The Magic Wand Index allows us to see if our solution is closer to being ‘magic’, or closer to being ‘meh’. It’s based on 5 factors that we can measure to determine a score for each – the higher the overall score, the closer the solution is to being ‘magic’.
The 5 factors are: Relevance – the solution has to be relevant to the people using it. It has to have a Benefit to those people, and deliver a decent Return On Investment. (Which could be measured in terms of time input, as well as money). The solution has to be based on a Simple process, and be as Quick to achieve results as is possible. In the next 5 videos I’ll look at each of these factors in turn, based on the two perspectives of patient and sponsor.