Covid-19 business threat challenges

For Planbox clients, collaborative problem-solving through Online Innovation Labs is the go-to solution.

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Planbox’s Covid-19 Business Threat Challenge Starters consist of Challenge Focus Topics updated in real-time to reflect current events, as well as our customers’ most pressing priorities, concerns and requirements. Keep checking back for new focus topics as they arise in response to new challenges brought on by the coronavirus outbreak, or view the press release to learn how Planbox customers are taking the fight against Covid-19 online. Read the Press Release

Leveraging the power of the crowd

Whether we like to admit it or not, the Covid-19 pandemic is having significant impacts on companies and individuals alike. Since the start of the outbreak, we’ve been thrust into a vicious circle of uncertainty where shutdown orders, physical distancing, employee absences and salary/budget cuts have dramatically increased, which in turn has dwindled engagement and delayed decision-making on the part of employees, customers, partners and suppliers.

Right now, one of the most widely talked-about practices to overcome these sudden setbacks is leveraging the power of the crowd to identify the best ideas and develop the best solutions for your organization’s most pressing challenges. This can be achieved by crowdsourcing your immediate network of employees, customers and partners, or by involving your broader ecosystem of startups, researchers and virtual networks of problem solvers.

Create mutually beneficial business outcomes

Building and maintaining meaningful engagement between different crowds will allow your organization to discover the best opportunities to focus on, identify emerging trends and threats, develop new solutions, and make more informed decisions that ultimately create mutually beneficial business outcomes in these turbulent times.

That’s why we put together a set of Challenge Focus Topics to support these outcomes in your organization as the coronavirus outbreak continues to evolve. Just as we shared them with our own community, we now want to share them with you to support your organization in its efforts to effectively develop winning solutions in response to any setbacks it may experience as a result of the pandemic. After all, collaborative problem solving is key, especially in times of uncertainty.

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Don’t let physical distance get in the way: explore the open innovation solution Planbox customers quickly turned to to maintain participation, facilitate coordination and streamline meaningful engagement with employees, customers partners and suppliers around ideation initiatives in areas of advanced research, rapid prototyping and commercialization.

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Innovation in response to current events

Challenge Focus Topic #1

The business outcome of this challenge is to find game changers, new inspirations and innovation opportunities that we had not thought about before based on current emerging trends.

Challenge Statement

Covid-19 is resulting in significant changes in our society. Virtual work, social distancing, reduced travel and digital format for events and conferences are quickly being adopted as common practices by an increasing number of organizations.

Consider how this health pandemic has changed perception and perspective on our company, customers and strategic partners. What changes do you recommend we make on how we operate given this quickly shifting landscape of interaction, collaboration and work? What changes do you recommend we make for our customers to make their lives better?

The best ideas are:

  • Successfully implemented in a timely manner to respond to current trends and market realities

Idea Form Questions

In addition to title and description, we recommend idea form questions such as:

  • How do you recommend your idea be implemented?
  • How would your idea positively impact overall costs or productivity
  • What would the impact of your idea be to our customers and fellow employees?

Review Criteria

To select the top ideas to implement, we recommend the following criteria:

  • Whether the implementation can be done in a timely manner to the identified emerging trends
  • Greatest impact on employee productivity and engagement
  • Greatest impact on customer satisfaction and retention
  • Large revenue opportunity

Cost reduction

Challenge Focus Topic #2

The business outcome of this challenge is to reduce short term costs during this current cycle, which likely has financial implications for the current year. This helps your company have a quick, proactive response and be in a strong position to ride out this cycle of uncertainty.

Challenge Statement

As the markets fluctuate in our industry and across the globe, we would like to encourage our team to proactively look for ways to reduce our operating costs. For the next two weeks, share your ideas and comments around how we can reduce our costs for the remainder of 2020.

The best ideas are: