STEPHEN WUNKER

Costovation

Innovation That Lowers Cost and Lifts Customer Delight

STEPHEN WUNKER

Costovation

Innovation That Lowers Cost and Lifts Customer Delight

About Costovation

Costovation is a practical system for lowering costs while delighting customers. The book distills three traits: breakthrough perspective, relentless focus, and blurring boundaries, and a 20-strategy playbook spanning product design, how you make, move, and sell, plus ecosystem partnerships. Case studies such as Planet Fitness, Benihana, Wayfair, Algramo, and Primark show how to simplify offers, run asset-light models, and turn operations into experiences customers value. Use this page to learn what Costovation is, when to use it, and how to apply it step-by-step, then connect it to your roadmap through our related services 

What You'll Learn

The Three Traits of Costovation 


The book outlines three defining characteristics shared by cost-innovative companies: 


  • Breakthrough Perspective – Challenge assumptions and spot overlooked opportunities by asking, “What do customers really value?” 

  • Relentless Focus – Double down on what matters most to customers and eliminate everything that doesn’t. 

  • Blurring Boundaries – Break silos between design, operations, and marketing to make efficiency and delight work together. 

The 20-Strategy Playbook


Discover twenty actionable strategies organized into five areas of innovation: 


  • Product & Service Design – Simplify offerings without sacrificing appeal. 

  • Production – Rethink how things are made for leaner operations. 

  • Distribution – Adopt asset-light, direct-to-consumer, or digital-first models. 

  • Sales & Experience – Turn operations into part of the customer experience. 

  • Partnerships – Use ecosystems to share risk and reduce fixed costs. 

3. Case Studies Across Industries 


From Planet Fitness and Benihana to Wayfair, Primark, and Build-A-Bear, Costovation offers vivid examples of how leaders deliver better experiences at lower cost. 

4. Practical Takeaways You Can Apply Today 


  • Identify where your company’s “feature creep” hides profits. 

  • Redesign customer journeys for simplicity and value. 

  • Build innovation systems that scale efficiency across teams. 

  • Innovate confidently—even during downturns. 

free Resource

Download the Introductory Guide to Costovation 

Focus on delivering exactly what customers want instead of chasing feature overload or costly differentiation. 

Unlock new market opportunities by reframing industry assumptions and identifying hidden efficiencies across operations, delivery, and partnerships. 

Build resilience against competition and economic shifts by combining affordability with delight, transforming constraint into a powerful innovation advantage. 

table of contents

01


Part one: Introduction to Costovation 


  1. What Costovation Is and Why It Matters 

02


Part two: Three traits of Cosotvation 


  1. Breakthrough Perspective 


  1. Relentless Focus: Zoom In! 


  1. Willingness to Blur Boundaries: Innovating Beneath the Surface 

03


Part Three: Costovation strategy playbook 


  1. Twenty Strategies and Tactics  

04


Part Four: The greater context 


  1. Diagnostic: Seven signs that yout industry is ripe for costovation 


  1. How costovation fits in with the rest of your strategy  

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Available on Amazon

Costovation solves the dilemma of how to spend less and innovate more. The book's revolutionary approach broadens the definition of innovation beyond products to the business model itself. With costovation, you let go of assumptions, take a fresh look at the market, and relentlessly focus on what customers really want

Frequently Asked Questions

1. What is Costovation?

Costovation is innovation that lowers costs while enhancing customer delight. It’s not about cutting quality or slashing budgets—it’s about rethinking how products and services are designed, delivered, and experienced. The approach helps companies simplify intelligently, focusing on what customers truly value while removing unnecessary expense and complexity.

1. What is Costovation?

Costovation is innovation that lowers costs while enhancing customer delight. It’s not about cutting quality or slashing budgets—it’s about rethinking how products and services are designed, delivered, and experienced. The approach helps companies simplify intelligently, focusing on what customers truly value while removing unnecessary expense and complexity.

1. What is Costovation?

Costovation is innovation that lowers costs while enhancing customer delight. It’s not about cutting quality or slashing budgets—it’s about rethinking how products and services are designed, delivered, and experienced. The approach helps companies simplify intelligently, focusing on what customers truly value while removing unnecessary expense and complexity.

1. What is Costovation?

Costovation is innovation that lowers costs while enhancing customer delight. It’s not about cutting quality or slashing budgets—it’s about rethinking how products and services are designed, delivered, and experienced. The approach helps companies simplify intelligently, focusing on what customers truly value while removing unnecessary expense and complexity.

Who are the authors of Costovation?

The book is written by Stephen Wunker and Jennifer Luo Law of New Markets Advisors, global experts in innovation and growth strategy. They’ve advised Fortune 500 firms and fast-growing startups on how to combine customer insight with lean business design to achieve profitable innovation.

Who are the authors of Costovation?

The book is written by Stephen Wunker and Jennifer Luo Law of New Markets Advisors, global experts in innovation and growth strategy. They’ve advised Fortune 500 firms and fast-growing startups on how to combine customer insight with lean business design to achieve profitable innovation.

Who are the authors of Costovation?

The book is written by Stephen Wunker and Jennifer Luo Law of New Markets Advisors, global experts in innovation and growth strategy. They’ve advised Fortune 500 firms and fast-growing startups on how to combine customer insight with lean business design to achieve profitable innovation.

Who are the authors of Costovation?

The book is written by Stephen Wunker and Jennifer Luo Law of New Markets Advisors, global experts in innovation and growth strategy. They’ve advised Fortune 500 firms and fast-growing startups on how to combine customer insight with lean business design to achieve profitable innovation.

What makes Costovation different from other innovation books?

Unlike traditional innovation guides that emphasize breakthrough technology or premium products, Costovation focuses on creating value through simplicity. It shows how operational design, customer empathy, and cost discipline can work together to unlock competitive advantage and sustainable growth.

What makes Costovation different from other innovation books?

Unlike traditional innovation guides that emphasize breakthrough technology or premium products, Costovation focuses on creating value through simplicity. It shows how operational design, customer empathy, and cost discipline can work together to unlock competitive advantage and sustainable growth.

What makes Costovation different from other innovation books?

Unlike traditional innovation guides that emphasize breakthrough technology or premium products, Costovation focuses on creating value through simplicity. It shows how operational design, customer empathy, and cost discipline can work together to unlock competitive advantage and sustainable growth.

What makes Costovation different from other innovation books?

Unlike traditional innovation guides that emphasize breakthrough technology or premium products, Costovation focuses on creating value through simplicity. It shows how operational design, customer empathy, and cost discipline can work together to unlock competitive advantage and sustainable growth.

What types of companies can apply Costovation?

Any organization—large or small—can use Costovation. The book features examples from diverse sectors including fitness (Planet Fitness), hospitality (Yotel), retail (Primark), and e-commerce (Wayfair). The principles apply equally to B2B and B2C settings, across both established firms and startups.

What types of companies can apply Costovation?

Any organization—large or small—can use Costovation. The book features examples from diverse sectors including fitness (Planet Fitness), hospitality (Yotel), retail (Primark), and e-commerce (Wayfair). The principles apply equally to B2B and B2C settings, across both established firms and startups.

What types of companies can apply Costovation?

Any organization—large or small—can use Costovation. The book features examples from diverse sectors including fitness (Planet Fitness), hospitality (Yotel), retail (Primark), and e-commerce (Wayfair). The principles apply equally to B2B and B2C settings, across both established firms and startups.

What types of companies can apply Costovation?

Any organization—large or small—can use Costovation. The book features examples from diverse sectors including fitness (Planet Fitness), hospitality (Yotel), retail (Primark), and e-commerce (Wayfair). The principles apply equally to B2B and B2C settings, across both established firms and startups.

How is Costovation different from cost-cutting?

Cost-cutting focuses on short-term savings; Costovation focuses on long-term advantage. It’s about designing smarter systems and experiences that deliver high customer value at low cost. The book’s “Is / Is Not” framework makes this distinction clear—Costovation simplifies strategically, not destructively

How is Costovation different from cost-cutting?

Cost-cutting focuses on short-term savings; Costovation focuses on long-term advantage. It’s about designing smarter systems and experiences that deliver high customer value at low cost. The book’s “Is / Is Not” framework makes this distinction clear—Costovation simplifies strategically, not destructively

How is Costovation different from cost-cutting?

Cost-cutting focuses on short-term savings; Costovation focuses on long-term advantage. It’s about designing smarter systems and experiences that deliver high customer value at low cost. The book’s “Is / Is Not” framework makes this distinction clear—Costovation simplifies strategically, not destructively

How is Costovation different from cost-cutting?

Cost-cutting focuses on short-term savings; Costovation focuses on long-term advantage. It’s about designing smarter systems and experiences that deliver high customer value at low cost. The book’s “Is / Is Not” framework makes this distinction clear—Costovation simplifies strategically, not destructively

6. How can leaders start implementing Costovation?

The book outlines a 20-strategy playbook and three core traits—Breakthrough Perspective, Relentless Focus, and Blurring Boundaries—to help teams identify where to simplify and innovate. Leaders can begin by mapping customer “jobs to be done,” spotting unnecessary complexity, and piloting simplified offerings that maintain or even improve satisfaction.

6. How can leaders start implementing Costovation?

The book outlines a 20-strategy playbook and three core traits—Breakthrough Perspective, Relentless Focus, and Blurring Boundaries—to help teams identify where to simplify and innovate. Leaders can begin by mapping customer “jobs to be done,” spotting unnecessary complexity, and piloting simplified offerings that maintain or even improve satisfaction.

6. How can leaders start implementing Costovation?

The book outlines a 20-strategy playbook and three core traits—Breakthrough Perspective, Relentless Focus, and Blurring Boundaries—to help teams identify where to simplify and innovate. Leaders can begin by mapping customer “jobs to be done,” spotting unnecessary complexity, and piloting simplified offerings that maintain or even improve satisfaction.

6. How can leaders start implementing Costovation?

The book outlines a 20-strategy playbook and three core traits—Breakthrough Perspective, Relentless Focus, and Blurring Boundaries—to help teams identify where to simplify and innovate. Leaders can begin by mapping customer “jobs to be done,” spotting unnecessary complexity, and piloting simplified offerings that maintain or even improve satisfaction.

About The Authors

​Stephen Wunker is the Managing Director of New Markets Advisors, a global consulting firm that develops growth strategies for innovators such as Meta and the Mayo Clinic. A pioneer in mobile marketing and payments, he led the development of one of the world's first smartphones. As a longtime collaborator with the late Clayton Christensen, Harvard Business School's legendary scholar of business disruption, Stephen played a key role in refining and applying his theories of Disruptive Innovation and Jobs to be Done. He has worked across sectors to help large organizations identify major opportunities and move quickly, despite legacy systems or cultural resistance.

Jennifer Luo Law 

Jennifer Luo Law leads women’s health initiatives on the Strategy and Venture team at Philips, where she advances innovation in maternal and infant health. Her work spans clinical and consumer solutions that close care gaps for underserved mothers and families. A member of the Massachusetts Maternal Health Task Force and March of Dimes Board, Jennifer has advised the U.S. Department of Health & Human Services on maternal mental health. A former innovation consultant, Fulbright alumna, and award-winning author, she is recognized globally for her leadership in inclusive, purpose-driven healthcare innovation. 

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Praise for Costovation

"Being “low cost” and being “innovative” are two universal aspirations, but there is exceptionally little information about companies that satisfactorily do both. Costovation is brimming with guidance on how to apply innovation principles deep within your business, helping you both nail your market and shield against competitors."

Vijay Govindarajan , Coxe Distinguished Professor of Management

"Being “low cost” and being “innovative” are two universal aspirations, but there is exceptionally little information about companies that satisfactorily do both. Costovation is brimming with guidance on how to apply innovation principles deep within your business, helping you both nail your market and shield against competitors."

Vijay Govindarajan , Coxe Distinguished Professor of Management

"Being “low cost” and being “innovative” are two universal aspirations, but there is exceptionally little information about companies that satisfactorily do both. Costovation is brimming with guidance on how to apply innovation principles deep within your business, helping you both nail your market and shield against competitors."

Vijay Govindarajan , Coxe Distinguished Professor of Management

"Being “low cost” and being “innovative” are two universal aspirations, but there is exceptionally little information about companies that satisfactorily do both. Costovation is brimming with guidance on how to apply innovation principles deep within your business, helping you both nail your market and shield against competitors."

Vijay Govindarajan , Coxe Distinguished Professor of Management

"I have found Costovation to be the first book to bring together affordability and innovation with such a focus and in an easy-to-apply context that can work for companies large and small. Based on their extensive research, the authors reveal patterns behind the glitzy successes and thus show leaders and innovators how to make it happen in their organizations."

Henning Trill ,Head of Corporate Innovation

"I have found Costovation to be the first book to bring together affordability and innovation with such a focus and in an easy-to-apply context that can work for companies large and small. Based on their extensive research, the authors reveal patterns behind the glitzy successes and thus show leaders and innovators how to make it happen in their organizations."

Henning Trill ,Head of Corporate Innovation

"I have found Costovation to be the first book to bring together affordability and innovation with such a focus and in an easy-to-apply context that can work for companies large and small. Based on their extensive research, the authors reveal patterns behind the glitzy successes and thus show leaders and innovators how to make it happen in their organizations."

Henning Trill ,Head of Corporate Innovation

"I have found Costovation to be the first book to bring together affordability and innovation with such a focus and in an easy-to-apply context that can work for companies large and small. Based on their extensive research, the authors reveal patterns behind the glitzy successes and thus show leaders and innovators how to make it happen in their organizations."

Henning Trill ,Head of Corporate Innovation

"Costovation is a must-read if you are looking to beat the cost curve and build businesses that deeply resonate with customers without breaking their wallets. It is bursting with new case studies, step-by-step processes, and practical applications."

Jonathan Brill ,Global Futurist

"Costovation is a must-read if you are looking to beat the cost curve and build businesses that deeply resonate with customers without breaking their wallets. It is bursting with new case studies, step-by-step processes, and practical applications."

Jonathan Brill ,Global Futurist

"Costovation is a must-read if you are looking to beat the cost curve and build businesses that deeply resonate with customers without breaking their wallets. It is bursting with new case studies, step-by-step processes, and practical applications."

Jonathan Brill ,Global Futurist

"Costovation is a must-read if you are looking to beat the cost curve and build businesses that deeply resonate with customers without breaking their wallets. It is bursting with new case studies, step-by-step processes, and practical applications."

Jonathan Brill ,Global Futurist

"The fast-paced world of delivering quality workplace health and wellness services is both rewarding and complex, and we are constantly thinking about how to maintain our disruptive innovation advantage. Costovation provides us with the roadmap to do so, helping us to exceed our customers’ needs by rethinking price, value, and delivery models. A must-read for each of us that desires to create true meaningful and sustainable value."

Crockett Dale ,CEO

"The fast-paced world of delivering quality workplace health and wellness services is both rewarding and complex, and we are constantly thinking about how to maintain our disruptive innovation advantage. Costovation provides us with the roadmap to do so, helping us to exceed our customers’ needs by rethinking price, value, and delivery models. A must-read for each of us that desires to create true meaningful and sustainable value."

Crockett Dale ,CEO

"The fast-paced world of delivering quality workplace health and wellness services is both rewarding and complex, and we are constantly thinking about how to maintain our disruptive innovation advantage. Costovation provides us with the roadmap to do so, helping us to exceed our customers’ needs by rethinking price, value, and delivery models. A must-read for each of us that desires to create true meaningful and sustainable value."

Crockett Dale ,CEO

"The fast-paced world of delivering quality workplace health and wellness services is both rewarding and complex, and we are constantly thinking about how to maintain our disruptive innovation advantage. Costovation provides us with the roadmap to do so, helping us to exceed our customers’ needs by rethinking price, value, and delivery models. A must-read for each of us that desires to create true meaningful and sustainable value."

Crockett Dale ,CEO

STEPHEN WUNKER

Costovation

Innovation That Lowers Cost and Lifts

Download Introduction

STEPHEN WUNKER

Costovation

Innovation That Lowers Cost and Lifts

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New Markets Advisors © 2025 

Our Offices

50 Franklin St,

2nd Floor,

Boston, MA 02110, US

151 San Francisco St,

Suite 200,

San Juan, PR 00901, Puerto Rico

Rua Antónia Andrade 4,

3 Direito,

1170-025 Lisboa, Portugal

Privacy Policy

Terms of Service

New Markets Advisors © 2025 

Our Offices

50 Franklin St,

2nd Floor,

Boston, MA 02110, US

151 San Francisco St,

Suite 200,

San Juan, PR 00901, Puerto Rico

Rua Antónia Andrade 4,

3 Direito,

1170-025 Lisboa, Portugal

Privacy Policy

Terms of Service

New Markets Advisors © 2025 

Privacy Policy

Terms of Service

New Markets Advisors © 2025 

Our Offices

50 Franklin St,

2nd Floor,

Boston, MA 02110, US

151 San Francisco St,

Suite 200,

San Juan, PR 00901, Puerto Rico

Rua Antónia Andrade 4,

3 Direito,

1170-025 Lisboa, Portugal

Get In Touch

+1 617 936 4035

info@newmarketsadvisors.com