Phillips & Co. is an innovation consultancy firm based in Lake Forest, Illinois, dedicated to assisting companies in developing breakthrough products, brands, and businesses. Established in 2003, the firm emphasizes a lean approach to innovation, integrating strategy, creativity, and agility to expedite the launch of high-return innovations. Their clientele encompasses established mid-sized and large companies, as well as non-profit organizations.
Key Strategic Focus
Phillips & Co. specializes in comprehensive innovation programs and offers services designed to support existing innovation teams. Their core offerings include strategic planning, consumer and customer insight development, ideation, prototype development, concept testing and refinement research, innovation culture programs, and innovation and ideation training. The firm employs proprietary methodologies such as InsightStream™, a custom iPad-based research system that accelerates market research by combining qualitative and quantitative data collection within a condensed timeframe.
Leadership Team
The firm is led by Matt Phillips, who serves as President. With over 20 years of experience, Matt has delivered more than 500 keynotes and workshops globally. He holds an MBA from Kellogg School of Management and is a graduate of Second City Improv. His leadership focuses on fostering a culture of innovation and strategic facilitation.
Competitor Profile
Phillips & Co. operates in the competitive landscape of innovation consulting and business strategy services. Notable competitors include:
- Crane + Grey: A marketing and advertising company providing market research and strategic services for campaigns.
- Aeron Branding: A brand consulting and design firm.
- Ricardo Botelho Marketing: A marketing agency.
- TakeAway Agency: A company offering marketing communication services.
These firms offer overlapping services in market research, strategic planning, and brand consulting, positioning them as direct competitors to Phillips & Co.
Strategic Collaborations and Partnerships
Phillips & Co. has engaged in significant collaborations to enhance its market position and innovation capacity. For instance, the firm partnered with Paramount Pictures' COO to design and facilitate a week-long innovation summit on a soundstage at Paramount's backlot. This event convened nearly 200 experts, including Silicon Valley entrepreneurs, movie industry leaders, top internet content producers, venture capitalists, and technologists, to develop breakthrough business models and customer experiences for Paramount.
Operational Insights
Phillips & Co. differentiates itself through a lean approach to innovation, blending strategy, creativity, and agility to launch high-ROI innovations faster. Their proprietary methodologies, such as InsightStream™, enable clients to make informed decisions rapidly, providing a competitive edge in the innovation consulting industry.
Strategic Opportunities and Future Directions
Looking ahead, Phillips & Co. aims to continue expanding its service offerings and client base by leveraging its expertise in innovation consulting. The firm plans to further develop its proprietary methodologies and tools to enhance the efficiency and effectiveness of its innovation programs. By maintaining a focus on strategic planning, consumer insights, and agile development, Phillips & Co. is well-positioned to assist clients in navigating the rapidly evolving business landscape.
Contact Information
For more information about Phillips & Co., please visit their LinkedIn profile.
