Types of innovation                       business model innovation                      product & service innovation     ...
(   idea creation    in the mind                    ) (                 idea commercialisation act   )                    ...
The process or activities by which a company adds value to an article.
Generation   Conversion   Diffusion
GenerationInternal    Cross-unit   External
ConversionEvaluation   Development
DiffusionMarket introduction
“A company’s capacity to innovate … …as good as the weakest link in its      innovation value chain.”
LINK             SUB-LINK       WEAK LINK IF…                 Internal   Employees dont generate ideas, little            ...
Creative,    Structured,unstructured    managed  concepts      execution
Creative,               Structured,unstructured               managed  concepts                 execution               So...
creative techniques & organisation-                             specific creative content and idea                        ...
The Novixo Innovation Funnel:    Initial                 Idea             Project              Project              Projec...
Required features: Innovation Management Application  Functional                   Technical  • Management of ideas from  ...
comprehensive reporting totrack idea progress
Qualitative:                   Opinions - strength                   of 5 pillarsQuantitative:Factual; precise
Novixo, your idea lab   innovation management software
Novixo, your idea lab   innovation management software
Novixo, your idea lab   innovation management software
Novixo, your idea lab   innovation management software
Novixo, your idea lab   innovation management software
Novixo, your idea lab   innovation management software
Novixo, your idea lab   innovation management software
Novixo, your idea lab   innovation management software
Novixo, your idea lab   innovation management software
Novixo, your idea lab   innovation management software
Novixo, your idea lab   innovation management software
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Novixo, your idea lab innovation management software

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The South African developed innovation management software, Novixo. Presentation by Mareli Steyn from Fourier Approach. Presented at the 4th SA Innovation Summit in 2011. Novixo, your idea lab.

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Novixo, your idea lab innovation management software

  1. 1. Types of innovation business model innovation product & service innovation process innovation technology innovation
  2. 2. ( idea creation in the mind ) ( idea commercialisation act ) (Princeton University)
  3. 3. The process or activities by which a company adds value to an article.
  4. 4. Generation Conversion Diffusion
  5. 5. GenerationInternal Cross-unit External
  6. 6. ConversionEvaluation Development
  7. 7. DiffusionMarket introduction
  8. 8. “A company’s capacity to innovate … …as good as the weakest link in its innovation value chain.”
  9. 9. LINK SUB-LINK WEAK LINK IF… Internal Employees dont generate ideas, little Cross-unit collaboration between employees No platformIdea Generation No open innovation strategy (no / little to formally External sourcing of ideas from customers, capture competitors, etc) Criteria too strict (kill ideas) or too loose (swamped Evaluation with ideas outside competency)Idea Conversion Ideas rarely converted into marketable Development products/services MarketIdea Diffusion Developed ideas rarely generate profits introduction
  10. 10. Creative, Structured,unstructured managed concepts execution
  11. 11. Creative, Structured,unstructured managed concepts execution Software
  12. 12. creative techniques & organisation- specific creative content and idea campaigns via e-mailinternal & cross-unit collaboration
  13. 13. The Novixo Innovation Funnel: Initial Idea Project Project Project Assessment Evaluation Planning Execution EvaluationPeer Review 1st Evaluation Classification Pilot Project Project EvaluationInitial Assessment Classification Feasibility Study Pilot Feedback Lessons Learnt Business Case Exco Review Review Readiness Rewards 2nd Evaluation Budget Allocation Project Execution Allocated Resources
  14. 14. Required features: Innovation Management Application Functional Technical • Management of ideas from • Configurable submission to execution • Scalable • Idea campaigns • E-mail notifications • Comprehensive reporting • SaaS / Enterprise installation • User friendly • Active / Sequel directory • Open Innovation module • Company branding • Reward allocation
  15. 15. comprehensive reporting totrack idea progress
  16. 16. Qualitative: Opinions - strength of 5 pillarsQuantitative:Factual; precise

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