Identified New Revenue Streams
Shifted product teams definition of addressable market and user segments.
How Do We Innovate New Revenue Streams if That’s Not Our Core Competency Yet?
Impact
Innovation Competency
Trained management teams on innovation methodology and strategies that led to the redesign of corporate shared services.
Increased Brand & Product Launches
Bringing new and delayed products to launch with more aligned market fit.
Challenge & Opportunity
CNTRD worked with Gateway Blend’s multiple products during the two-plus year relationship. CNTRD got a product unstuck from the pipeline, explored paths to revenue diversification, and helped another product grow. CNTRD delivered value in two ways: (1) improving the firm’s ability to innovate using internal resources and (2) identifying millions of dollars in new revenue and helping them capture the new value using new strategies and tactics.
But this story does not have the perfect ending. After two years of successful work, CNTRD and Gateway drifted apart. Truthfully, we’re not sure what happened but we understand business has cycles. We do know that we received positive reviews for the work. The shared services were redesigned based on our model and new products, brands, and segments were launched based on CNTRD workshops and recommendations. It is similar to dating. Sometimes we just move on. Sometimes we get ghosted. Sometimes we do not know what to say.
