Strategic Innovation Management Framework
Process 2: Innovation Strategy Planning
Objective: Ensure innovation strategy is aligned with business and sustainability goals.
- KR1: Approve and publish strategy in Q2.
- KR2: Define 5 strategic innovation focus areas.
KPI: % alignment with corporate objectives, number of key results defined and tracked, budget executed to strategic innovation initiatives.
Input: Strategic goals, mission and CSR, insights from exploration phase, stakeholder needs and expectations, internal capabilities and resources, market and tech trends.
Actions: Define innovation vision and objectives, define and manage IMS, align with SDG and CSR, KPI and metric definition, budget and resource planning.
Output: Documented innovation strategy, strategic innovation roadmap, prioritized innovation portfolio, defined KPI and OKR, resource allocation plan.
Process 3: Identification of Challenges and Opportunities
Objective: Detect and define high-value innovation challenges and opportunities each quarter.
- KR1: Conduct 3 cross-functional workshops each quarter.
- KR2: Frame and prioritize 5 challenge briefs annually.
KPI: Number of innovation challenges defined, % of challenges aligned with strategy, number of departments involved in challenge detection.
Input: Strategic roadmap, process inefficiencies, user feedback and reports, trend reports, internal feedback.
Actions: Map user and market needs, root cause analysis, stakeholder workshops and validation, opportunity mapping and prioritization, framing design challenges.
Output: Internal pain points, benchmark, prioritized challenge statement, customer profile, innovation demand portfolio.
Process 4: Idea Generation and Selection
Objective: Maintain a healthy and diverse source of innovation ideas.
- KR1: Generate >100 ideas per year.
- KR2: Validate and prioritize >20 concepts for development.
KPI: Number of ideas generated, % of ideas selected to develop, % of ideas progressing to prototype.
Input: Validated challenges, innovation goals and criteria, internal/external contributors, ideas assessment framework, creative methods.
Actions: Brainstorming and design thinking, open innovation and co-creation workshops, idea screening and evaluation, feasibility and impact assessment, early-stage concept validation.
Output: Idea backlog, prioritized idea portfolio, internal problem-solving ideas, idea brief with development plan, idea process communication.
Process 5: Prototype, Test and Validate
Objective: Rapidly test and validate all priority innovation ideas.
- KR1: Complete 5 MVP within a semester.
- KR2: Achieve >50% user satisfaction score in tests.
KPI: Number of MVP developed, % validation success rate, average time from idea to prototype.
Input: Selected ideas, tech capability, testers, test infrastructure, UX support.
Actions: MVP development and iteration, user testing, R&D activities, market and tech feasibility assessment, prototype refinement and evaluation.
Output: Functional prototype, validation reports, lessons learned, decisions, validated concepts.
Process 6: Implement, Execute and Standardize
Objective: Ensure successful execution and scale of innovation projects with adequate funds.
- KR1: Launch and execute >5 innovation projects per year.
- KR2: Secure >3 external fund sources annually.
- KR3: Achieve full operational deployment in 100% of completed projects in 3 years.
KPI: Number of innovation projects started and closed, % of projects funded externally, % of projects fully implemented and adopted, budget vs. actual cost for innovation implementation, number of SOP integrated.
Inputs: MVPs, business case and feasibility analysis, project team and internal capabilities, process frameworks, change management and communication plan.
Actions: Project definition and resource assignment, fund search and application, innovation project execution and tracking, integration into business operations, staff training.
Output: Formalized innovation projects, funding secured, implemented innovation, operational SOP, trained teams and adoption completed.