The Challenge
An entertainment company was experiencing stagnation with several long-term projects. One product had been in development for over three years without reaching completion. The company needed a strategic push to realise these projects and generate new revenue streams, especially during a period of low income for their business.
The Approach
In order to tackle this issue, we introduced growth workshops and coaching sessions, with a focus on using collaborative and innovative approaches to bring projects to life. We divided the employees into groups and tasked each group with the responsibility of creating and implementing a project within the workshop’s guidelines, aimed at fostering the company’s growth.
Key elements of our approach included:
- Organising teams to promote creativity and accountability in project development.
- Providing structured coaching to guide the teams through the process of bringing their ideas to fruition.
- Encouraging innovative thinking to identify new revenue opportunities and streamline project completion.
The Solution
The growth workshops and coaching sessions led to significant breakthroughs for the company. Key outcomes included:
- A product that had been in development for over three years was completed and launched in just two months, immediately generating revenue for the company.
- The development of an innovative mobile digital experience for escape rooms is a groundbreaking product that created a new revenue stream during a challenging period for the business.
- The initiation and implementation of additional projects that had been stalled, leading to the creation of new offerings for the company.
Through these efforts, the company discovered new sources of revenue that had previously gone untapped, effectively addressing cash flow and revenue issues. The workshops and coaching not only sped up project completion, but also cultivated a culture of innovation and proactive problem-solving. This significantly enhanced the company’s ability to generate income and revenue.