8 Essential Questions for Every Corporate Innovator

Identifying New Growth Opportunities

  1. What problem is the customer struggling to solve?
  2. Which customers can´t participate in a market because they lack skills, wealth, or convenient access to existing solutions?

Identifying the Threat of Disruption

  1. Where are we overshooting the market by providing features that users don´t care about and don´t want to pay for?
  2. If you were going to disrupt your company, how would you do it?

Designing Compelling Offerings

  1. Who

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What is a Business Model Innovation Questions

BMI begins by assessing the company’s current context, the needs of its customers, and the models of its competitors. These steps should be completed with sufficient clarity and honesty to reveal what is currently working, what is not, and what might constitute a better value proposition. To that end, we offer the following questions for executives and managers seeking to create a shared awareness of … [ Read more ]

The “Good Enough” Economy

Welcome to the “good enough” economy, where the likelihood that a technological innovation will be taken up depends on how well it answers six critical questions.

  1. How much better is this technology in terms of cost, functionality, “image” and other factors?*
  2. How compatible is the innovation with existing skills, values and work practices?
  3. How hard is your innovation to understand and use?
  4. Can you easily and affordably

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Innovative Technology Questions

  • Does the technology offer significant new ways of doing business?
  • Does the technology build on existing infrastructure to capture substantial new value?
  • Does the technology create a new technology platform that enables future applications?
  • Is the technology within reach for the company–stretching the organization’s capabilities but not forcing it outside of its envelope of possibility?
  • Can the company develop and implement the technology alone,

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Innovation Barometer Questions

One barometer for how innovative is your organization can be determined by answering the following questions with a yes or no.

  1. Has one person been chartered with the overall responsibility to manage the corporate-wide innovation process?
  2. Are there performance measures – both tangible and intangible – to assess the quality of your innovation practices?
  3. Do your training/educational programs have provisions to incubate and spin-out new

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Arthur D. Little Innovation Metrics Framework Questions

Metrics can be designed to measure performance in each of the model’s four interdependent elements:

  • Stakeholder Strategies. How well are we achieving the strategies designed to address the needs of each group of stakeholders? Are we doing the right things?
  • Process. How good are our critical innovation processes? Are we doing things right?
  • Resources. How appropriate are our internal resources and how effectively have we tapped

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Developing creativity in the workplace

  • Who is responsible for systematically collecting information on the external business environment?
  • How is it then distributed to those managers who can use it effectively in their work (and modify their current assumptions)?
  • How many departments besides R&D are judged on their ability to introduce innovations in their policies and procedures?
  • Does the organization provide training programs in both organizational leadership and creativity?

Source:
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Selling Your Innovative Idea

Decision-makers will inevitably see your idea from their own perspective. In other words, your idea must be expressed in terms that address the practical business concerns of the potential buyer. Below are hot button questions for C-level execs

  • Chief Executive Officer: Will it increase the value of the firm?
  • Chief Financial Officer: Where’s the return on investment?
  • Chief Operations Officer: Can we execute on this plan?
  • Chief Information Officer:

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Innovation Barometer

One barometer for how innovative is your organization can be determined by answering the following questions with a yes or no.

  1. Has one person been chartered with the overall responsibility to manage the corporate-wide innovation process?
  2. Are there performance measures – both tangible and intangible – to assess the quality of your innovation practices?
  3. Do your training/educational programs have provisions to incubate and spin-out new products

[ Read more ]