Taking Business to Infinity &
Beyond
What is Digital Transformation anyway?
In the bustling landscape of commerce, the term “Digital Transformation” has become the buzzword of the decade, But here’s the secret, it isn’t just about embracing the latest gadgets and marketing fads; it’s about embracing a mindset that propels your business and your people into the digital age with gusto. Get ready to witness your small business unfold its digital wings and soar to new heights!
How Can we help?
PRODUCT accelerator
Developing a Minimum Viable Product is essentially a risk mitigation strategy.
By releasing a scaled-down version of the product early on, businesses can test hypotheses, validate assumptions, and identify potential challenges before investing significant resources.
Business Rocket Fuel
Our holistic business assessment focuses on all of your business and not just your marketing!
The combined approach of self and independent assessment gives a complete picture of the business and it’s transformation needs and brings it all together in a roadmap with simple projects you can undertake to increase your businesses Digital Maturity
STARTUP DESIGN SPRINTS
Design, test and iterate new concepts, prototypes and technology.
By using product development tools our startup dev team brings the user to the centre of design, moving your product ever closer to customer acceptance.
Get it done in 5 days
PRODUCT ACCELERATOR
Ready for takeoff in the startup play ground?
5E Digital product accelerator is a launch program for any startup based on the Central Coast NSW Australia.
5E digital founders mentality is, we help you develop your concept, business model, product-market fit, and go to market strategy. We use data driven insights and proven methodologies to launch startups through a de risk process.
Adopting a structured product development methodology with a keen emphasis on the Minimum Viable Product concept ensures that businesses not only create products efficiently but also stay adaptive, customer-focused, and economically prudent in their pursuit of innovation.
Our Program Focuses on
- Efficient Resource Utilization
- Customer-Centric Approach
- Reduced Time-to-Market
- Risk Mitigation
- Iterative Improvement
- Cost-Effective Innovation
- Market Validation
Where
5E Digital Labs
We can host sessions at our West Gosford Office, Travel to you or find a suitable venue in your area
Total participants
Bring the team!!
To ensure the best outcome we reccomend that your whole team is involved in the development of your MVP
COST
From $ 4,500
Our costs are based on what we deliver not the number of team members attending
How long?
10 week program
Our initial program runs for 10 weeks with 10 x 2 hour sessions. our sessions will guide you through the process of developiong your new product and bringing it to market
Business Rocket Fuel
a whole-of-business assessment lays the foundation for a robust Digital Maturity Roadmap by providing a deep understanding of the organization’s current state, its capabilities, and the challenges it faces. This knowledge is instrumental in crafting a roadmap that is not only technologically advanced but also strategically aligned with the overall business objectives and adaptable to the evolving business environment.
Our Assessment focuses on :
Holistic Perspective: A whole-of-business assessment ensures that every facet of the organization is considered
Identifying Strengths and Weaknesses: The assessment allows businesses to pinpoint their current strengths and weaknesses
Alignment with Business Objectives: The assessment helps align digital initiatives with broader business objectives.
Prioritization of Initiatives: Not all digital initiatives are equally impactful for every business.
Risk Mitigation: Assessing the entire business allows for a thorough evaluation of potential risks associated with digital transformation
Resource Planning: Understanding the current state of technology infrastructure, human resources, and financial capabilities enables effective resource planning
Adaptability to Market Changes: Markets are dynamic, and a whole-of-business assessment helps in creating a Digital Maturity Roadmap that is adaptable to changing market conditions
Where
5E Digital Labs
We can host sessions at our West Gosford Office, Travel to you or find a suitable venue in your area
Total participants
one2one
Upto to 3 team members can attend
COST
$1,500.00
per business – upto 3 team members
When
Ondemand
2hr initial session plus roadmap follow ups and check ins
Startup product development
Empathise, ideate, prototype, and validate. Get it done in just 5 days.
Invented by Google Ventures, a design sprint is an intensive, highly-structured 3-5-day innovation cycle. Teams deep dive into a specific topic by prototyping, testing, and validating with end users.
A design sprint involves up to 7 team members from multi-disciplinary backgrounds. Broad and diverse participant backgrounds are critical to successful sprints.
Design sprints help innovators choose the right problems to solve and give first hints of possible solutions. They enable you to set a better path to achieve your long-term goals.
Large corporations from Nest to Nike, Google Ventures, IBM, Spotify, KLM, Philips, and many other Fortune 500 innovation leaders rely on the design sprint format to tackle uncertainty and risk in the shortest possible time, while maximizing learning for the organization.
RESULTS
What to expect from our design sprints?
- Focus on issues from your customers perspective
- 360 degree validation of final concepts
- A quick cheap proof of concept or not, to understand the correct path
- A unique, corporate – orientated approach to design sprints
Deep dive into the structure of a design sprint.
Design sprints start with corporate teams of up to 7 people per project who are up for a stimulating, collaborative, fast-paced, high-energy innovation cycle. We challenge participants to get out of their daily comfort zones to where the magic happens and drive innovation forward. This requires participants from different organizational backgrounds and business units to develop creative thinking, help solve problems, and voice their opinions to constructively challenge the group.
Here’s the plan for a classic 5-day design sprint. We also run shorter 3-day design sprints.
Day 1: Empathise and map out the problem
The first day is all about picking a target so you can start with the end goal in mind.
- Define your long-term goal
- Map out your challenge and problem
- Leverage existing knowledge
- Customer problem interviews
- Define How-Might-We statements
Day 2: Empathise and map out the problem
The second day you’ll start coming up with new ideas and solutions that will solve your customers’ problems. Try to take inspiration from different industries and implement that in your challenge.
- Customer journey mapping
- Define the right problem to solve
- Lightning demos of existing solutions
- Ideation creative rounds
(analogy thinking, brainwriting, trends and drivers, triggers, opposite thinking, analogy cards, and more)
Day 3: Concept development and selection
On the third day, you will make a few decisions. Day 3 is about shortlisting your ideas and choosing the best ones to take forward.
- Critique, refine and cluster ideas
- Idea selection process
- Converge best ideas, features, and functionalities
(using strategies including innovation battlefield and assumption mapper) - Concept card development
- Storyboard prototype
Day 4: Prototype development
The fourth day is about making your ideas tangible in the fastest, cheapest, and easiest way possible. It’s not about making a prototype that looks like your end product. It’s about testing the key values of your ideas in the quickest way.
- Prototype tools palette and training
- Define team prototyping roles
- Rapid prototyping session
- Minimal viable product testing
- Problem interview training and preparation
- Interview test run with the prototype
Day 5: Test and Validation
On the last day of the sprint program, you’ll test your prototypes with 5 to 10 end users. Validate the assumptions you’ve made over the course of the week and gain input and feedback to iterate your product.
- 5x customer interviews
- Real-time interview insight gathering by the team
- Team analysis of interview insights
- Reflect on insights in relation to original sprint questions
- Validate hypotheses and assumptions
- Plan next steps and move on
Where
On location
5E Digital Labs
4/6 Enterprise Close
West Gosford NSW 2250
Total participants
one2one
Upto to 6 team members per business can attend
COST
$12,000.00
for 5 day sprint
includes product developer & designer
User testing interviews are quoted as needed.
When
Ondemand
5 day allocation
Monday to Friday
ensures continuity
FREE STUFF
In partnership with board of innovation we have gathered together a range of free tools and guides to use in assisting startup move quickly towards proof of concept.
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INNOVATION DNA
Discovering which strategic goals really matter for your organization.
Cognitive bias poster
Here are 16 cognitive biases to look out for that impact creativity and innovation process…
Problem validation script
The problem validation questions is a tool to help you conduct your first customer interviews…
SCOPing canvas
The ultimate 1-page template to help your team align on the scope of your innovation project.
Your privacy is respescted at all times, this is not database collection, we capture user information against downloaded resources to creative commons licence. Creative commons link
Resource download
INNOVATION DNA
What is this for?
Often information about innovation strategy is packed into 30-page Word documents or explained in such a way that it gives you a headache. If only there was a way to receive the same information in a quick, visual way. Well, there is one now!
The Innovation DNA is designed to answer all your prayers. It helps you to:
- Visualisation of your current innovation strategy.
- Highlight the main gaps and shortcomings between your current innovation strategy and your future goals.
Step-by-step guide.
STEP 1
Download this PDF and print it on an A3 or A2 sheet of paper.
STEP 2
Do you want to achieve short-term quick wins, or leverage long-term strategic opportunities? Map on the horizontal axis accordingly for your current strategy. Where would you aspirationally plot it?
STEP 3
Are you focussing on incremental innovation or do you want to innovate radically? Where would you plot your current strategy? Where would you aspirationally plot it?
STEP 4
Should innovative initiatives be approached bottom up or top down? Map on the horizontal axis accordingly for your current strategy. Where would you aspirationally plot it?
STEP 5
Are you willing to include external parties in your innovation strategy? Do you have an open Innovation or a closed Innovation approach? Where would you plot your current strategy? Where would you aspirationally plot it?
STEP 6
Where do you want new business concepts to be developed? Do you want to focus your ideation efforts on selected projects or do you want structural ideation? Map on the horizontal axis accordingly for your current strategy. Where would you aspirationally plot it?
STEP 7
How committed are you when it comes to executing your innovation strategy? Are you structurally embedding innovation or are you innovating within specific departments? Where would you plot your current strategy? Where would you aspirationally plot it?
STEP 8
Do you want to promote a corporate or a startup-like culture? Are you stakeholder focused or customer-centric? Map on the horizontal axis accordingly for your current strategy. Where would you aspirationally plot it?
STEP 9
Is there a discrepancy between your DNA results and your current efforts towards innovation strategy? The wider the gaps, the more urgent it is to take action.
Your privacy is respescted at all times, this is not database collection, we capture user information against downloaded resources to creative commons licence. Creative commons link
16 Cognitive Bias poster
What is this for?
The purpose of this poster is to discuss several key cognitive biases and their effects on decision making within strategic innovation management as well as how to minimise their effects so that team members can contribute optimally to the fuzzy innovation process.
They are essential in understanding and managing appropriately to ensure your innovation outputs are most suitable to your challenges and problems identified, rather than being decided upon by instantaneous emotional instinct without objective reflection.
Resource download
Your privacy is respescted at all times, this is not database collection, we capture user information against downloaded resources to creative commons licence. Creative commons link
Resource download
Problem validation script
The problem validation questions is a tool to help you conduct your first customer interviews.
Interacting with customers is a crucial part of the problem exploration phase. The problem validation script will give you the sample questions and pointers you need to get the most insight out of it.
Step-by-step guide.
STEP 1
One person in the team should prepare a draft problem interview script (30 min).
STEP 2
Test the first version of the problem interview with your teammates and refine the script together (30 min).
STEP 3
Interview at least 5 customers. One person does the interviews and one person takes notes (5 x 50 min).
STEP 4
Have a team meeting to discuss the results (look for patterns!) and update your persona, customer journey map and problem interview script (50 min).
Tip: You typically have to repeat this process at least twice to hone in on the right problem to solve.
Tip: Start planning interviews during scoping and take into account a 2-week lead time.
Your privacy is respescted at all times, this is not database collection, we capture user information against downloaded resources to creative commons licence. Creative commons link
Resource download
Scoping canvas
The ultimate 1-page template to help your team align on the scope of your innovation project.
What is this for?
The scoping canvas will help your team align on the scope of your innovation project.
The scoping canvas is your starting point in this accelerator journey. Clearly define what’s in scope and what’s out of scope, without deciding on a specific solution or problem to solve.
Step-by-step guide.
STEP 1
Individually fill in the 8 boxes of the canvas with sticky notes (15 min).
STEP 2
The team leader should facilitate a discussion starting from box 2 to box 8. Don’t take longer than 10 minutes per box (70 min).
STEP 3
Have a final discussion on outstanding items from the previous step (10 min).
STEP 4
Individually reflect on box 1 and write down your challenge statement (10 min).
STEP 5
Have a discussion on box 1 and agree on a final challenge statement (15 min).
Tip: Ask for feedback on your scoping canvas from colleagues, customers, etc. and revisit your challenge statement.
5E DIGITAL TEAM
Paul Fellowes
Director & Product developer
Jacinta Outlaw
Director & Behavioural Economist
Giles White
Director & Business Strategist
Tegan leary
Research & Content developer
WHO ARE 5E DIGITAL
What began as an economic development company in 2003 has now transformed into a cutting-edge enterprise committed to ushering smaller businesses into the digital age. At the heart of our journey lies a profound understanding that the future of business is digital, and we’re here to guide small enterprises through this transformative landscape.
From our roots in economic development, we’ve grown and adapted, recognizing that the key to sustained growth for small businesses lies in the seamless integration of digital technologies. Today, we proudly stand as a beacon of digital transformation expertise, bridging the gap between traditional practices and the dynamic possibilities that technology brings to the table.
BREWING IDEAS!
Weekdays
9AM -5PM
Contact
Phone
0401083684