Think about your Bright Spots for growth...
Are you ready to innovate and want your organization to get smarter?
Most successful innovation programs start with some sort of formal or informal assessment. An assessment provides an objective view that can be used to put together an action plan to make innovation happen.
Our innovation assessment benchmark now includes over 300 companies.
Learn more in this presentation and then go to
www.fast-bridge.et/innovready/
To get your free Innovation Readiness Assessment.
2. ABOUT THE
ASSESSMENT
YOU GET
MORE OF
WHAT YOU
MEASURE…
The goal of this
assessment is to give
you an
objective/structured view
on your organization's
Innovation potential and
opportunities for
improvement.
3. THEORETICAL
BACKGROUND
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…
Strategic Alignment
Attitudes Processes
Learning
Innovation
Performance
Firm
Performance
4. OUR RESEARCH
DATABASE
• 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.
HOW WE VALIDATED THE SYSTEM
COMPARE YOUR COMPANY TO
OVER 200 COMPANIES ACROSS
EUROPE
5. INTERPRETING
RESULTS
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
COMPARE VS.
BENCHMARKS
Some questions everyone scores
low. Look at benchmarks
Some questions everyone
scores low. Look at
benchmarks
7. 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...
DO YOU REALLY WANT
TO INNOVATE ?
CHART # 1: ATTITUDE,
LEADERSHIP & CULTURE
2.0 0
2.50
3.0 0
3.50
4.0 0
4.50
5.0 0
5.50
6.00
Desire / Hunger Philosophies
Benchmark TEST
8. 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.
IS YOUR ORGANIZATION BE
DRIVEN BY AN
ENTREPRENEURIAL
MINDSET?
CHART #2:
ENTREPRENEURIAL
ORIENTATION
A utonomy
Com petitive
Creativity
Proact ivit y
Risk Taking
Struct ure
Benchmark
TEST
9. 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.
ARE YOU ALIGNED
FOR SUCCESS ?
CHART #3: STRATEGIC
ALIGNMENT
3.0 0 4.0 0 5.0 0 6.00 7.0 0 8.00
Strategy alignm ent (OVERALL)
A lign Target s
Top Support Innovat ion
Mat ch Innovation overall strat .
Clear priorities
A ct ion = values
Shared vision
Clear w hat business we are in
Future focus
TEST Benchmark
10. 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
JUST TALKING ABOUT
INNOVATION IS NOT
ENOUGH...
CHART # 4: OPERATING
PROCEDURES
YOU NEED TO DEVELOP THE HABITS OF
INNOVATION SUCCESS
-
1.00
2.0 0
3.0 0
4.0 0
5.0 0
6.00
7.0 0
People processes
Organizational Design
Customer Focus
Co-creationEcosystem Management
Syst ems to select ideas
Speed / Results focus
Benchmark TEST
11. IS YOUR ORGANIZATION
GETTING SMARTER?
CHART #5: LEARNING
ORIENTATION
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.
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00
Commitment to Learning Knowledge Sharing Open Minded
Benchmark TEST
12. PEOPLE AND
ORGANIZATIONS
BEHAVE LIKE THEY ARE
MANAGED AND
MEASURED …
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.
CHART #6:
INNOVATION & BUSINESS
PERFORMANCE
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
InnovationResults Business Results
Benchmark TEST
19. WHERE TO START…?
Analyzing the results of hundreds
of companies we have seen the
process of building successful
innovation is done step by step
Starting at step 1, look for issues.
If there are issues at any stage
work on fixing these first then
(only then) move on to the next
step.
STEP 1 The Basics OK
Strategy First 37 STEP 2 Build processes/ procedures
Hunger 32
Philosophy 37 Speed 33
Learning Orientation * 23 Proactivity 43 STEP 3 Entrepreneurial Orientation
General systems 41
If Issues, Fix Customer focus 11 Risk Taking 27
Strategy alignment Ecosystem Management 27
Innovation training If Issues, Fix Structure 79
(For management and workers) All Stage 1 activities Creativity 60
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
* learning orientation is a complied score of Ask for ideas, push for speed
Build ideas and systems to test Expect Entrepreneurship, bring in
entrepreneurs/ partners to shake things up
Look At Strengths To Build On:
Commitment to Learning, Know ledge Sharing and
Open Minded
Pay Particular Attention To
Pay particular attention to
Pay particular attention to
Creativity, Structure, Co-creation,
20. MOVING FOWARD
Key Learnings Hypotheses To Test
Not in the individual trial
Report
Not in the individual trial
Report
22. APARTIAL LIST OF COMPANIES IN THE RESEARCH BENCHMARK
AAVO Crown Advice IBA Openway Europe Smartsearch
Access Business Group DDCOutsourcing Solutions Inacademy Orange Solvyns
Action Mind Dima Center Incopro Bvba Packo Inox Spleen Creation
Aenbv DMSSWE Incorporated Angels Panos Shop Start it@KBC
Agc Glass Europe Donaldson ING Partena Strategia Group
Agoko Dts Insites Peps Synthetron
Alaska Group Eastman Chemicals Interexport Ltd Peruse Sytorus
Aliseos Ecoteda iText Group Peter Koestenbaum Inc Taminco
All Things Talk Edf Luminus KBC Pipol Tav
Amadeus Editions De L'Avenir Kimoto Consultancy Ltd Plethon TBC-Post
AMG Efarmz Kluwer Poczta Polska TEConnectivity
Aramark Elavon Koestenbaum Pollet Water Group Teach For Belgium
Architempo Elearning Company Leaseplan Prayon Telenet
BEA Electrabel Les Editions De L'Avenir Procter And Gamble Terra Venture Partners
Before The Hype Engie Linea Coaching Province Of Flemish Brabant Test-Achats
Bekaert Essensium L'Oreal Proximus The Conference Board
Bekaert Textiles Eurekaranch Lotus Bakeries PWCconsulting The Founders Institute
Belgacom Euro Consumers Lowagie PWG These Days / Y&R
Bisnode Belgium European Innovation Academy Make Sense Media QAP Thrombogenics
Bleckom Consulting Factor-X Meessen De Clercq Reader Stage Oy Tijian Teda Committee- Eco Center
BMS Fern Valley Megamitch Financial Rexprom TVH
BNPParibas FHPL Mercuri Urval Rightsource Global U-Sentric
Bpost Fiberplanit Metis Ripple Aerospace Vacancesweb
Breosla Final Metis Instruments Robert Walters Valassis Ltd
Brussels Airport Company Flemish Government Microsoft Sabic Valesta
Carrières Du Hainaut Fountain Mitel Saraco VBN
CGK-Group Fundrazr Mobistar Sayang Wines Vulev
Cityplug GDF Suez Msmg SD Worx Westartup
Clear Channel GETIndustries M-Team Sebeco Wits
Clicpublic Good Morning Asia Ltd N-Allo Sibelco Wolters Kluwer
Colruyt Group Grant Thornton Newfin Pharmaceuticals Pvt Ltd Sioen Industries World Line
Conference-Board HEI Niko Group Siveco Worldvu Llc
Connectionpoint Howest Octopux Skryv Xintec
CoRe Hudson Open Way Group Swing Guru Zentrick
23. Overall Score 38
Desire / Hunger 32
Philosophies 37
Autonomy 11
Competitive 52
Creativity 60
Proactivity 43
Risk Taking 27
Structure 79
More Information Strategy alignment 37
People processes 54
Organizational Design 43
Customer Focus 11
Co-creation 93
Ecosystem Management 27
Speed / Results focus 33
Systems to select ideas 15
Commitment to Learning 10
Knowledge Sharing 49
Open Minded 10
This report was developed via a collaboration between many experts in Innovation.
For more information on the study, please contact
Bryan Cassady : + 32 475 860 757 / bryan@fast-bridge.com
LEARNING ORIENTATION INNOVATION & BUSINESS PERFORMANCE
Percentile
Score Strengths Creativity, Structure, Co-creation,
38 Weaknesses
Autonomy, Risk Taking, Customer Focus,
Ecosystem Management, Systems to select
ideas, Commitment to Learning, Open Minded,
INNOVATION READINESS ASSESSMENT
TEST
ATTITUDE, LEADERSHIP & CULTURE ENTREPRENEURIAL ORIENTATION
STRATEGIC ALIGNMENT OPERATING PROCEDURES
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00
Desire / Hunger Philosophies
Benchmark TEST
- 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00
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
TEST Benchmark
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00
Commitment to Learning Knowledge Sharing Open Minded
Benchmark TEST
2.00
3.00
4.00
5.00
6.00
7.00
People processes
Organizational
Design
Customer Focus
Co-creation
Ecosystem
Management
Systems to select
ideas
Speed / Results
focus
Benchmark
TEST
-
1.00
2.00
3.00
4.00
5.00
Autonomy
Competitive
Creativity
Proactivity
Risk Taking
Structure
Benchmark
TEST
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
InnovationResults Business Results
Benchmark TEST
STEP 1 The Basics OK
Strategy First 37 STEP 2 Build processes/ procedures
Hunger 32
Philosophy 37 Speed 33
Learning Orientation * 23 Proactivity 43 STEP 3 Entrepreneurial Orientation
General systems 41
If Issues, Fix Customer focus 11 Risk Taking 27
Strategy alignment Ecosystem Management 27
Innovation training If Issues, Fix Structure 79
(For management and workers) All Stage 1 activities Creativity 60
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
* learning orientation is a complied score of Ask for ideas, push for speed
Build ideas and systems to test Expect Entrepreneurship, bring in
entrepreneurs/ partners to shake things up
Look At Strengths To Build On:
Commitment to Learning, Know ledge Sharing and
Open Minded
Pay Particular Attention To
Pay particular attention to
Pay particular attention to
Creativity, Structure, Co-creation,
One page summary