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For more information on the study, please contact
Bryan Cassady : + 32 475 860 757 / bryan@fast-bridge.com
Patrick Crasson: +32496708501 / Patrick.crasson@benovate.biz
This reports contains results for: SAMPLE
August 25, 2015
Developed in collaboration with
Sample
Report
.
.
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:
http://tiny.cc/innovassess
.
.
The goal of this assessment is to give you an objective/structured
view on your organization's Innovation potential and
opportunities for improvement.
.
.
Innovation Readiness Assessment
http://tiny.cc/innovassess
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
.
.
Innovation Readiness Assessment
http://tiny.cc/innovassess
» 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
.
.
Innovation Readiness Assessment
http://tiny.cc/innovassess
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
.
.
Innovation Readiness Assessment
http://tiny.cc/innovassess
Key results
In 6 Charts..
7
.
.
Innovation Readiness Assessment
http://tiny.cc/innovassess
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
3.00
3.50
4.00
4.50
5.00
5.50
6.00
6.50
Desire / Hunger Philosophies
Benchmark SAMPLE
.
.
Innovation Readiness Assessment
http://tiny.cc/innovassess
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.
-
1.00
2.00
3.00
4.00
5.00
Autonomy
Competitive
Creativity
Risk Taking
Proactivity
Structure
Benchmark
SAMPLE
.
.
Innovation Readiness Assessment
http://tiny.cc/innovassess
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
.
.
Innovation Readiness Assessment
http://tiny.cc/innovassess
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
2.00
3.00
4.00
5.00
6.00
People processes
Organizational
Design
Customer Focus
Co-creation
Ecosystem
Management
Speed / Results
focus
Systems to select
ideas
Benchmark
SAMPLE
.
.
Innovation Readiness Assessment
http://tiny.cc/innovassess
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
6.50
Commitment to Learning Knowledge Sharing Open Minded
Benchmark SAMPLE
.
.
Innovation Readiness Assessment
http://tiny.cc/innovassess
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.
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
InnovationResults Business Results
Benchmark SAMPLE
.
.
Innovation Readiness Assessment
http://tiny.cc/innovassess
COMPARISON
VS. BENCHMARKS
15
.
.
Innovation Readiness Assessment
http://tiny.cc/innovassess16
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:
.
.
Innovation Readiness Assessment
http://tiny.cc/innovassess
Appendices
Companies in Benchmark
1 page report card
Full details
7
.
Innovation Readiness Assessment
http://tiny.cc/innovassess
.
.
Innovation Readiness Assessment
http://tiny.cc/innovassess
.
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,
Systems to select ideas, Commitment to Learning, Knowledge Sharing,
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
Organizational
Design
Customer Focus
Co-creation
Ecosystem
Management
Speed / Results
focus
Systems to select
ideas
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
-
1.00
2.00
3.00
4.00
5.00
Autonomy
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,
Systems to select ideas, Commitment to Learning, Knowledge Sharing,
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 / bryan@fast-bridge.com
One page summary report

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Innovation Readiness Sample Report

  • 1. For more information on the study, please contact Bryan Cassady : + 32 475 860 757 / bryan@fast-bridge.com Patrick Crasson: +32496708501 / Patrick.crasson@benovate.biz This reports contains results for: SAMPLE August 25, 2015 Developed in collaboration with Sample Report
  • 2. . . 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: http://tiny.cc/innovassess
  • 3. . . The goal of this assessment is to give you an objective/structured view on your organization's Innovation potential and opportunities for improvement.
  • 4. . . Innovation Readiness Assessment http://tiny.cc/innovassess 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
  • 5. . . Innovation Readiness Assessment http://tiny.cc/innovassess » 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
  • 6. . . Innovation Readiness Assessment http://tiny.cc/innovassess 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
  • 8. . . Innovation Readiness Assessment http://tiny.cc/innovassess 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 3.00 3.50 4.00 4.50 5.00 5.50 6.00 6.50 Desire / Hunger Philosophies Benchmark SAMPLE
  • 9. . . Innovation Readiness Assessment http://tiny.cc/innovassess 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. - 1.00 2.00 3.00 4.00 5.00 Autonomy Competitive Creativity Risk Taking Proactivity Structure Benchmark SAMPLE
  • 10. . . Innovation Readiness Assessment http://tiny.cc/innovassess 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
  • 11. . . Innovation Readiness Assessment http://tiny.cc/innovassess 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 2.00 3.00 4.00 5.00 6.00 People processes Organizational Design Customer Focus Co-creation Ecosystem Management Speed / Results focus Systems to select ideas Benchmark SAMPLE
  • 12. . . Innovation Readiness Assessment http://tiny.cc/innovassess 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 6.50 Commitment to Learning Knowledge Sharing Open Minded Benchmark SAMPLE
  • 13. . . Innovation Readiness Assessment http://tiny.cc/innovassess 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. 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 InnovationResults Business Results Benchmark SAMPLE
  • 15. . . Innovation Readiness Assessment http://tiny.cc/innovassess16 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
  • 16. 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:
  • 19. . Innovation Readiness Assessment http://tiny.cc/innovassess . 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, Systems to select ideas, Commitment to Learning, Knowledge Sharing, 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 Organizational Design Customer Focus Co-creation Ecosystem Management Speed / Results focus Systems to select ideas 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 - 1.00 2.00 3.00 4.00 5.00 Autonomy 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, Systems to select ideas, Commitment to Learning, Knowledge Sharing, 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 / bryan@fast-bridge.com One page summary report