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Corporate Innovation Portfolio Management (Excerpt)
The document focuses on corporate innovation and digital transformation through innovation portfolio management, highlighting the relationship between strategy and execution. It discusses various strategic themes, innovation types, portfolio balancing, and the importance of external collaborations with fintechs and other entities. Key performance indicators, validation processes, and feedback mechanisms are emphasized to ensure that innovation is meaningful and impactful for the business and its customers.
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Corporate Innovation Portfolio Management (Excerpt)
- 1. Corporate Innovation & DigitalTransformation: Innovation Portfolio
- 2. The portfolio isthe glue between strategy and execution.
- 3. Strategic Themes 1 2 3 4 Innovation PortfolioManagement by Johnny Ordóñez AllIdeas SharkTank Refinement GO! EcosystemHypotheses backlog Priority Incremental Innovation Adjacent Innovation Disruptive Innovation Portfolio BalancingInnovation Initiatives Customers / Market Product building and Hypothesis validation External execution Fintechs, StartUps, Providers, Universities, other innovation labs. Business Development Operations Innovation Lab 3 months 3 months 3 months REVIEW THE MINIMUN VIABLE PRODUCTS VALIDATED LEARNING Business Model Metrics Insights Reporting KPIs DECISION POINTS CONTINUE STAND BY DISCARD DONE / VALIDATED! Products & Experiences Feedback Innovation Thesis Validation RE-BALANCE Portfolio Prioritization Portfolio Team Organization Customers/Market - + -+ Known Known Innovation Budgeting MINIMUM VIABLE STRATEGY Are we achieving our strategic goals? Are we generating the impact on our Customers, Market, and our Business? Is this meaningful innovation? GLOBAL KPIs REPORTING KPIs External ideas Ideas from the Ecosystem (Open Innovation). Execution Streams ~ 60%-70% ~ 30%-40% ~10%
- 4. Strategic Themes 1 2 3 4 Innovation PortfolioManagement by Johnny Ordóñez AllIdeas SharkTank Refinement GO! EcosystemHypotheses backlog Priority Incremental Innovation Adjacent Innovation Disruptive Innovation Portfolio BalancingInnovation Initiatives Customers / Market Product building and Hypothesis validation External execution Fintechs, StartUps, Providers, Universities, other innovation labs. Business Development Operations Innovation Lab 3 months 3 months 3 months REVIEW THE MINIMUN VIABLE PRODUCTS VALIDATED LEARNING Business Model Metrics Insights Reporting KPIs DECISION POINTS CONTINUE STAND BY DISCARD DONE / VALIDATED! Products & Experiences Feedback Innovation Thesis Validation RE-BALANCE Portfolio Prioritization Portfolio Team Organization Customers/Market - + -+ Known Known Innovation Budgeting MINIMUM VIABLE STRATEGY Are we achieving our strategic goals? Are we generating the impact on our Customers, Market, and our Business? Is this meaningful innovation? GLOBAL KPIs REPORTING KPIs External ideas Ideas from the Ecosystem (Open Innovation). Execution Streams ~ 60%-70% ~ 30%-40% ~10% Innovation Thesis
- 5. Strategic Themes 1 2 3 4 Innovation PortfolioManagement by Johnny Ordóñez AllIdeas SharkTank Refinement GO! EcosystemHypotheses backlog Priority Incremental Innovation Adjacent Innovation Disruptive Innovation Portfolio BalancingInnovation Initiatives Customers / Market Product building and Hypothesis validation External execution Fintechs, StartUps, Providers, Universities, other innovation labs. Business Development Operations Innovation Lab 3 months 3 months 3 months REVIEW THE MINIMUN VIABLE PRODUCTS VALIDATED LEARNING Business Model Metrics Insights Reporting KPIs DECISION POINTS CONTINUE STAND BY DISCARD DONE / VALIDATED! Products & Experiences Feedback Innovation Thesis Validation RE-BALANCE Portfolio Prioritization Portfolio Team Organization Customers/Market - + -+ Known Known Innovation Budgeting MINIMUM VIABLE STRATEGY Are we achieving our strategic goals? Are we generating the impact on our Customers, Market, and our Business? Is this meaningful innovation? GLOBAL KPIs REPORTING KPIs External ideas Ideas from the Ecosystem (Open Innovation). Execution Streams ~ 60%-70% ~ 30%-40% ~10% Innovation Portfolio
- 6. Strategic Themes 1 2 3 4 Innovation PortfolioManagement by Johnny Ordóñez AllIdeas SharkTank Refinement GO! EcosystemHypotheses backlog Priority Incremental Innovation Adjacent Innovation Disruptive Innovation Portfolio BalancingInnovation Initiatives Customers / Market Product building and Hypothesis validation External execution Fintechs, StartUps, Providers, Universities, other innovation labs. Business Development Operations Innovation Lab 3 months 3 months 3 months REVIEW THE MINIMUN VIABLE PRODUCTS VALIDATED LEARNING Business Model Metrics Insights Reporting KPIs DECISION POINTS CONTINUE STAND BY DISCARD DONE / VALIDATED! Products & Experiences Feedback Innovation Thesis Validation RE-BALANCE Portfolio Prioritization Portfolio Team Organization Customers/Market - + -+ Known Known Innovation Budgeting MINIMUM VIABLE STRATEGY Are we achieving our strategic goals? Are we generating the impact on our Customers, Market, and our Business? Is this meaningful innovation? GLOBAL KPIs REPORTING KPIs External ideas Ideas from the Ecosystem (Open Innovation). Execution Streams ~ 60%-70% ~ 30%-40% ~10% Innovation Practice
- 7. Strategic Themes 1 2 3 4 Innovation PortfolioManagement by Johnny Ordóñez AllIdeas SharkTank Refinement GO! EcosystemHypotheses backlog Priority Incremental Innovation Adjacent Innovation Disruptive Innovation Portfolio BalancingInnovation Initiatives Customers / Market Product building and Hypothesis validation External execution Fintechs, StartUps, Providers, Universities, other innovation labs. Business Development Operations Innovation Lab 3 months 3 months 3 months REVIEW THE MINIMUN VIABLE PRODUCTS VALIDATED LEARNING Business Model Metrics Insights Reporting KPIs DECISION POINTS CONTINUE STAND BY DISCARD DONE / VALIDATED! Products & Experiences Feedback Innovation Thesis Validation RE-BALANCE Portfolio Prioritization Portfolio Team Organization Customers/Market - + -+ Known Known Innovation Budgeting MINIMUM VIABLE STRATEGY Are we achieving our strategic goals? Are we generating the impact on our Customers, Market, and our Business? Is this meaningful innovation? GLOBAL KPIs REPORTING KPIs External ideas Ideas from the Ecosystem (Open Innovation). Execution Streams ~ 60%-70% ~ 30%-40% ~10% Innovation Accounting
- 8. i9 presentation toJoe Smith60 Thank you! Johnny Ordóñez Johnny Ordónez Ortiz @JohnnyOrdonez Johnny Ordóñez