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INNOVATION READINESS

BETA

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BEGINNERS • MASTERS • EXPERTS
We have little We have some We occasionally We frequently We have profound
experience or knowledge, but lack work this way and work this way and experience and deep
knowledge about experience with this have some have substantial practical knowledge
this way of working way of working knowledge and knowledge and
experience experience
Leadership Support
STRATEGIC GUIDANCE
A clear innovation strategy Our leadership does not There is some strategic Our leadership provides clear
provide any strategic guidance for innovation but it is strategic guidance to which all
that defines where to play
guidance for innovation unclear and not widely known innovation projects align

RESOURCE ALLOCATION
Allocation of resources There are no official There are some resources, for Our leaders ensure that there are
resources for innovation innovation but these are insufficient protected budgets, time and
available for innovation resources for innovation.
projects available and not protected.

PORTFOLIO MANAGEMENT
Exploring new opportunities We are exclusively focused We make some We consistently explore future
on improving and exploiting inconsistent investments in growth by investing in an
running the core business the core business exploring the future. innovation pipeline, starting with
many small bets and gradually
investing more over time

Organizational Design
LEGITIMACY AND POWER
Status of innovation teams Innovation projects have Innovation projects have Innovation has an important
no official legitimacy within to continuously fight position in the company’s
and projects in organization the organization for the right to exist organizational chart

BRIDGE TO THE CORE


There is conflict between The core business and innovation We have clear policies that help
Access to resources between the core business teams occasionally collaborate innovation teams collaborate
and skills and innovation teams on ad-hoc projects with the core business

REWARDS INCENTIVES
Innovation does not have a We have some incentives Innovation has a dedicated
Dedicated incentives dedicated incentive system that is in place to encourage incentive system that is different
system different from the core business innovation from the core business

Innovation Practice
INNOVATION TOOLS
Use of innovation tools We do not use business Business model, lean startup or Business model, lean startup or
across the organization model, lean startup or design design thinking tools are used in design thinking tools are widely
thinking tools for innovation pockets of the organization used in our organization

PROCESS MANAGEMENT
A process for innovating Our processes are linear and Our processes are optimized
We occasionally use iterative
from idea to scale require detailed business plans processes and metrics to for innovation and we
with clear financial projections manage innovation systematically measure the
reduction of risk in new ideas
SKILLS DEVELOPMENT
The training of innovation We don’t develop skills in We only train some specialized We systematically develop world
skills and experience innovation within our organization staff and coaches in innovation class innovation talent with
extensive innovation experience
across the organization

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