In Part 3 of our new insights series, we look at how trust-based, strategic partnerships are key to maximising both the potential of innovation endeavours and the ability to deal with change and ambiguity.
Over the past 18 months, we’ve gone from helping our clients adapt and respond to disruptive forces, to being thrust head-on into that disruption ourselves. Navigating change and uncertainty is always challenging, but this period of intense, accelerated learning revealed the five qualities we believe are essential when establishing any digital innovation partnership. In this insights series, we look at those qualities one by one.
It’s often said that “if you want to go quickly, go alone; if you want to go far, go together.” But for more and more companies, attempting to journey ‘alone’ on the path to digital transformation is back-firing. Sure, it’s easy to find a vendor that can build ad hoc briefing based digital solutions, but without a holistic approach, a patchwork of solutions ultimately slows a company down, preventing it from leveraging the full power of digital – or worse, being overtaken by a competitor.
Rather than going it alone, building a strategic partnership with a trusted digital innovation partner can signal a new chapter in which sustained growth and impact are not only possible, but much more likely.
Being trapped in a short-term, delivery mindset – with an overly strong focus on timelines, budgets and deliverables – makes innovation difficult, if not impossible. And companies that don’t innovate find themselves stagnating, and risk being out-run by competitors.
A real innovation track is all about testing and adapting, and then scaling the right ideas. This means that often, we start without knowing exactly what the end result will look like. In a world of metrics and KPIs, and increasing pressure to deliver results fast, companies can find it difficult to allow themselves to cultivate a true innovation mindset, definitely in indispensable external collaborations with partners. That’s where finding a trusted strategic partner comes in.
Bringing in an experienced and trustable digital innovation partner enables companies to benefit from an objective perspective, new ideas, and key expertise that can drive both the short- and longer-term outcomes they’re looking for.
At November Five, the outcomes that most of our clients are seeking have typically been too complex and valuable to simply hand off to a generic third party. So, unconsciously, we have been building strategic partnerships that far outgo the typical client-vendor relationship for years.
These partnerships are built on a solid foundation of mutual trust, which takes time and effort to establish, but which brings immeasurable value when we embark together on innovation endeavours that may not have a clear destination.
Some of the key ways we nurture trust, and strengthen our partnerships are:
The advantages of building strategic partnerships for innovation are innumerable and we are committed to pursuing this approach. We’re starting to bring more structure to our partnership programmes so our clients always know that they have fertile ground for innovation wherever they turn.
Excelling in today’s fast-paced and competitive world is more challenging than ever, but rather than trying to do it alone, companies should shift their mindset and explore how strategic partnerships can help them drive innovation, navigate uncertainty and maximise their chances for success.
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Working in collaboration with Penny Black and its joint venture incubators, Agfa and ninepointfive, November Five delivered a technology project that strengthened Penny Black’s business case and lowered its backers’ investment risk.
Our Vanbreda Healthcare platform has been awarded a UX Design Awards nomination by International Design Center Berlin – the leading, independent design institution promoting design as a driver for business and social innovation.
November Five was named one of Fast Company’s global 100 Best Workplaces for Innovators in both 2020 and 2021. This annual list, developed in collaboration with Accenture, recognises and honors the top 100 businesses from different industries that inspire, support and promote innovation at all levels. For the consecutive year, November Five was the single Belgian workplace listed.
Fast Company is the world's leading progressive business media brand, with a unique editorial focus on innovation in technology, ethical economics, leadership, and design. Written for, by, and about the most progressive business leaders, Fast Company and FastCompany.com inspire readers and users to think beyond traditional boundaries, lead conversations and create the future of business.