Innovation is crucial to your organization’s continued success for several possible reasons:
- You need new sources of revenues or profits
- Your marketplace or industry is changing rapidly
- You want to take advantage of disruptive new technologies
- Your regulatory environment is becoming more challenging
You may already have a strategic plan and innovation process in place, and be pursuing a number of ongoing growth and innovation initiatives.
But how ready is your innovation organization to execute on your strategy?
- Do you have all the necessary innovation capabilities in place?
- How do you compare to other organizations in the same industry or to top innovators?
- What case is there for additional organizational investment or particular innovation resources?
These are the types of questions that can be answered by Innovation Benchmarking. Our Innovation Benchmarking service is weeks in duration – not months – and comprises:
- A 360° capability analysis from InnoSurvey™, the world’s most comprehensive innovation diagnostic with the largest database
- A comparison of your organization’s capabilities against industry, geographical and/or best-in-class benchmarks
- A cross-organizational view of capability gaps and strategic misalignments
- A management workshop to discuss your results and applicable best practices from leading innovators
Inputs are obtained by an automated survey process of your organization in combination with selected in-depth interviews. Relevant best practices are researched from non-confidential public sources.