the benefits brought to customers and the way the
company provides products and services. With the FarWind method, teams
can specify the different offering components.
Create a new market and become the leader
A
Disruptive Innovation is so different from existing solutions that
customers resist adopting it. Therefore traditional marketing
techniques are ineffective. With the FarWind method, teams can overcome
customers’ resistance. They can create a new market and become
the leader.