Innovation Strategy

Create an in-house innovation capability

Corporate innovation is hard – however there are best practices and proven processes that increase your chances of success.

We are experts at helping organizations of all sizes launch new innovation initiatives for the first time, or optimize existing programs that are feeling stuck.

We’ll help you identify the best innovation plan for your business, get measurable results, and mitigate some of the most common mistakes innovation teams make.

There is no such thing as a one-size-fits-all solution for corporate innovation.

That’s why ID8 invests the time upfront to truly understand your business model, team resources, decision making process, and strategic boundaries, so that we can guide you in the development of an innovation strategy that’s right for you.

Innovate with Intent.

Strategy defines how an innovation team will contribute to the achievement of business objectives — it defines where to play, how to win, and just as important, where not to play.

Strategic alignment is the opposite of performing “random acts of innovation.” It means that your company has undertaken innovation with specific challenges in mind, and we are innovating with a purpose and plan.

What does the innovation team actually do and how do you measure success? Identifying how your team is different from the other core business groups, what rules you adhere to, and where you have the flexibility to challenge “how things have always been done” are all critical aspects of the innovation Charter. That’s why ID8 helps its client design (or refine) a governance model that creates internal alignment around the process of innovation.

Successful innovation teams are focused on a handful of strategic priorities at a time, and are designed to move from one priority to the next as they achieve their initial goals and as new priorities emerge. To develop effective solutions, large markets opportunities need to be broken down into concrete, addressable ‘challenge’ statements. ID8’s clients approach the Focus Area identification process deliberately and find themselves well positioned to obtain high-level support for key initiatives.

The innovation team is not designed to accomplish company wide growth in a silo. ID8 facilitates workshops and discovery exercises with executives and key stakeholders to help them articulate their vision about where they want to take the business, as well as what is preventing them from getting there today. This communication as the input for prioritizing Innovation Focus Areas, and allows an Innovation Team to be proactive in finding solutions and ideas that advance those goals.

Enabling Innovation Capabilities

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Ideate, Innovate & Grow

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