Please read Gartner's"Executing On Innovation: Design The Process From Idea to Value". Published March 3, 2020
Gartner_Executing On Innovation Processes.pdf
Excellent alignment with the course as stated within the article: "As part of creating an innovation competency, CIOs need to design an innovation process that moves ideas from inception to demonstrable business value. This research presents the choices at each stage and provides examples of innovation processes targeting different goals.
Your Discussion Board Assignment: As stated within the article, there are 5 Examples of Innovation Processes:
a) The STREET Process
b) Enterprise Architecture Disruptive Trend and Digital Transformation Process
c) Design Thinking Process
d) New Product Development Process
e) Lean Startup Process
Of the 5 Innovation Processes, which 1 of the 5 are you interested in the most and why?
Executing on Innovation: Design the Process From Idea to Value This research note is restricted to the personal use of
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[email protected]. Executing on Innovation: Design the Process From Idea to Value FOUNDATIONAL Refreshed: 3 March 2020 | Published: 30 November 2018 ID: G00367587 Analyst(s): Jackie Fenn, David Cearley, Erik Van Ommeren As part of creating an innovation competency, CIOs need to design an innovation process that moves ideas from inception to demonstrable business value. This research presents the choices at each stage and provides examples of innovation processes targeting different goals. FOUNDATIONAL DOCUMENT This research is reviewed periodically for accuracy. Last reviewed on 3 March 2020. Key Findings ■ To deliver a repeatable stream of innovation, CIOs need to define a process to make sure their organization is not missing critical stages of activity and to avoid common “drop points” (for example, moving beyond a successful proof of concept). ■ There is no single “correct” innovation process, but most contain core stages of generating ideas, evaluating ideas and realizing the value of an innovation. ■ CIOs face a growing number of choices regarding how to perform each stage of the innovation process. Recommendations To drive innovation and strategic business change, CIOs should take these steps: ■ Create or adopt an innovation process that embodies just enough formality to meet business and innovation goals. Local, incremental innovation may need just a lightweight process to make sure ideas move forward, whereas new products and business models require a process with defined governance and significant levels of evaluation. ■ Align your process with your approach to innovation: trigger-centric (driven by technologies, trends or other external inspiration), problem-centric (targeting a specific business issue or This research note is restricted to the personal use of
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[email protected]. opportunity) or solution-centric (solutions driven by passionate individuals or intrapreneurs). For multiple approaches, you may need more than one process, or multiple paths within a single overarching process. ■ Experiment with different approaches at each stage of the process to see what works best for your innovation goals and in your organizational context. Table of Contents Analysis..................................................................................................................................................3 The Value of an Innovation Process.................................................................................................. 3 The Role of Process in a Customizable Innovation Framework..........................................................4 Innovation Process Activities.............................................................................................................8 Manage the Innovation Process..................................................................................................8 Design and Run Activities to Generate Ideas...............................................................................9 Find Ideas.................................................................................................................................11 Evaluate Ideas and Prove/Disprove Hypotheses....................................................................... 12 Realize the Value of an Innovation.............................................................................................14 Examples of Innovation Processes..................................................................................................15 The STREET Process............................................................................................................... 16 Enterprise Architecture Disruptive Trend and Digital Transformation Process.............................18 Design Thinking Process...........................................................................................................20 New Product Development Process......................................................................................... 22 Lean Startup Process............................................................................................................... 23 Conclusion...........................................................................................