Improve Innovation

Pain

• We have a lot of ideas, but none ever make it into products or services
• Ideas are all too often stopped at a frozen layer in the company
• Can’t get funding for concepts or new ideas
• Our products no longer compete and we’re losing market share
• Sales are dropping and customers are jumping to competitors
• COVID has killed our business and we don’t know how to pivot

Profit

• Ideas are welcomed from employees, customers, and partners
• Ideas are part of solution design for products & services
• Employees are expected to provide ideas (baked into their goals)
• Key metrics for innovation are incorporated into executive compensation
• 20% of the product/service portfolios must come from innovation
• The organization has tons of ideas for addressing challenges like COVID
• Customers flock to product announcements as we are seen as a leader