Difference between revisions of "Innovation Radar"

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The innovation radar displays 12 dimensions of business innovation anchored by the offerings a company creates, the customers it services, the process it employs and the points of presence it uses to take its offerings to market. It can be used as a tool to help explore in which ways a company can innovate.
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Innovation Radar
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{| class="wikitable"
 
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!Dimension
 
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!Definition
 
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|'''Offerings'''
 
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|Develop new products or services
 
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|'''Platform'''
 
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|Use common components or building blocks to create derivative offerings
 
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|'''Solution'''
 
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|Create integrated and customized offerings that solve of end-to-end customer problems
 
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|'''Customers'''
 
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|Discover under served customers segments or uncover unmet needs
 
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|'''Customer experience'''
 
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|Redesign customer interactions
 
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|'''Value capture'''
 
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|Redefine how the company gets paid
 
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|'''Processes'''
 
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|Redesign for greater efficiency, higher quality and faster cycle time
 
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|'''Organization'''
 
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|Change scope, redefine the roles, responsibilities and incentives of different business units and individuals
 
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|'''Supply chain'''
 
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|Think differently about sourcing and fulfillment
 
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|'''Presence'''
 
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|Create new channels of distribution or new points of presence
 
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|'''Networking'''
 
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|Create network-centric intelligent and integrated offerings
 
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|'''Brand'''
 
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|Leverage brands into new domains
 
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|}
 
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Part of [[M8-S1 - Reading - Sawhney - The 12 Different Ways for Companies to Innovate|M8-S1 - Reading - Sawhney - The 12 Different Ways for Companies to Innovate]]
 
 
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Revision as of 19:19, 27 August 2020

Innovation Radar