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. | |
| + | <html> | ||
| + | <img src="/static/files/MBI/Module%208/innovationradar.PNG" width=400> | ||
| + | </html> | ||
| + | {| class="wikitable" | ||
| + | !Dimension | ||
| + | !Definition | ||
| + | |- | ||
| + | |'''Offerings''' | ||
| + | |Develop new products or services | ||
| + | |- | ||
| + | |'''Platform''' | ||
| + | |Use common components or building blocks to create derivative offerings | ||
| + | |- | ||
| + | |'''Solution''' | ||
| + | |Create integrated and customized offerings that solve of end-to-end customer problems | ||
| + | |- | ||
| + | |'''Customers''' | ||
| + | |Discover under served customers segments or uncover unmet needs | ||
| + | |- | ||
| + | |'''Customer experience''' | ||
| + | |Redesign customer interactions | ||
| + | |- | ||
| + | |'''Value capture''' | ||
| + | |Redefine how the company gets paid | ||
| + | |- | ||
| + | |'''Processes''' | ||
| + | |Redesign for greater efficiency, higher quality and faster cycle time | ||
| + | |- | ||
| + | |'''Organization''' | ||
| + | |Change scope, redefine the roles, responsibilities and incentives of different business units and individuals | ||
| + | |- | ||
| + | |'''Supply chain''' | ||
| + | |Think differently about sourcing and fulfillment | ||
| + | |- | ||
| + | |'''Presence''' | ||
| + | |Create new channels of distribution or new points of presence | ||
| + | |- | ||
| + | |'''Networking''' | ||
| + | |Create network-centric intelligent and integrated offerings | ||
| + | |- | ||
| + | |'''Brand''' | ||
| + | |Leverage brands into new domains | ||
| + | |- | ||
| + | |} | ||
| + | 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]] | ||
[[Category:mbi]] | [[Category:mbi]] | ||
[[Category:Model]] | [[Category:Model]] | ||
Latest revision as of 19:56, 27 August 2020
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.
| Dimension | Definition |
|---|---|
| Offerings | Develop new products or services |
| Platform | Use common components or building blocks to create derivative offerings |
| Solution | Create integrated and customized offerings that solve of end-to-end customer problems |
| Customers | Discover under served customers segments or uncover unmet needs |
| Customer experience | Redesign customer interactions |
| Value capture | Redefine how the company gets paid |
| Processes | Redesign for greater efficiency, higher quality and faster cycle time |
| Organization | Change scope, redefine the roles, responsibilities and incentives of different business units and individuals |
| Supply chain | Think differently about sourcing and fulfillment |
| Presence | Create new channels of distribution or new points of presence |
| Networking | Create network-centric intelligent and integrated offerings |
| Brand | Leverage brands into new domains |
Part of M8-S1 - Reading - Sawhney - The 12 Different Ways for Companies to Innovate
