Comprehensive Innovation Management Framework
Innovation Trend Exploration and Integration
Objective: Identify and map top 10 relevant innovation trends annually.
Key Goals
- Detect at least 5 new trends per semester.
- Generate 5 actionable opportunity briefs per quarter.
Essential Inputs
- Organizational objectives and strategy
- Customer feedback
- Technological surveillance plan
Core Activities
- PESTEL analysis
- Trend research
- Technology mapping
Expected Outputs
- Identified opportunity areas
- Emerging challenges report
- Briefs for strategic planning
Performance Metrics
- Number of trends identified
- Number of opportunity briefs created
Innovation Strategic Planning
Objective: Ensure the innovation strategy is fully aligned with business and sustainability goals.
Key Goals
- Approve and publish the strategy within Q2.
- Define at least 5 strategic innovation focus areas.
Essential Inputs
- Organizational goals, mission, and Corporate Social Responsibility (CSR)
- Stakeholder needs
- Capabilities and resources assessment
Core Activities
- Defining clear objectives
- Definition of Key Performance Indicators (KPIs) and Objectives and Key Results (OKRs)
- Budget and resource planning
Expected Outputs
- Innovation roadmap
- Innovation portfolio
- Defined KPIs and target OKRs
Performance Metrics
- Number of Key Results defined and tracked
- Budget executed for strategic innovation initiatives
Opportunity Identification
Objective: Detect and define high-value innovation challenges and opportunities each quarter.
Key Goals
- Conduct at least 3 cross-functional workshops quarterly.
- Frame and prioritize 5+ challenge briefs annually.
Essential Inputs
- Innovation roadmap
- Customer feedback
- Identified inefficiencies in processes
Core Activities
- Market needs analysis
- Stakeholder validation
- Opportunity mapping and prioritization
Expected Outputs
- Competitive benchmarks
- Identified internal pain points
- Innovation demand portfolio
Performance Metrics
- Number of innovation challenges defined
- Number of departments involved in challenge detection
Opportunity Generation
Objective: Maintain a healthy, diverse pipeline of innovative ideas.
Key Goals
- Generate 100+ good ideas per year.
- Validate and prioritize 20+ concepts for development.
Essential Inputs
- Validated challenges
- Innovation goals and criteria
- Creative methodologies
Core Activities
- Brainstorming and design thinking sessions
- Workshops
- Idea screening
Expected Outputs
- Problem-solving ideas
- Prioritized idea portfolio
- Idea process communications
Performance Metrics
- Number of ideas generated
- Percentage of ideas selected for development
Prototyping, Testing, and Training
Objective: Rapidly test and validate all priority innovation ideas.
Key Goals
- Complete 5 Minimum Viable Products (MVPs) within the semester.
- Achieve >50% user satisfaction score in testing.
Essential Inputs
- Selected ideas for development
- Technical capabilities
- Testing infrastructure
Core Activities
- MVP development
- User testing
- Prototype refinement
Expected Outputs
- Validation reports
- Validated concepts
- Functional prototypes
Performance Metrics
- Number of MVPs developed
- Validation success rate (%)
Implementation and Documentation
Objective: Ensure successful execution and scaling of innovation projects with adequate funding.
Key Goals
- Launch and execute 5+ innovation projects per year.
- Secure 3+ external funding sources or grants annually.
Essential Inputs
- Validated MVPs
- Standard Operating Procedure (SOP) templates
- Dedicated project team
Core Activities
- Funding research and acquisition
- Staff training
- Integration into business operations
Expected Outputs
- Launched innovation projects
- Funding and financing plan
- Operational SOPs
Performance Metrics
- Budget vs. actual cost for innovation implementation
- Percentage of projects funded externally
Monitoring and Continuous Improvement
Objective: Continuously improve the innovation system and its outputs.
Key Goals
- Achieve 90% of innovation OKRs annually.
- Implement 10 system improvement actions per year.
Essential Inputs
- Defined OKRs and KPIs
- Internal audits
- Stakeholder feedback
Core Activities
- Performance tracking and monitoring
- Continuous Plan-Do-Check-Act (PDCA) cycle
- Return on Investment (ROI) evaluation
Expected Outputs
- Improvement action plans
- Updated innovation roadmap
- Strategic alignment updates
Performance Metrics
- Percentage of innovation KPIs achieved
- Number of improvement actions taken