EDGE Innovation Revolution: Launch of EDGE Innovation Factory and 20:20 Model

March 2012 marks the launch of the ground-breaking EDGE Innovation Factory and 20:20 Model. Our mission is to revolutionise the way companies Innovate. This article and webinar explains how the current process is broken, why the current mind-set must change, and what you can do about it with the support from EDGE.

Innovation is Our Salvation

The world is changing and developing at an ever-accelerating pace. Less of what we know from the past is relevant tomorrow, and the challenge from cost competitive countries is ever increasing.

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Innovation Story

Innovate or dieInnovation small and big

Innovation is a powerful concept. It influences our personal aspirations, business settings, social movements, world of technology, fashion, media, health services – you name it. It is networked and diffused, complex and measureable, it challenges and increases competitiveness. The discourse on innovation has become so fragmented and pervasive that we feel it may have lost its gravity. Sometimes, it pushes us further than we have ever been before. Occasionally, it makes us do things never done before. Yet, more often than not innovation fails. We have come to understand why and we have a perspective that we want to share.

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Introducing: EDGE Contextual Map

EDGE Contextual Map – ECM – is a groundbreaking approach to mapping situational consumer needs, for radically new market understanding. ECM is the cornerstone of consumer-driven growth and innovation strategies at all levels; it fuels growth at company, category, brand, and extension levels.

EDGE Contextual Map - See Your Future

EDGE Contextual Map

Those companies consistently outperforming their competitors show two interlinked commonalities;

(1) they understand customers better, and
(2) they are able to execute on such insights.

This is the single most important realisation we have made in our 15 years of work with growth strategies for clients. It is also the prime reason for our dedication to build unrivaled methodologies for understanding customer needs, and a key driving force in developing ECM. What comes as a surprise to most companies is how easy it is to become truly customer driven, even at the corporate level, once they establish a common platform for understanding consumers.

The case of Coke: In 2006, Mr Neville Isdell, then chairman and CEO of The Coca-Cola Company, launched the famous Manifesto for Growth. Their needs based segmentation map was a key pillar in this growth program. Read More »

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Apple becomes world’s most valuable brand

Apple World's most valuable brand 2011

Apple World's most valuable brand 2011

Apple eclipsed Google to become top dog on the annual 2011 Brandz ranking from Millward Brown. The Apple brand alone has an estimated value of $153bn, almost half the company’s market capitalization (AAPL). The value of the Apple brand has increased by a staggering $137bn since 2006.

It is truly mindboggling what Apple has accomplished in just 5 years:

  • Redefining the way we consume music, almost eradicating the CD format
  • Revolutionising how we interact with phones, creating an “App ecosystem” allowing for 3rd party software solutions
  • Creating a new category with the iPad, which may have the power to reshape the printed press industry in the same way iPod reshaped the music industry
  • Leveraging design and user experience better than any other tech company
  • Whilst being a brand for the masses, Apple has emulated luxury brands making their products more desirable by increasing price

Apple has created more brand equity than any company in history and has done so in a very short time frame. It was achieved with relatively modest advertising expenditure, focusing its investment on R&D and innovation to create radically better products and experiences for their customers. Steve Jobs seems to have a Midas touch in anticipating rather than merely responding to customer needs.

One of EDGE’s core capabilities is decoding and anticipating customer needs. It’s gratifying to see what can happen when customer needs becomes the cornerstone of the company’s growth strategy.

The Apple story is truly inspirational and we are eager to see how the Apple can carry Jobs’ legacy forward. Meanwhile, we will continue to capture the great learning this story has to offer.

 

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7 red flags your brand strategy is off

Brand Identity Makeover

Consider going back to the brand strategy drawing board if you can identify with any one of the following early warning signs. You may find that you need to adjust your brand’s target, tune the positioning and the proposition to your target’s sweet spots, or modify your communication or channel mix.

Your days are a never-ending chain of running between meetings, putting out fires and staying on top of your inbox. Meanwhile, you’re hoping you can rely on a solid brand strategy, which is like an insurance policy for effective communications and hitting your number.

 

But is your strategy solid, really? Are your day-to-day marketing efforts driving the results you need? Just as you can experience accelerated growth when you get it right, the exact opposite can happen if you don’t. Take these early warning signs seriously.

1. You’re not sure with whom and how to connect.

If you don’t know who you should connect with, where to find them and what makes them tick, then you could waste a lot of time talking to the wrong people and spending effort that won’t drive business results. Instead, define your target audience and determine what benefits and messages matter to them. Only when you know who they are and where you can interact with them will you be able to select and balance out the appropriate channels, such as television, radio, social media, blogs or online newspapers.
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Are you doing enough to develop your business creativity?

Creativity Survey

Results from interesting.org survey asking more than 100,000 people in numerous industries

Recent ANFO seminar on business innovation and creativity took place on 26 January in Oslo, Norway.

ANFO, the Norwegian Advertisers Association (Annonsørforeningen), organised a one-day seminar on innovation and creativity on 26th January at the Hotel Bristol in Oslo, Norway.

Tom Ingvoldstad from EDGE was present and spoke about one of our recent innovation cases and the managerial challenges related to innovation.

If you missed the seminar and are curious about our perspectives on innovation feel free to contant Tom by email or telephone +47 951 42 888.

 

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Sial d’Or Award given to Kavli Mayonnaise

Kavli mayonnaise has once again been highlighted as an innovation with commercial success

Kavli mayonnaise won the prestigious SIAL d’Or price for innovation and commercial success in the Norwegian food market.

Created in 1986, SIAL d’Or are awarded in partnership with 30 trade magazines from the international food and retail press.

SIAL d’Or pinpoint and highlight innovations that have become major commercial successes in the food markets of the 30 countries represented.

Kavli mayonnaise was chosen as the winner in the Norwegian market in competition with other innovations across 9 product categories. More information about the price and winners can be found on the SIAL website.

You can also read what the Norwegian trade magazine Dagligarehandelen wrote about the prize in this article (Norwegian language).

 

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Innovative packaging design receives more attention

The new Kavli mayonnaise was awarded a prestigious design award and continues to receive attention

The Norwegian industry magazine Plastforum presented the new design on the front page of their April issue.

The Award for Design Excellence 2010 was awarded to EDGE for our contribution to the new and innovative packaging design on Kavli mayonnaise.

In reaction to the design award, companies have renewed their focus on new and innovative packaging design. In a recent issue, the Norwegian industry magazine Plastforum presented the Kavli Mayonnaise design on their front page and featured an article describing the concept in detail.

 

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From Insight to Effective Brand Building and Innovation

Yngve Kristiansen and Helge Krane are presenting at “Markedsanalysens Dag” 2009 (MAD09)

Presentation given at “Markedsanalysens Dag” 2009 (MAD09) on the 5th of November in Oslo, Norway.

Markedsanalysens Dag” is a yearly conference held by the Norwegian Market Research Association (NMF) that highlights topics and case studies relevant within the field of market analysis.

In a break-out session on insight the audience learned how MatPrat and REMA 1000 successfully used insight to strengthen and revitalise their existing brands.

The session was held by Martin Klafstad from REMA 1000, Jeanette Torp from MatPrat/OFK, and Yngve Kristiansen and Helge Krane from EDGE Consultants.

They addressed how market analysis and insight was used to develop crucial knowledge that enabled the team to make the right decisions, at a reasonably low risk, to reach their goals. E.g. how REMA 1000 used insight to create extraordinary results through their concept ”Grillkongen Craig”, which made REMA the winner of the barbecue season in Norway and strengthened their brand.

The session was concluded with a discussion on the ideal process from establishing facts and findings to delivering results.

 

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Management of Today: The Biggest Challenge for Innovation


Tom Ingvoldstad presented at Norwegian Design Council’s Business and Innovation conference 2009

 

Presentation given at Norwegian Design Council’s Business and Innovation conference 2009.

The Business and Innovation conference (“Næringslivsdagen”) is an annual business and design conference directed by the Norwegian Design Council (“Norsk Designråd”) and focuses on the use of design as an important mean to develop good innovation.

Tom Ingvoldstad presented our reflections on the importance of dedication from top management to succeed in the development of breakthrough innovations. This is based on our experiences with the innovation process, how it is handled in many companies and all the possible problems that stand in the way for realising strong and strategically important concepts. He also gave some recommendations on this can be resolved to ensure better results with your innovation efforts.

You can view the presentation here (in Norwegian):

 

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