Innovation Without Tears

Managing Your Innovation Portfolio
1. Their managerial actions can be relied on to yield a stream of successful new offerings.
  1. They are aware of a tremendous amount of innovation
  2. The Companies develop their own support with respectable market uptake
    1. New strategies
    2. High economic performance
    3. Skills to:
      1. Develop
      2. Try
        In the market every day
      3. Innovate
2. Innovation Ambition
  1. Innovation
    1. New creation that produces value
    2. Initiatives across a broad spectrum of risk and reward
    3. Greater production throughput in the world.
    4. Incremental changes in products
    5. Creating new Offers and businesses
  2. The Innovation Ambition Matrix
    1. Transformational
      1. Developing breakthroughs and inventing things for markets that don’t yet exist
    2. Adjacent
      1. Expanding from existing business into “new to the company” business
    3. Core
      1. Optimizing existing products for existing customerst don’t yet exist
3. Innovation System
  1. Talent
    1. The skills needed for core and adjacent innovations are quite different from those needed for transformational innovations.
      1. It uses a process of discovery and development of concepts
      2. finds and analyzes social needs
  2. Integration
    1. Working with offers that generate profitability
    2. Having teams that focus on innovations
  3. Funding
    1. It complies with little cash
    2. Their funding should come from an entity
    3. The Companies can create their own financing structure
  4. Pipeline management
    1. It ensures that businesses are progressing as planned
    2. It includes mechanisms for monitoring initiatives
    3. It includes mechanisms for monitoring innovation initiatives
  5. Metrics
    1. It is responsible for measuring traditional financial metrics
    2. Stimate how much money the company will make when its innovation is launched in the outside world
    3. Improves the team's ability to learn and explore

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Innovation Without Tears

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	Created by Cony Rodriguez Zamudio over 7 years ago