Innovation Portfolio Planning Action Plan and Next Steps

  • 21 August 2016
  • 533.14 KB
  • Version: 1.0
  • Author: Kevin Grant
Innovation Portfolio Planning Action Plan and Next Steps

Build a Team

  • The right skills are critical but not sufficient
  • They must be organized and managed in the right way, with the right mandate, and under the conditions that will help them succeed
  • One of the most important decisions will be how closely to connect the skills and associated activities with the day-to-day business

Innovation Team Characteristics

  • Select the right people– diverse, creative, complementary
  • Select your team for who they know as well as what they know
  • Pick one leader and provide him or her the autonomy they need to be successful
  • Have an ethnographer on the team to observe consumer behaviors and generate insights around their unmet needs
  • Build a team that can identify gaps in the market & markets in the gaps
  • Find team members who tell great stories
  • Understand the difference between good and bad conflict
  • The team thinks like a startup entrepreneur
  • Team members are fully committed
  • Supplement the innovation core team with external experts that inspire

Metrics

  • Innovation Team Characteristics
  • Select the right people– diverse, creative, complementary
  • Select your team for who they know as well as what they know
  • Pick one leader and provide him or her the autonomy they need to be successful
  • Have an ethnographer on the team to observe consumer behaviors and generate insights around their unmet needs
  • Build a team that can identify gaps in the market & markets in the gaps
  • Find team members who tell great stories
  • Understand the difference between good and bad conflict
  • The team thinks like a startup entrepreneur
  • Team members are fully committed
  • Supplement the innovation core team with external experts that inspire

Metrics Do's

  • Innovation Team Characteristics
  • Select the right people– diverse, creative, complementary
  • Select your team for who they know as well as what they know
  • Pick one leader and provide him or her the autonomy they need to be successful
  • Have an ethnographer on the team  to observe consumer behaviors and generate insights around their unmet needs
  • Build a team that can identify gaps in the market & markets in the gaps
  • Find team members who tell great stories
  • Understand the difference between good and bad conflict
  • The team thinks like a startup entrepreneur
  • Team members are fully committed
  • Supplement the innovation core team with external experts that inspire