Project Innovative Index
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Instructions: All entries are blocked except the black numbers on the far right under "You?" Rate your enterprise from 0.0 to 1.0.
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Practice of Innovation - Project Innovative IndexVCCompanyUniversityYou?
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Senior Leadership1.000.750.800.00
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Engagement: Enthusiastic and active support of the initiative; works to involve and empower the team and improve the initiative's performance1.00.80.80.0
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Best practices: Assures the use of innovation best practices, provides necessary resources with staff training and development1.00.70.80.0
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Important Customer Needs1.000.830.670.00
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Important need: The initiative addresses a critically important customer and market need, not just an interesting problem1.00.80.60.0
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White space: The market and technology ecosystem is understood and a new "white space" opportunity within the "3-Cs" is identified1.00.90.60.0
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Overall ecosystem: It is clear how this need fits within the overall market, trends, business models, and competition1.00.80.80.0
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Unique, Compelling Approach1.000.800.600.00
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Key insights: A few “key insights” into the identified important need are identified that explain why it has not been solved before1.00.80.70.0
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Working hypotheses: Compelling working hypotheses for both the approach and business model is developed based on the key insights1.00.70.70.0
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Risk mitigation: All possible risks have been eliminated before R&D funding begins: initial R&D funding is first used to eliminate major remaining risks1.00.90.50.0
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Bring-it-to-life: The initiative is vividly presented so as to be easily understood and remembered, communicated, and improved1.00.70.50.0
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Plan: There are clear milestones and metrics for performance1.00.90.60.0
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Benefits per costs0.950.800.550.00
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Benefits per costs: The potential benefits and costs of the initiative’s output are clearly articulated and, where possible, quantified and visualized 1.00.90.50.0
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Competitive advantage: A factor of 2 to 10 improvement in a critical parameter is possible when compared to the competition and alternatives0.90.70.60.0
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Competition and alternatives1.000.750.500.00
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Competition: It is clearly understood why the approach is unique and greatly superior to both the competition and alternatives, both day and looking forward
1.00.80.60.0
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Sustainable advantage: The solution and/or business model is protected, for example, from strong intellectual property1.00.70.40.0
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Innovation Champions0.830.800.830.00
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Champions: Project leads are passionate, get it done, no excuses professionals for their parts of the initiative1.00.80.90.0
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Skills: They understand and apply the principles of value creation0.70.70.70.0
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Values: They share and satisfy the Motivation Mantra -- achievement, involvement, and empowerment0.80.90.90.0
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Innovation Teams0.950.750.630.00
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Best team: The team is composed of the best professionals and partners in their respective areas from both inside and outside the enterprise1.00.80.70.0
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Collaboration: The team satisfies the 3-Legged Stool of Collaboration -- shared vision, unique complementary skills, and shared rewards1.00.70.70.0
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Human values: The team exhibits the human values required for intense, productive collaboration, the 3 Imperatives -- respect, integrity, and generosity of spirit
0.80.80.60.0
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Incentives: Metrics and other incentives are in place to motivate productive output1.00.70.50.0
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Value Creation0.900.730.550.00
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Best practices: The team aggressively learns and uses value-creation best practices0.80.70.50.0
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Value propositions: All team mates use the NABC value proposition framework0.90.70.40.0
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Value-creation forums: Recurring, facilatated, team learning and improvement forums are held with all key champions and teams0.90.70.40.0
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Open access: The larger enterprise is "transparent" so the team has rapid access to all required information and resources1.00.80.90.0
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Total potential for systematic innovative success68%13%3%0%
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Copyright Practice of Innovation, LLC 2017 Not to be copied or distributed in any form without written permission from Curtis Carlson.
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