INNOVATION NAVIGATOR

Elevate your innovation journey with Innovation Navigator!

Innovation teams frequently struggle to develop clear and concise problem statements and opportunity hypotheses.

Based on years of research and client engagement as well as best practices from the Stanford GSB LEAD Program, SmartOrg developed a focused team engagement to facilitate innovation scouting initiatives.

This 1.5-day workshop focuses on…

  • Value proposition mapping
  • Hypothesis generation
  • Lean experimentation
  • Innovation action plan

… that delivers on the three key corporate elements for successful innovation:

  • Evidence of value
  • Value of evidence
  • Innovator to investor confidence (matching the innovator dialect to the investor)

Innovation Navigator: A mash-up of real option analysis and the Lean Startup method

Workshop for Innovation Scouting

PURPOSE ROUGH PROJECT PLAN
Define a learning plan for a domain. Preparation ( 1 -2 weeks)
Get teams focused on most important hypotheses. Facilitated Workshop – Scouting Party (1.5 days)

  • Hypothesis generation (e.g. BMC, Tornado, Maturity Matrix)
  • Hypotheses assessment
  • Develop Kill Shot experiments
  • Prioritization and learning plan
Understand the goal posts: criteria and effort for IGP Aftermath ( 1 – 2 weeks)
Communicate value of scouting investment and track progress towards IGP Tracking Follow Up (3 – 6 months later)

  • 1/2 day interactions
  • Update and refine

Here’s what you get!

Scouting party deliverables and outcomes-1.5 days (Innovation Navigator)

Three to six months after initial Scouting Party, SmartOrg works with innovation teams to prepare additional innovation action plans and Lean experiments over a half-day virtual meeting. Alternatively, teams can elect to prepare an investment grade proposal if their opportunity meets the risk guidelines for the company.

Tracking Check In

November's ValuePoint, "When You Can’t Recruit for Innovation, Redeploy" 

 

Set an appointment with our Head of Innovation Practice. Have us contact you to discuss how your organization can elevate its innovation journey.
Button-Schedule time with Ralph Button-I'd like to discuss Innovation Navigator