Innovation Readiness Sample Report

For more information on the study, please contact
Bryan Cassady : + 32 475 860 757 / bryan@fast-bridge.com
Patrick Crasson: +32496708501 / Patrick.crasson@benovate.biz
This reports contains results for: SAMPLE
August 25, 2015
Developed in collaboration with
Sample
Report

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Innovation Readiness Assessment
http://tiny.cc/innovassess
» Companies take about 25 minutes to
complete a survey about their
innovation practices
» We then match their replies with our
research database
» What follows is sample report
This is a sample report …
Get your innovation
assessment at this link:

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The goal of this assessment is to give you an objective/structured
view on your organization's Innovation potential and
opportunities for improvement.

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Over 200 articles
The audit is based on work presented in over 200
academic articles.
Research has linked significantly higher levels of
innovation and business performance to business
philosophies, strategic alignment, business processes and
organizational learning
Culture and process are the drivers of innovation success.
Our audit will help you assess your strengths /
weaknesses…
Innovation
Performance
Firm
Performance
Attitudes Processes
Learning
Strategic
Alignment

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» Over 40 one to one company interviews
to validate questions and test questions
found in over 200 academic articles
» A survey with 50 test companies Testing
of initial questions and validation of the
links to innovation performance.
» Benchmarks scores created through
surveys run in over 200 companies
» April 2015 we updated the full research
survey to better analyze disruptive and
ongoing innovation success.
Research done to date
Compare your company
to over 200 companies
across Europe

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It is important to note that correcting weaknesses is not always the
best strategy. A lot of research on personal and corporate development
shows companies can often achieve more by building on Strengths and
Opportunities than by correcting Weaknesses....
Building on strengths:
Look for trends
Don’t look at single
questions look at
groups
Compare vs. Benchmarks
Some questions everyone
scores low. Look at benchmarks

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Key results
In 6 Charts..
7

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Innovation can (rarely) happen by accident, but it
usually doesn't. It can be a one-time event or a
systemic process. Companies that invest in creating
Innovation systems are usually driven by a hunger to
do things better and differently. They are often led
by people that are intellectually curious and have a
desire to change the world. Innovation can also just
be in a company's soul. A low score here is a warning
sign. Possible solutions are to visualize the benefits
of Innovation and look for quick wins to build
confidence that your company can be innovative but
also work on a diversification of the workforce in
terms of skills/experience...
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00
6.50
Desire / Hunger Philosophies
Benchmark SAMPLE

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Entrepreneurial Orientation represents the processes, practices and
decision-making which are embodied in the entrepreneurial process,
closely linked at the level of an innovative business setup. We call it
“Inno-Preneurship” .
A high measure of Entrepreneurial Orientation reflects the ability of a
company to quickly and effectively identify opportunities to build its
business in an innovative way, and to take advantage of these
business opportunities. This is an important complement to the
Innovation Readiness because it is not sufficient to be good at
innovating - a company needs to be run in an entrepreneurial way to
identify the business opportunities that are the triggers for
innovation, and in particular for developing concretely , on an SMTM
(Show Me The Money) way, new areas of business.
This chart shows how your company compares with all of the
companies with a similar profile to yours, with regard to
Entrepreneurial Orientation.
-
1.00
2.00
3.00
4.00
5.00
Autonomy
Competitive
Creativity
Risk Taking
Proactivity
Structure
Benchmark
SAMPLE

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Innovation activities need to fit in the context of the
longer term direction of your company. A high score on
this factor indicates that you have a very clear vision of
the future of the business, you are continually planning
to develop the business, and you are continually looking
for ways to balance activities across the different areas
of your company and, last but not least, innovation is
concretely handled on the field as a strategic long term
initiative. Board and C-Level executives should clearly be
involved herewith.
3.00 3.50 4.00 4.50 5.00 5.50 6.00 6.50 7.00
Strategy alignment (OVERALL)
Align Targets
Top Support Innovation
Match Innovation overall strat.
Clear priorities
Action = values
Shared vision
Clear what business we are in
Future focus
SAMPLE Benchmark

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The habits OF INNOVATION SUCCESS are anchored in the DNA of
a company. Successful innovators almost always have the right
systems and processes in place to make innovation happen.
The most important habits are :
• Organizational Design
• People Processes
• Systems to select ideas
• Customer Focus
• Co-Creation
• Eco-system management
• Speed/results focus
2.00
3.00
4.00
5.00
6.00
People processes
Organizational
Design
Customer Focus
Co-creation
Ecosystem
Management
Speed / Results
focus
Systems to select
ideas
Benchmark
SAMPLE

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Learning Orientation refers to organization-wide activity of
creating and using knowledge to enhance competitive
advantage. This includes obtaining and sharing information
about customer needs, market changes, and competitor
actions, as well as development of new technologies to create
new highly competitive products that are by essence superior
to those of competitors.
Your Learning Orientation influences what kind of information
is gathered and how it is interpreted, evaluated, and shared.
The 3 key components of learning orientation are 1/
Commitment to Learning 2/ Open-mindedness and 3/ Intra-
organizational Knowledge Sharing.
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00
6.50
Commitment to Learning Knowledge Sharing Open Minded
Benchmark SAMPLE

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Investments in Innovation and Innovation success are key
to your long-term business viability
Companies need to Innovate to stay competitive. If your
company is not creating value through innovation, your
days are numbered.
The key to business success is usually built on the right
balance of innovation and operational excellence.
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
InnovationResults Business Results
Benchmark SAMPLE

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COMPARISON
VS. BENCHMARKS
15

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http://tiny.cc/innovassess16
Overall Score 74
Desire / Hunger 77
Philosophies 71
Autonomy 65
Competitive 38
Creativity 92
Risk Taking 78
Proactivity 63
Structure 97
Strategy alignment 61
People processes 80
Organizational Design 65
Customer Focus 38
Co-creation 72
Ecosystem Management 17
Speed / Results focus 57
Systems to select ideas 93
Commitment to Learning 63
Knowledge Sharing 93
Open Minded 53
74
Percentile Score
Desire / Hunger, Philosophies, Philosophies, Autonomy, Creativity, Risk
Taking, Proactivity, Structure, Strategy alignment, People processes,
Organizational Design, Co-creation, Systems to select ideas,
Commitment to Learning, Knowledge Sharing,
Competitive, Customer Focus, Ecosystem Management,
Strengths
Weaknesses

Step 2 Get the Basics Right
Pay particular attention to
Strategy First 61 Step 3 Build process and procedures
Hunger 77 Pay particular attention to
Philosophy 71 Speed 57
Learning Orientation * 70 Proactivity 63 Step 4 Entrepreneurial Orientation
General systems 61 Pay particular attention to
If issues, fix Customer focus 38 Risk Taking 78
Strategy alignment Ecosystem Management 17
Innovation training If issues, fix Structure 97
(For management and workers) All Stage 1 activities Creativity 92
Innovation Events Moments of truth
Invite Speakers Ask for ideas If issues, fix
Lean Start-up (learning training) Set up systems All Stage 1/2 activities
External Events Accleration programs Ask for more ideas
Reward Proactivity Create Sessions Hackathons
Coaching Ecosystem development
Tell them it is important and Innovation Sprints Celebrate risk taking
get them to believe … Reward Innovation Bring in Entrepreneurs
Reward Innopreneurship
Ask for ideas, push for speed
Build ideas and systems to test Expect Entrepreneurship, bring in
entrepreneurs/ partners to shake things up
Desire / Hunger, Philosophies, Philosophies, Autonomy, Creativity, Risk Taking, Proactivity,
Structure, Strategy alignment, People processes, Organizational Design, Co-creation,
Systems to select ideas, Commitment to Learning, Knowledge Sharing,
Step 1: Look at strengths to build on:

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Appendices
Companies in Benchmark
1 page report card
Full details
7

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LeasePlan
Overall Score 79
Desire / Hunger 50
Philosophies 66
Autonomy 68
Competitive 85
Creativity 67
Risk Taking 49
Proactivity 27
Structure 79
Strategy alignment 91
People processes 94
Organizational Design 67
Customer Focus 79
Co-creation 93
Ecosystem Management 97
Speed / Results focus 83
Systems to select ideas 80
Commitment to Learning 97
Knowledge Sharing 93
Open Minded 74
79
Percentile Score
Philosophies, Philosophies, Autonomy, Competitive, Creativity, Structure,
Strategy alignment, People processes, Organizational Design, Customer
Focus, Co-creation, Ecosystem Management, Speed / Results focus,
Open Minded,
Proactivity,
Strengths
Weaknesses
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00
Desire / Hunger Philosophies
Benchmark LeasePlan
-
1.00
2.00
3.00
4.00
5.00
6.00
7.00
People processes
Organizational
Design
Customer Focus
Co-creation
Ecosystem
Management
Speed / Results
focus
Systems to select
ideas
Benchmark
LeasePlan
3.00 3.50 4.00 4.50 5.00 5.50 6.00 6.50 7.00 7.50
Strategy alignment (OVERALL)
Align Targets
Top Support Innovation
Match Innovation overall strat.
Clear priorities
Action = values
Shared vision
Clear what business we are in
Future focus
LeasePlan Benchmark
-
1.00
2.00
3.00
4.00
5.00
Autonomy
Competitive
Creativity
Risk Taking
Proactivity
Structure
Benchmark
LeasePlan
2.00
3.00
4.00
5.00
6.00
7.00
8.00
Commitment to Learning Knowledge Sharing Open Minded
Benchmark LeasePlan
1.00
1.50
2.00
2.50
3.00
3.50
4.00
InnovationResults Business Results
Benchmark LeasePlan
Step 2 Get the Basics Right
Pay particular attention to
Strategy First 61 Step 3 Build process and procedures
Hunger 77 Pay particular attention to
Philosophy 71 Speed 57
Learning Orientation * 70 Proactivity 63 Step 4 Entrepreneurial Orientation
General systems 61 Pay particular attention to
If issues, fix Customer focus 38 Risk Taking 78
Strategy alignment Ecosystem Management 17
Innovation training If issues, fix Structure 97
(For management and workers) All Stage 1 activities Creativity 92
Innovation Events Moments of truth
Invite Speakers Ask for ideas If issues, fix
Lean Start-up (learning training) Set up systems All Stage 1/2 activities
External Events Accleration programs Ask for more ideas
Reward Proactivity Create Sessions Hackathons
Coaching Ecosystem development
Tell them it is important and Innovation Sprints Celebrate risk taking
get them to believe … Reward Innovation Bring in Entrepreneurs
Reward Innopreneurship
Ask for ideas, push for speed
Build ideas and systems to test Expect Entrepreneurship, bring in
entrepreneurs/ partners to shake things up
Desire / Hunger, Philosophies, Philosophies, Autonomy, Creativity, Risk Taking, Proactivity,
Structure, Strategy alignment, People processes, Organizational Design, Co-creation,
Step 1: Look at strengths to build on:
Developed in collaboration with
For more information on the study, please contact
Bryan Cassady : + 32 475 860 757 / bryan@fast-bridge.com
One page summary report

Innovation Readiness Sample Report

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