Innovation Readiness Sample Report

For more information on the study, please contact

Bryan Cassady : + 32 475 860 757 / [email protected]

Patrick Crasson: +32496708501 / [email protected]

This reports contains results for: SAMPLE

August 25, 2015

Developed in collaboration with

Sample Report

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Innovation Readiness Assessment

http://tiny.cc/innovassess

» Companies take about 25 minutes to complete a survey about their innovation practices

» We then match their replies with our research database

» What follows is sample report

This is a sample report …

Get your innovation assessment at this link:




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The goal of this assessment is to give you an objective/structured view on your organization's Innovation potential and opportunities for improvement.

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Over 200 articles The audit is based on work presented in over 200 academic articles.

Research has linked significantly higher levels of innovation and business performance to business philosophies, strategic alignment, business processes and organizational learning Culture and process are the drivers of innovation success. Our audit will help you assess your strengths / weaknesses…

Innovation Performance

Firm Performance

Attitudes Processes

Learning

Strategic Alignment

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» Over 40 one to one company interviews to validate questions and test questions found in over 200 academic articles

» A survey with 50 test companies Testing of initial questions and validation of the links to innovation performance.

» Benchmarks scores created through surveys run in over 200 companies

» April 2015 we updated the full research survey to better analyze disruptive and ongoing innovation success.

Research done to date

Compare your company to over 200 companies

across Europe

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It is important to note that correcting weaknesses is not always the best strategy. A lot of research on personal and corporate development shows companies can often achieve more by building on Strengths and Opportunities than by correcting Weaknesses....

Building on strengths:

Look for trends Don’t look at single questions look at

groups

Compare vs. Benchmarks

Some questions everyone scores low. Look at benchmarks

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Key results

In 6 Charts..

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Innovation can (rarely) happen by accident, but it usually doesn't. It can be a one-time event or a systemic process. Companies that invest in creating Innovation systems are usually driven by a hunger to do things better and differently. They are often led by people that are intellectually curious and have a desire to change the world. Innovation can also just be in a company's soul. A low score here is a warning sign. Possible solutions are to visualize the benefits of Innovation and look for quick wins to build confidence that your company can be innovative but also work on a diversification of the workforce in terms of skills/experience...

2.00

2.50

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4.00

4.50

5.00

5.50

6.00

6.50

Desire / Hunger Philosophies

Benchmark SAMPLE

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Entrepreneurial Orientation represents the processes, practices and decision-making which are embodied in the entrepreneurial process, closely linked at the level of an innovative business setup. We call it “Inno-Preneurship” .

A high measure of Entrepreneurial Orientation reflects the ability of a company to quickly and effectively identify opportunities to build its business in an innovative way, and to take advantage of these business opportunities. This is an important complement to the Innovation Readiness because it is not sufficient to be good at innovating - a company needs to be run in an entrepreneurial way to identify the business opportunities that are the triggers for innovation, and in particular for developing concretely , on an SMTM (Show Me The Money) way, new areas of business.

This chart shows how your company compares with all of the companies with a similar profile to yours, with regard to Entrepreneurial Orientation.

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1.00

2.00

3.00

4.00

5.00Autonomy

Competitive

Creativity

Risk Taking

Proactivity

Structure

Benchmark

SAMPLE

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Innovation activities need to fit in the context of the longer term direction of your company. A high score on this factor indicates that you have a very clear vision of the future of the business, you are continually planning to develop the business, and you are continually looking for ways to balance activities across the different areas of your company and, last but not least, innovation is concretely handled on the field as a strategic long term initiative. Board and C-Level executives should clearly be involved herewith.

3.00 3.50 4.00 4.50 5.00 5.50 6.00 6.50 7.00

Strategy alignment (OVERALL)

Align Targets

Top Support Innovation

Match Innovation overall strat.

Clear priorities

Action = values

Shared vision

Clear what business we are in

Future focus

SAMPLE Benchmark

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The habits OF INNOVATION SUCCESS are anchored in the DNA of a company. Successful innovators almost always have the right systems and processes in place to make innovation happen. The most important habits are : • Organizational Design • People Processes • Systems to select ideas • Customer Focus • Co-Creation • Eco-system management • Speed/results focus

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5.00

6.00People processes

OrganizationalDesign

Customer Focus

Co-creationEcosystem

Management

Speed / Resultsfocus

Systems to selectideas

Benchmark

SAMPLE

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Learning Orientation refers to organization-wide activity of creating and using knowledge to enhance competitive advantage. This includes obtaining and sharing information about customer needs, market changes, and competitor actions, as well as development of new technologies to create new highly competitive products that are by essence superior to those of competitors.

Your Learning Orientation influences what kind of information is gathered and how it is interpreted, evaluated, and shared. The 3 key components of learning orientation are 1/ Commitment to Learning 2/ Open-mindedness and 3/ Intra-organizational Knowledge Sharing.

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5.00

5.50

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6.50

Commitment to Learning Knowledge Sharing Open Minded

Benchmark SAMPLE

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Investments in Innovation and Innovation success are key to your long-term business viability Companies need to Innovate to stay competitive. If your company is not creating value through innovation, your days are numbered. The key to business success is usually built on the right balance of innovation and operational excellence.

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2.50

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3.50

4.00

4.50

InnovationResults Business Results

Benchmark SAMPLE

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COMPARISON

VS. BENCHMARKS

15

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http://tiny.cc/innovassess 16

Overall Score 74

Desire / Hunger 77

Philosophies 71

Autonomy 65

Competitive 38

Creativity 92

Risk Taking 78

Proactivity 63

Structure 97

Strategy alignment 61

People processes 80

Organizational Design 65

Customer Focus 38

Co-creation 72

Ecosystem Management 17

Speed / Results focus 57

Systems to select ideas 93

Commitment to Learning 63

Knowledge Sharing 93

Open Minded 53

74

Percentile Score

Desire / Hunger, Philosophies, Philosophies, Autonomy, Creativity, Risk

Taking, Proactivity, Structure, Strategy alignment, People processes,

Organizational Design, Co-creation, Systems to select ideas,

Commitment to Learning, Knowledge Sharing,

Competitive, Customer Focus, Ecosystem Management,

Strengths

Weaknesses

Step 2 Get the Basics Right

Pay particular attention to

Strategy First 61 Step 3 Build process and procedures

Hunger 77 Pay particular attention to

Philosophy 71 Speed 57

Learning Orientation * 70 Proactivity 63 Step 4 Entrepreneurial Orientation

General systems 61 Pay particular attention to

If issues, fix Customer focus 38 Risk Taking 78

Strategy alignment Ecosystem Management 17

Innovation training If issues, fix Structure 97

(For management and workers) All Stage 1 activities Creativity 92

Innovation Events Moments of truth

Invite Speakers Ask for ideas If issues, fix

Lean Start-up (learning training) Set up systems All Stage 1/2 activities

External Events Accleration programs Ask for more ideas

Reward Proactivity Create Sessions Hackathons

Coaching Ecosystem development

Tell them it is important and Innovation Sprints Celebrate risk taking

get them to believe … Reward Innovation Bring in Entrepreneurs

Reward Innopreneurship

Ask for ideas, push for speed

Build ideas and systems to test Expect Entrepreneurship, bring in

entrepreneurs/ partners to shake things up

Desire / Hunger, Philosophies, Philosophies, Autonomy, Creativity, Risk Taking, Proactivity,

Structure, Strategy alignment, People processes, Organizational Design, Co-creation,

Systems to select ideas, Commitment to Learning, Knowledge Sharing,

Step 1: Look at strengths to build on:

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Appendices

Companies in Benchmark 1 page report card

Full details

7

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LeasePlan

Overall Score 79

Desire / Hunger 50

Philosophies 66

Autonomy 68

Competitive 85

Creativity 67

Risk Taking 49

Proactivity 27

Structure 79

Strategy alignment 91

People processes 94

Organizational Design 67

Customer Focus 79

Co-creation 93

Ecosystem Management 97

Speed / Results focus 83

Systems to select ideas 80

Commitment to Learning 97

Knowledge Sharing 93

Open Minded 74

79

Percentile Score

Philosophies, Philosophies, Autonomy, Competitive, Creativity, Structure,

Strategy alignment, People processes, Organizational Design, Customer

Focus, Co-creation, Ecosystem Management, Speed / Results focus,


Open Minded,

Proactivity,

Strengths

Weaknesses

2.00

2.50

3.00

3.50

4.00

4.50

5.00

5.50

6.00

Desire / Hunger Philosophies

Benchmark LeasePlan

- 1.00 2.00 3.00 4.00 5.00 6.00 7.00

People processes

OrganizationalDesign

Customer Focus

Co-creationEcosystem

Management

Speed / Resultsfocus

Systems to selectideas

Benchmark

LeasePlan

3.00 3.50 4.00 4.50 5.00 5.50 6.00 6.50 7.00 7.50

Strategy alignment (OVERALL)

Align Targets

Top Support Innovation

Match Innovation overall strat.

Clear priorities

Action = values

Shared vision

Clear what business we are in

Future focus

LeasePlan Benchmark

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1.00

2.00

3.00

4.00

5.00Autonomy

Competitive

Creativity

Risk Taking

Proactivity

Structure

Benchmark

LeasePlan

2.00

3.00

4.00

5.00

6.00

7.00

8.00

Commitment to Learning Knowledge Sharing Open Minded

Benchmark LeasePlan

1.00

1.50

2.00

2.50

3.00

3.50

4.00

InnovationResults Business Results

Benchmark LeasePlan

Step 2 Get the Basics Right

Pay particular attention to

Strategy First 61 Step 3 Build process and procedures

Hunger 77 Pay particular attention to

Philosophy 71 Speed 57

Learning Orientation * 70 Proactivity 63 Step 4 Entrepreneurial Orientation

General systems 61 Pay particular attention to

If issues, fix Customer focus 38 Risk Taking 78

Strategy alignment Ecosystem Management 17

Innovation training If issues, fix Structure 97

(For management and workers) All Stage 1 activities Creativity 92

Innovation Events Moments of truth

Invite Speakers Ask for ideas If issues, fix

Lean Start-up (learning training) Set up systems All Stage 1/2 activities

External Events Accleration programs Ask for more ideas

Reward Proactivity Create Sessions Hackathons

Coaching Ecosystem development

Tell them it is important and Innovation Sprints Celebrate risk taking

get them to believe … Reward Innovation Bring in Entrepreneurs

Reward Innopreneurship

Ask for ideas, push for speed

Build ideas and systems to test Expect Entrepreneurship, bring in

entrepreneurs/ partners to shake things up

Desire / Hunger, Philosophies, Philosophies, Autonomy, Creativity, Risk Taking, Proactivity,

Structure, Strategy alignment, People processes, Organizational Design, Co-creation,


Step 1: Look at strengths to build on:

Developed in collaboration with

For more information on the study, please contact Bryan Cassady : + 32 475 860 757 / [email protected]

One page summary report