BUILD YOUR INNOVATION CAPABILITIES
This is based on the methods and tools of Innovation360 Group. This is being used under license from Innovation360 Group as a licensed practitioner and IMBB Innovation Management Black Belt™️
Organizations can improve innovation capability significantly if they can adopt one practice from their quality and operations excellence journey; engage employees in innovation.
Engaging employees in innovation requires a systematic process of capability building that includes developing an innovation management system as well as developing employee capabilities to carry out innovation.
We observe that organizations can create a big innovation impact by systematically designing an innovation management system. We have identified 12 elements to make this happen
Create clear linkage of innovation goals to business strategy
Identify strategic direction for innovation
Create an owner from the leadership team and make him the innovation evangelist
Create an effective innovation governance structure with clear goals
Create a transparent process for generation of ideas and selection of attractive concepts
Create a process for incubating selected concepts to become new business
Create a transparent and open platform for capturing ideas, knowledge and insights
Create an innovation playbook of tools and methods for employees to use and train them
Provide coaching and facilitation support for innovation project teams
Allow people to take time for engaging in innovation efforts. Provide a budget for such activities
Reward innovators and innovation efforts
Run campaigns regularly to promote innovation efforts
We help develop the innovation capabilities using a fact-based approach, aligned with the ambition of the organization
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Every organization today has some innovation effort going; some innovation projects, ideation programs and even some sort of innovation labs. Unfortunately, it is not sufficient to innovate once, organisations need to build capabilities to innovate over and over again. Our innovation assessment service assists the organisation in understanding their innovation capabilities.
The innovation assessment is done using the Innovation360 framework, based on Magnus Penker’s work. We examine 3 key elements of an organisations innovation capabilities; Why, What and How of innovation
Source: Innovation360 Group
Do we innovate for profit or market share or both?
Do we innovate incrementally or radically?
Do we depend on market trends
Do we focus on understanding and fulfilling customer needs
Is the innovation driven by superior technological understanding?
TYPE OF INNOVATION
Traditional focus of innovation has always been product. However, innovation can be of many types and organisations need to carefully select the type of innovation.
How can you innovate the way you make money (business model, networks)?
How can you innovate your core and enabling processes?
How can you innovate the offerings (product performance, product systems and services)?
How can you innovate your delivery of product and services?
HOW TO INNOVATE
Innovation is not an art, it’s a science and can be approached in a systematic fashion. We examine how the organisation approaches innovation.
What style of leadership suits your innovation strategy?
What innovation capabilities and tools does your organisation need and have?
How is the innovation process managed?
We use the InnoSurvey®, an analytical platform developed by Innovation360 Group, Sweden, to carry out innovation assessment. The tool provides a systematic assessment of the organization's capabilities and provides a roadmap for developing sustainable capabilities.
The InnoSurvey® uses the world’s largest database on innovation; 1000 companies in 62 countries, and provides insights into how the best companies in the world approach the challenge of staying relevant in 3 horizons; short term of 1 to 2 years, medium-term of 3 to 5 years and long term of greater than 5 years.
The assessment is based on a research-based 92 question survey, that takes feedback from management, employees and external stakeholders (board, suppliers & customers) regarding the organization's ability to innovate new solutions, products, processes, business model, etc. Alignments between strategy, leadership, culture, capabilities, and competencies are explored and highlighted
The assessment also provides an innovation footprint based on 66 capabilities giving a clear view of your strengths and weaknesses as well as providing global benchmarks.
In addition, the analytics capabilities of the platform help answer important questions;
Does the organization have an innovation strategy aligned with a strategic focus in different horizons?
Is the leadership style aligned to enable the strategy?
How are capabilities aligned with focus areas in different horizons?
If you would like to take an innovation assessment click here
Build Capability to Experiment and Generate Ideas
Utilize a Non-Linear Approach to Ideation
Ideation and creativity have been at the forefront of innovation. However, for this to result in innovation organizations need a robust process for ideation management.
Six Key Steps in Making Ideation Programs Work
1. Connect ideation to Strategy
2. Create well-articulated ideation campaigns
3. Lower barrier to submit ideas - use technology
4. Create transparency and feedback around ideation
5. Connect ideas and create clusters
6. Evaluate all ideas through a hypothesis based approach
Source: Innovation360 Group
Ideation360 platform developed by Innovation360 Group allows us to do all of these and deliver a robust ideation program
A Seemless Experience
Innovation 360’s SaaS ideation management platform runs on AI-powered software that allows you to collect, cluster and link ideas to strategic initiatives via mobile, desktop and tablet
Fully SaaS based web platform
No implementation cost
Modern, fast and lightweight
Delightful user experience
Highest IT security
Encrypted storage in trusted data centres
Local storage available
Unlimited number of users
No geographical limitations
System integrations if required
Watch how our ideation solution works
Speak to Krishnan on how we can help you with your ideation management