Incubation and Development
In a suitable environment, experiment with and incubate selected ideas. Subject these to business case approval and develop them into tested and approved products, services, or capability.
Improvement Planning
Practices-Outcomes-Metrics (POM)
Representative POMs are described for Incubation and Development at each level of maturity.
- 2Basic
- Practice
- Discuss the innovative ideas with the innovation development team and Research and Development to ensure that the identified development options are the best for the idea.
- Outcome
- Better exploitation of innovations occurs.
- Metric
- New exploitation paths identified from innovation development plan reviews.
- Practice
- Update processes, use new channels, and design and build newer enhanced products or services that encapsulate and utilize the innovative ideas as described.
- Outcome
- Ideas are developed into innovations for exploitation.
- Metrics
- % of ideas developed into innovations.
- Value of savings or revenue generated from innovations.
- 3Intermediate
- Practice
- Discuss the innovative ideas with a cross functional team to ensure that the identified development options are the best for the idea.
- Outcome
- Better exploitation of innovations occurs.
- Metric
- New exploitation paths identified from innovation development plan reviews.
- Practice
- Update processes, use new channels, and design and build newer enhanced products or services that encapsulate and utilize the innovative ideas based on a set of options created in conjunction with Research and Development.
- Outcome
- Ideas are developed into innovations for exploitation.
- Metrics
- % of ideas developed into innovations.
- Value of savings or revenue generated from innovations.
- 4Advanced
- Practice
- Discuss the innovative ideas with relevant organizational stakeholders and cross functional teams to ensure that the identified development options are the best for the idea.
- Outcome
- Better exploitation of innovations occurs.
- Metric
- New exploitation paths identified from innovation development plan reviews.
- Practice
- Update processes, use new channels, and design and build newer enhanced products or services that encapsulate and utilize the innovative ideas based on a set of options created in conjunction with relevant organizational stakeholders and cross-functional teams.
- Outcome
- Ideas are developed into innovations for exploitation.
- Metrics
- % of ideas developed into innovations.
- Value of savings or revenue generated from innovations.
- 5Optimized
- Practice
- Discuss the innovative ideas with business ecosystem stakeholders and cross functional teams to ensure that the identified development options are the best for the idea.
- Outcome
- Better exploitation of innovations occurs.
- Metric
- New exploitation paths identified from innovation development plan reviews.
- Practice
- Update processes, use new channels, and design and build newer enhanced products or services that encapsulate and utilize the innovative ideas based on a set of options created in conjunction with business ecosystem stakeholders and cross functional teams.
- Outcome
- Ideas are developed into innovations for exploitation.
- Metrics
- % of ideas developed into innovations.
- Value of savings or revenue generated from innovations.