six steps to innovation

THINKING ABOUT GETTING

INNOVATIVE?

A Six Step Checklist

© DuncanJones@Hexagon-‐InnovaFng.com

1. IdenFfy NEEDS/

OPPORTUNITIES



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



Incremental Semiradical

or Radical InnovaFon? Culture change?

Timeframe/ Urgency Investment Level Human Resources

Risk aversion

3. Generate IDEAS/ MEANS


IDEAS


New/ improved products New services

New business models New markets/ customers

Increased efficiency/ lower costs

Develop Contract

In-‐license/ Acquire Collaborate

4. Develop PLANS



Dra[ a business plan: Strategic Technical

Commercial Financial

OperaFonal ExecuFonal aspects

5. Take

ACTION



Assemble the team

Take exploratory steps Resolve criFcal issues Try some experiments

Employ project management Review progress, plans and

assumpFons

6. Get

ASSISTANCE


ASSISTAN

CE


Reports Research

Conferences

Management team Colleagues/ peers

Customers Collaborators/ suppliers

Consultants

IDEAS AS

SISTAN

CE


APPROACHES AS

SISTAN

CE

Six Steps to introducing or re-‐introducing INNOVATION


IDEAS AS

SISTAN

CE

For assistance contact: Duncan Jones @ Hexagon-‐

InnovaFng.com


six steps to innovation

Business