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THE INNOVATION INDEX
Your Innovation Journey Starts Here! Discover your organization’s INNOVATION INDEX™ and gain insight into what is holding back explosive growth and breakthrough ideas.
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1
TEAM:
COLLABORATION - Our teams work well together and have healthy conflict
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2
TEAM:
EXECUTION - Our teams execute well when given a project or a task
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3
TEAM:
FOLLOW THROUGH - Our teams do a good job of finishing the initiatives we start
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4
TEAM:
COMMUNICATION & SILOS - Our teams do a good job of breaking down the silos so everyone can work together cross-functionally
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5
LEADERSHIP:
FOCUS - The executive team sees innovation as a top-down initiative important to the entire organization
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6
LEADERSHIP:
ORGANIZATIONAL STRATEGY - The executive team is trusted to craft and execute the organizational strategy
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7
LEADERSHIP:
EMPOWERMENT - The executive team empowers our teams to make decisions
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8
LEADERSHIP:
TACTICAL CLARITY - The executive team provides us with clear direction so that everyone understands their role and what they need to deliver
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9
IDEATION:
INNOVATION FRAMEWORK - My company has an innovation process or framework
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10
IDEATION:
INTAKE FRAMEWORK - My company has an intake process to collect ideas from the entire organization
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11
IDEATION:
RISK - My company is willing to take on risk in order to launch new ideas
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12
IDEATION:
FAILURE - My company embraces failure as part of the innovation process (failing does not mean you're fired)
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13
IDEATION:
SUCCESS METRICS - My company has clear success metrics when launching a new idea
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14
FUNDING:
NEW PRODUCTS AND SERVICES - My company has released a new product or service in the last 3 years that equates to at least 15% of the overall revenue
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15
FUNDING:
FUNDING DESIGNATIONS - My company has a line item designation or department that focuses on innovation
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16
FUNDING:
IDEATION FUNDING - My company has adequate funding to see an idea through from prototype to launch
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17
STRATEGY:
CUSTOMER ENGAGEMENT - My company regularly engages customers to understand their needs and we deliver solutions around those ever-changing needs
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18
STRATEGY:
INFRASTRUCTURE - My company has set up a strong foundation from which it is easy to build and deploy software products and services
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19
STRATEGY:
TECHNOLOGY - My company has the ability to take the feedback from customers and leverage the assets from IT to execute on the business strategy
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20
STRATEGY:
BUSINESS STRATEGY - My company has a clearly articulated business strategy for innovation
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21
STRATEGY:
MARKET POSITION - My company has positioned us well in the marketplace and we are seen to have credibility
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22
Demographic Information
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23
SCORE
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24
NOVICE
It's great that you are taking this assessment. What you are realizing is that what got you here will not get you where you want to go next. Whether your competition is picking up strength or you are just seeing overall declining market share because of new industries and technologies emerging, now is your time. This is your time and your chance to disrupt the way you think and do business and even the way you've thought about the organization. At this stage, you need to invest heavily in your leadership and teams. Once these are healthy, turn your attention to strategies. New ideas best surface in healthy ecosystems. To learn more about creating healthy collaboration and engagement, view our resources and reach out to us now.
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25
PACESETTER
You are well on your way to being a company that focuses on innovation. What you may find is that you're riding closer to the middle of the pack than you'd like. If you are looking to differentiate yourself or stand out, you can't afford to wait any longer. New industries and technologies emerge every day that will challenge your existence. If you are finding that your leadership and teams are in a fairly healthy place, then it's time for you to accelerate the way you are looking at your strategy. Map out your customer journey and focus on ensuring your technology can scale with the growth you want to see. If you were to experience the success you wanted overnight, could you scale it or would it break the organization? To learn more about scaling your organization for innovation, view our resources and reach out to us now.
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26
ACHIEVER
You may find in many areas that you stand out from the pack but you are never satisfied with "good enough" when you know that "great" is just around the corner. Your organization is in an ideal position to accelerate quickly with real focus. If you have healthy leaders, teams, and solid strategies, then it's time to up the ante. Let's move innovation to the forefront of your organization and invest not only in ideas, but the processes needed to ensure those ideas see the light of day. Create a cross-functional team that focuses on what this could and should look like for your organization. This team must be proven in its ability to bring things from ideation to execution. To learn more about cross-functional teams that focus on innovation, view our resources or contact us now.
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27
TRAIL BLAZER
In order to be a trailblazer, you have to be above average in multiple areas. This either means your team is still small and nimble or you are just very intentional as an organization. Either way, congratulations on making it this far. What most innovative organizations find is that they have to constantly disrupt or they will be disrupted. At this stage, we ask trailblazing innovators to question everything. Is there a more efficient way you could be organized, leading, and running the organization? How does your innovation and ideation processes work today? Can it be better? This is the phase where you must invest holistically in being wiser, faster, and more nimble than those coming up behind you. The impressive part is that you possess the dynamics to do the work when others don't. We find our trailblazers don't waste a ton on time patting themselves on the back. Rather, they are busy climbing the next hill. To learn more about why most innovative companies question everything, view our resources and reach out to us now.
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