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Turn Ideas Into Outcomes: A Framework for Maturing Your Innovation Portfolio

Innov8rs

Problem: Game-Changing Ideas Get Stuck at Square One Without a reliable system for testing early-stage ideas, orgs are leaving innovation ROI on the table. Gartner has found that business leaders underfund transformational projects by ~33% due to ineffective innovation project evaluation methods. This is our baseline.

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Constructing the innovation mandate

Paul Hobcraft

The basic needs of an innovation mandate should include: Innovation Mandate for [XXXX Organization Name] – an example Vision and Objectives : Our vision is to be a leader in innovation, delivering breakthrough solutions that create value for our customers, employees, and shareholders.

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Rating Your Innovation Program: Vanity Metrics vs. True Impact

Moves the Needle

How do you measure the success of your innovation program? You are measuring website traffic, video views, innovation team sign-ups, etc. When it comes to measuring the success of your innovation program, engagement in the real world and observed behavior change are primary. Getting the numbers right is crucial.

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Developing an Effective Innovation Process: Benefits, Steps & Secrets for Success 

Qmarkets

Establishing the right innovation process to deliver on your enterprise company-wide strategy can be a real challenge, but it is crucial to the success of any innovation program. All of these need to be used at the right time, and in the right way, so that your innovation program delivers maximum value at minimum cost.

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Four Ways to Refine Your Innovation Process

IdeaScale

Listening is key to innovation. Just like innovation itself, an innovation program is constantly being shaped by the environment around it over time. A good innovation program absorbs new information and ideas constantly. So how do you refine it? Look For Feedback. The same is true of roles.

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Is Your Company Culture Anti-Innovation?

IdeaScale

Making space for experimental activities can have enormously positive consequences for new ideas – most famously Google’s 20% rule ( employees spend 80% of their time on the job they were hired for but have freedom to spend 20% of their time on any other project they want ) – after all gmail was a 20% time project originally.

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Your Innovation Program Recipe for Success: The Three Essential Ingredients

Qmarkets

Alongside the building blocks, these should be guided by the principles of speed, agility, better leadership, and resilience. Innovation Ecosystems Ideation is a powerful tool for innovation, but often this is the area where an organization’s innovation strategy starts and ends.