NuChem

Inside Out – encouraging innovative thinking within an organisation.

 

Challenge

Nuchem manages a range of Priceline-branded pharmacies, Nuchem-branded pharmacies, and several medical centres in Queensland and New South Wales.

Nuchem’s strategic focus was on:

  • Overall business innovation to boost competitiveness in the QLD and NSW markets.
  • Identifying and implementing some (unknown) changes to accelerate their competitive advantage.
  • Being systematic about innovation.

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Solution

 

  • The Impact Innovation Group’s InnoModules program provided a structured approach to identify key challenges facing the organisation, the resources available to implement new ideas, and potential approaches to develop the optimal ideas for enhancing organisational outcomes.
  • An international perspective ensured key challenges from the US market were also identified.
Outcomes

 

  • 340 challenge responses to open-ended questions were collected, resulting in ~1700 ideas which varied from ‘known’ possibilities to ‘outliers’ – the out-of-left-field ideas not previously considered.
  • 10 ‘outliers’ were identified and assessed against implementation criteria, including required resources, timeframe and impact. Eight were chosen for immediate implementation and two were put on a ‘for further assessment’ list because they required changes to legal agreements before they could take effect.

SMEs we have worked with:

The Impact Innovation Group provides the corporate rigour that many of our early stage ventures require. They provide the timely, on-demand inputs that assist us to achieve our capital raising and licensing objectives.

Dr Dean Moss CEO
UniQuest Pty Limited
The Targeted Innovation Management System delivered outstanding innovations that have been simple to implement, while enhancing our bottom-line.

Ryan Clerihew NuChem Pty Ltd
The ongoing support of the Impact Innovation Group in engaging with industry across a range of robotic, motion sensor and nano technologies has greatly enhanced our commercialisation efforts.

Gary Heyden Former Director of Deakin Research Commercial
The Impact Innovation Group’s structured approach to innovation greatly assisted our grant application with Commercialisation Australia as well as the ongoing implementation of our business strategy.

Clint Ramsay Director of NeoRehab Pty Ltd
As an investor, your approach to identifying ideas to ‘bypass bottlenecks’ is a refreshing change.

Peter Riikonen Director of BioHerbicides Australia Pty Ltd
Brian was a guest speaker at one of our client events. His presentation resonated with our audience and attracted a very high satisfaction rating when we polled guests afterwards, especially for his delivery style and solid grounding in the topic of maximising the return on innovation investment.

Ross Patane Managing Partner, Crowe Horwath Australia

Email enquiry
Brisbane + 61 (0)7 3041 1128
Sydney + 61 (0)2 8078 6934
Melbourne + 61 (0)3 8618 6998
Adelaide + 61 (0)8 8180 0610
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