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How Honeywell replaced gut-feel investment decisions with evidence-based growth

David Pires
March 26, 2026
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 min read

Honeywell's teams were spending weeks perfecting slide decks for investment reviews, only to get grilled on technical details while the real business questions went unasked. Leadership had no shared framework to separate strong evidence from gut feel, and projects labelled "too big to fail" kept advancing without proof anyone would pay.

When Suresh Venkatarayalu, SVP and CTO of Honeywell Connected Enterprise, decided to fix this, he brought in Strategyzer. Over the next year, four growth symposiums across Munich, Shanghai, Bangalore, and Charlotte transformed how teams prepare, present, and defend their growth ideas.

Companies that are prepared for disruption are constantly reinventing themselves. They don’t believe they are invincible. The main task of leadership today is to constantly reinvent your organisation.”

The challenge

Honeywell's teams spent weeks polishing slide decks for investment reviews, only to get grilled on technical details. Customer evidence stopped at voice of customer.

Leadership had no shared framework to evaluate projects, so conversations defaulted to technology scrutiny rather than market proof.

Several projects were flagged as "too big to fail" with no way to assess actual evidence.

The solution

Strategyzer and Honeywell co-created a playbook that replaced slides with five structured business artifacts: customer ecosystem map, customer profile, value scenes, financial prototype, and known unknowns.

Teams prepared on the Strategyzer platform with asynchronous coaching, then presented evidence-scored ideas at the growth symposium.

The format iterated across four events over one year.

The impact

Teams went from weeks of slide iteration to focused, artifact-based preparation in days.

Leadership adopted a shared evidence framework, replacing technical grilling with evidence-based questions.

Multiple under-validated projects were killed or redirected.

The cultural shift spread beyond the symposiums as teams across the organisation began gathering deeper customer evidence before pursuing technical solutions.

Why PowerPoints needed to die to foster real growth

Honeywell is an engineering-led organisation. Its teams are technically sophisticated and deeply invested in the solutions they build. But when it came time to present growth projects to leadership, the conversation had a recurring pattern.

Teams would spend weeks preparing a single PowerPoint slide, what they called a "one-pager", iterating it across stakeholders, refining the message, and rehearsing the pitch. Then they would arrive at the investment review and, as Maxwell Johnson put it, "get hosed."

The problem was not effort. It was orientation. Teams naturally defaulted to talking about their technology, why Honeywell could build something others could not. Customer evidence, when it existed, was limited to voice of customer: interviews and surveys capturing what people said they wanted.

"Our customer evidence began and ended with what folks said."

Maxwell Johnson, Senior Director of Product Management, Honeywell

Leadership, meanwhile, wanted to grill the teams, in a positive way, to make sure they truly understood the market. But without a shared framework, those conversations defaulted to scrutinising technical details, whether commercial or engineering. The most fundamental business questions, who is the real customer, what problem are we solving, and do we have proof anyone will pay for this, often went unasked.

Several projects were flagged internally as "too big to fail." Yet no one had a clear way to assess how much real market evidence supported them.

From shadow pre-work to structured artifacts in three weeks

Strategyzer and Honeywell co-created a playbook, not a deck template, but a step-by-step process that guided teams through the fundamental business questions before the growth symposium.

The design principle was simple. Skip the lengthy e-learning. Get teams applying concepts to real projects immediately.

"Nobody has time for e-learning. We immediately got the teams to work, map out a customer, map out a business model, map out the unknowns."

Alex Osterwalder, Founder & CEO, Strategyzer

Teams prepared five business artifacts on the Strategyzer platform:

  • Customer ecosystem map, identifying end users, decision-makers, purchasing departments, and channel partners, then selecting the most critical stakeholder for the idea to succeed
  • Customer profile, the top jobs, pains, and gains for that key stakeholder
  • Value scenes, a storyboard showing how the project creates value for the customer
  • Business model and financial prototype, a simple three-year projection of revenue, costs, and required investment
  • Known unknowns, an explicit map of what the team still does not know
The Business Artefacts used at the Growth Symposium to Create Shared Language

Maxwell Johnson and his colleague Larry Marturano coached 10 to 15 teams per symposium through three weeks of pre-work. Previously, they would review a finished one-pager and send back a wall of feedback. Teams would then reverse-engineer corrections back to the beginning.

The playbook changed this. Because the work was decomposed into individual artifacts on the platform, coaches could give feedback at each step, asynchronously, at the moment of need.

At the symposium itself, slides were banned. Teams presented directly from their artifacts on the platform. The format was tight: 30 seconds on the big idea and customer, one minute on jobs, pains, and gains, 30 seconds on the evidence supporting their customer understanding, then the value proposition, financials, and remaining unknowns.

Each section was accompanied by an evidence score. Teams had to show what level of evidence they had, from level one (customer opinions) to level five (real-world customer behaviour), for each aspect of their idea.

Watch: Inside the Honeywell growth symposium with Alex Osterwalder and Maxwell Johnson

From our webinar with Maxwell Johnson, Senior Director of Product Management at Honeywell. Watch the full session

When "mature" projects turned out to be level two

Some of Honeywell's most established projects looked mature on paper. When teams scored their evidence against the five-level framework, the picture changed. Projects that had extensive voice-of-customer data turned out to sit at level one or two, opinions, not validated behaviour.

"We had some projects where we felt like they were in an extremely mature state, only to realise we've really just stopped with what people say."

Maxwell Johnson, Senior Director of Product Management, Honeywell

This recalibration led to projects being killed, which Maxwell Johnson described as a positive outcome. Better to learn from evidence than to invest further in assumptions.

The Five Level of Evidence

How shared language stopped the technical grilling problem

The most immediate effect of the framework was on the conversations between teams and leadership. When everyone speaks the same language, customer jobs, pains, gains, levels of evidence, say versus do, the discussion stays focused on what matters.

"It enables a logical conversation between different levels in the organisation. We're all speaking English now."

Maxwell Johnson, Senior Director of Product Management, Honeywell

Leadership appreciated the framework because it structured their feedback. Instead of defaulting to technical scrutiny, they could ask evidence-based questions: what level of evidence do you have for desirability? For viability? Where are the gaps?

Suresh Venkatarayalu, SVP & CTO, Honeywell — on shifting from slide decks to evidence-based decision-making at scale

Learning by doing replaced the classroom

Honeywell already had a robust learning programme for engineers and product managers through the Offering Management Academy. But much of it was classroom-based or e-module driven. The playbook approach integrated learning directly into the work.

Short concept videos of three to five minutes, followed by immediate application to real projects. Each step built on the previous one. Teams were doing their actual work while learning the methodology.

The impact extended beyond the four events. People across the organisation started thinking about evidence before jumping to technical solutions, a shift Maxwell Johnson credited with reducing R&D waste. Teams also reported feeling they had a more meaningful way to demonstrate the value of their work, whether the project ultimately succeeded or not.

"People are thinking about evidence now and they're thinking about how they can explore ideas before we get to the technical solution, which is really eliminating a lot of our R&D waste."

Maxwell Johnson, Senior Director of Product Management, Honeywell

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Want to run your own growth symposium?

We do these kinds of workshops and sprints with organisations that want to invest in a more customer-centric, evidence-based way. Not just better slides. Clear thinking. Real evidence. Better growth decisions.

We co-create the playbook with your team, structure the pre-work on the Strategyzer platform, and facilitate the symposium so your leadership and teams have a shared language to evaluate which projects deserve investment and which ones need more evidence.

Honeywell iterated through four symposiums across four cities to build a robust, repeatable format. You do not need to start from scratch. We will build on what your teams already know and help them take the next step.

Schedule a strategy call.

by 
David Pires
March 26, 2026
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It was a tremendous amount of work and we are extremely thankful to the whole team at Strategyzer. We learnt so much: three years ago we didn't really know how to start, and now I think we have built robust program that generations after us can continue to run.”
Henning Till
Head of Corporate Innovation, Bayer
4 cities
Munich, Shanghai, Bangalore, Charlotte
10-15
teams per symposium coached through the playbook
3
weeks of structured pre-work replaced months of slide iteration
5 levels
of evidence gave leadership a shared framework to assess every project
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