This mini-course gets right to the fundamentals of how to deal with the levels of uncertainty and complexity that we are all facing today. In it, you’ll learn how discovery driven planning is different than what you might be used to when it comes to planning, how to drive your plans through key checkpoints, how to use a “BareBones” net present value calculator to put some numbers behind your assumptions, creating a “reverse” income statement, and how to review what you are learning in a psychologically safe way.

After completing this mini-course, you will be able to:

• Establish success criteria for an uncertain opportunity
• Define and quantify your assumed business model
• Create a ‘reverse’ income statement
• Conduct competitive and market benchmarking analyses
• Document your assumptions in order to test them
• Plan and budget around key checkpoints

Become a faster, more confident decision-maker with Kromatic’s five-week Innovation Accounting program starting January 25th, 2022. Get your project moving by building a hypothesis-driven financial model to help you make better “go or no-go” decisions for your real-world project.

Taught by experienced entrepreneurs, and backed by actionable feedback from your peer group, this program helps you translate qualitative observations into a concrete financial model using your current project. You will set clear success and fail conditions for your project and predict the likelihood of reaching your goals.

Innovation Accounting includes 12 hours of interactive live sessions, 10 hours of self-study material, and lifetime access to upgraded material.

Who It’s For

For innovation project leaders who are familiar with qualitative research like customer interviews and usability tests, but need to prove that they are ready to scale with quantitative data.

For Executives and innovation board members who need to evaluate risks and make data-backed decisions on funding innovation projects. The models developed in the course can be used for better portfolio management, clear goals and KPIs for innovation teams, and making “go or no go” decisions, leading to improved innovation ROI for your company.

How It Works

This five-week course takes you from a business idea to a complete financial or mission-impact model that will help you make confident decisions about whether to continue a project, pivot, or pull the plug.

You will meet once a week for two hours with your coach, an experienced entrepreneur, in an online, interactive session alongside your peers. Between each session, you’ll have complete access to more than 10 hours of online material and activities to help you develop your project, including video lectures, templates, an interactive whiteboard for completing work, and interactive games.

In each session, there won’t be more lectures. We’ll go straight into Q&A along with reviewing the work you’ve completed. You’ll get hands-on support making the theory apply to your real world project. (Or sample project if you don’t have a real one.)

The emphasis in this program is on learning by doing.

What You Learn

You will leave this program familiar with how to translate qualitative observations into a concrete financial model that takes uncertainty into account. You will then be able to set clear success and fail conditions for the project as well as predict the likelihood of reaching your goals.

Creating new businesses from innovation is a top-3 priority for most companies. It is necessary to future-proof the company, but the approaches most companies use do not create the expected results.

One root cause for this wide-spread lack of impact from innovation is that every company has two incompatible value creation systems under one roof: the day-to-day business (exploit the existing business model) and innovation (explore new value pools and business models), and these are not in sync. Companies struggle to invest into scaling new businesses because of inherent uncertainty- in the scaling phase, efforts needed far exceed value created.

The solution to this problem is the Lean Scaleup™; an end-to-end method for building business from innovation, co-created by Frank Mattes with 20+ industry-leading companies and 2 leading business schools.

One of the key components of the solution is to install a gearbox to connect the two single purpose, incompatible value-creation systems. This gearbox has three parts, and “Culture” is one of them.

Along the innovation journey, there are 5 transitions in which culture is a success factor. On the hand, they relate to the interfaces between the core organization and Innovation / the corporate startup. On the other hand, they relate to building a “culture of growth” at the rapidly growing scaleup.

We are collaborating with Frank and his team to support a curated group of innovators from leading companies to get the culture part of corporate business building right, by means of a Peer Group program.

The program includes

• Learning best/next practices for implementing the Lean Scaleup framework
• Discussing (good and bad) experiences with peers from other companies
• Personal 1:1 support for company-specific issues

Built on insights from interviews with 100 innovation leaders, Untold’s Virtual Innovation Storytelling Training empowers participants to leverage the art and science of innovation storytelling.

Stories hold the power to make or break innovation efforts. This immersive virtual training prepares innovators to create impactful stories that generate buy-in, increase motivation, and speed-up the innovation process.

What will you get out of this training?

• An understanding of the techniques, drivers, and value of innovation storytelling
• The ability to experiment with storytelling throughout the innovation process
• 30+ validated innovation storytelling tools and templates
• 25+ epic examples of innovation storytelling from enterprises and startups

Untold’s Virtual Innovation Storytelling Workshop can be experienced in three ways:

Self-Paced Online – Explore 8 fully online modules on your time. This is the right experience for innovators who are looking for a time-saving introduction to the fundamentals of effective innovation storytelling. Within the eight modules, participants will review a series of videos explaining how to leverage the five drivers of innovational storytelling while using the tools within the Innovation Storytelling Toolkit. Includes lifetime access to the Innovation Storytelling Toolkit.

Hybrid Workshop – Engage with fellow innovators through a workshop experience that combines the self-paced content with three live workshops led by Untold Content’s expert innovation storytellers. This experience is a great fit for those looking for the opportunity to engage with peers within innovation and receive additional hands-on guidance in building their innovation stories. The workshop is experienced over four weeks. Includes lifetime access to the Innovation Storytelling Toolkit.

Facilitated Training – Ideal for teams, the fully facilitated workshop engages learners in a deep dive into the five drivers of innovation storytelling and the Innovation Storytelling Toolkit through an 8-week experience. In eight live weekly sessions, participants will receive regular, hands-on practice with the tools within the toolkit and direct feedback from Untold Content’s expert storytellers. Includes lifetime access to the Innovation Storytelling Toolkit.

Facilitate Transformative Conversations

Bring diverse stakeholders together more effortlessly with an expanded toolkit and skillset for state-of-the-art creative collaboration. Online doesn’t have to mean less human. Bring people together to talk, learn and decide on new plans and new actions, to move things forward.

Rethink Your Workshop Design Approach

Plan your workshops and meetings like any experience: holistically, with humans at the center, and for maximizing delight. Learn to leverage the best-in-class tools and create virtual spaces for collaboration using narrative, wayfinding and presence.

This is not a giant, impersonal webinar. This workshop will be limited to 18 participants to allow you ample time to practice and get feedback. This is not a “chalk-and-talk” or “sage-on-the-stage” format. The sessions will be highly interactive with multiple facilitation simulations, activities and collaborative sessions.

You’ll leave having had the chance to try on a variety of new facilitation approaches in a safe space. All materials referenced are on the Online Companion, which you’ll have access to for one year from your course.