Six Steps to Innovation
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Transcript of Six Steps to Innovation
THINKING ABOUT GETTING
INNOVATIVE?
A Six Step Checklist
© DuncanJones@Hexagon-‐InnovaFng.com
1. IdenFfy NEEDS/
OPPORTUNITIES
© DuncanJones@Hexagon-‐InnovaFng.com
© DuncanJones@Hexagon-‐InnovaFng.com
Aging products/ services? Declining revenues/ profits? Changing environment? Strong/ new compeFFon?
Increased producFvity? New customers? New markets?
New products/ services/ models?
2. Establish GOALS/
LIMITATIONS
© DuncanJones@Hexagon-‐InnovaFng.com
© DuncanJones@Hexagon-‐InnovaFng.com
Incremental Semiradical
or Radical InnovaFon? Culture change?
Timeframe/ Urgency Investment Level Human Resources
Risk aversion
3. Generate IDEAS/ MEANS
© DuncanJones@Hexagon-‐InnovaFng.com
IDEAS
© DuncanJones@Hexagon-‐InnovaFng.com
New/ improved products New services
New business models New markets/ customers
Increased efficiency/ lower costs
Develop Contract
In-‐license/ Acquire Collaborate
4. Develop PLANS
© DuncanJones@Hexagon-‐InnovaFng.com
© DuncanJones@Hexagon-‐InnovaFng.com
Dra[ a business plan: Strategic Technical
Commercial Financial
OperaFonal ExecuFonal aspects
5. Take
ACTION
© DuncanJones@Hexagon-‐InnovaFng.com
© DuncanJones@Hexagon-‐InnovaFng.com
Assemble the team
Take exploratory steps Resolve criFcal issues Try some experiments
Employ project management Review progress, plans and
assumpFons
6. Get
ASSISTANCE
© DuncanJones@Hexagon-‐InnovaFng.com
ASSISTAN
CE
© DuncanJones@Hexagon-‐InnovaFng.com
Reports Research
Conferences
Management team Colleagues/ peers
Customers Collaborators/ suppliers
Consultants
IDEAS AS
SISTAN
CE
© DuncanJones@Hexagon-‐InnovaFng.com
APPROACHES AS
SISTAN
CE
Six Steps to introducing or re-‐introducing INNOVATION
© DuncanJones@Hexagon-‐InnovaFng.com
IDEAS AS
SISTAN
CE
For assistance contact: Duncan Jones @ Hexagon-‐
InnovaFng.com
© DuncanJones@Hexagon-‐InnovaFng.com