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How Mature Is Your Innovation Management? A Framework to Assess Your Innovation Process

How Mature Is Your Innovation Management? A Framework to Assess Your Innovation Process

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Today, more than ever, product innovation is critical to maintaining competitiveness in today's fast-paced, global market. Yet, as market studies show, many companies find it hard to assess and advance their ability to innovate across the product portfolio. The Innovation Management Maturity Model™ is a framework for assessing a company’s innovation program encompassing the people, processes and tools needed to speed time to market. See how you rank against over 700 product development professionals across the globe who evaluated their innovation management maturity using this model in the Fourth Product Portfolio Management Benchmark Study (conducted by Appleseed Partners and Open Sky Research and commissioned by Planview). Rank Your Company's Innovation Management Maturity in less than five minutes Download the White Paper A New Framework for Assessing Your Innovation Program: Introducing the Innovation Management Maturity Model™ by Planview White Paper Screenshot: Introducing the Innovation Management Maturity Model™ by Planview

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Page 1: How Mature Is Your Innovation Management? A Framework to Assess Your Innovation Process

How Mature Is Your Innovation Management?A Framework to Assess Your Innovation Process

Page 2: How Mature Is Your Innovation Management? A Framework to Assess Your Innovation Process

© 2014 Planview, Inc. | 2

Product innovation is critical to maintaining

competitiveness in today’s fast-based,

global market.

Page 3: How Mature Is Your Innovation Management? A Framework to Assess Your Innovation Process

© 2014 Planview, Inc. | 3

Leaders must encourage teams to plant the seeds of innovation and

nurture them to maturity.

Page 4: How Mature Is Your Innovation Management? A Framework to Assess Your Innovation Process

© 2014 Planview, Inc. | 4

Introducing a New Way to Measure Innovation Management Maturity

The Innovation Management Maturity Model ™ by Planview will help you: – Define where you are today– Decide where you want to go– Develop a strategy for how to get there

Page 5: How Mature Is Your Innovation Management? A Framework to Assess Your Innovation Process

© 2014 Planview, Inc. | 5

How the Model WorksOrganizations rank themselves in the categories of people, processes, and tools across five levels of maturity.

Level 1 Level 2 Level 4Level 3 Level 5

Page 6: How Mature Is Your Innovation Management? A Framework to Assess Your Innovation Process

© 2014 Planview, Inc. | 6

Why Is Using a Model Important?

Level 1 Level 2 Level 4Level 3 Level 5

Page 7: How Mature Is Your Innovation Management? A Framework to Assess Your Innovation Process

© 2014 Planview, Inc. | 7

Brings Objectivity to the Process

There may be discrepancies in terms of where people think the company is in the maturity process.

What management thinksWhat product development thinks

Page 8: How Mature Is Your Innovation Management? A Framework to Assess Your Innovation Process

© 2014 Planview, Inc. | 8

Establishes the Necessary Culture

Gain agreement across the organization and establish culture to support change.

Agreement that organization is currently at this level of maturity

Agreement that organization wants to reach this level of maturity

Page 9: How Mature Is Your Innovation Management? A Framework to Assess Your Innovation Process

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1) Quickly assess your organization’s maturity level:Innovation Management Maturity Model

2) Download the white paper:A New Framework for Assessing Your Innovation Program: Introducing the Innovation Management Maturity Model™ by Planview

3) Learn how your organization compares to others globally:Fourth Product Portfolio Management Benchmark Study

Next Steps?