Does the organization have a clearly defined Vision and Mission statement? |
Yes
No |
Do you create a strategic plan? |
Yes
No |
Does the strategic plan support Innovation? |
Yes
No |
Is the business leader the Innovation Driver or Champion? |
Yes
No |
Does the leader and sr mgmt team believe innovation is the lifeblood of the company? |
Yes
No |
Your vision for innovation is inspiring and acts as a rallying cry for all associates? |
Yes
No |
Is there an active culture of dialogue between roles, functions and departments? |
Yes
No |
Innovation Culture created? |
Yes
No |
Does the organization promote and encouraged innovation in your organisation? |
Yes
No |
Have you identified your innovation blockers? |
Yes
No |
Do you allow free R&D time? |
Yes
No |
Do you invest in Innovation: dollars, People, resources? |
Yes
No |
Do you require Return On Investment on each project? |
Yes
No |
Do you “celebrate” failure and risk taking? |
Yes
No |
Are you open to ideas from the outside? |
Yes
No |
Is there a formal (Product, Service, or Process) development program in place? |
Yes
No |
Do you apply go/no-go decision points? |
Yes
No |
Do you have at least monthly review meetings? |
Yes
No |
Do you stop or kill low ranking ideas and or projects? |
Yes
No |
Do you prioritize projects regularly? |
Yes
No |
Do you always launch innovations in a timely manner? |
Yes
No |
Do you start with many ideas with minimal investment and gradually increase resources so you focus on the best ideas? |
Yes
No |
Do you have a defined Product or Service Development Process? |
Yes
No |
Is each stage defines in what has to be accomplished and decided?
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Yes
No |
Are all disciplines involved in the New Product Development Process? |
Yes
No |
Do you have champions that own projects? |
Yes
No |
Is there an ownership culture in the company? |
Yes
No |
Do Process Development teams have Champions? |
Yes
No |
Has "Innovation" been defined? |
Yes
No |
Is there a central and unified picture of your Innovation efforts? |
Yes
No |
Do you track percentage of sales or use in New Products, process or services? |
Yes
No |
Do you have a minimum treshhold that New Products, Process or Services must render in operating profit or gross margin? |
Yes
No |
Intellectual Property; Do you have or file for Patents? |
Yes
No |
Do you have a deep enough understanding of your customer needs, and have avenues to get the insight and input? |
Yes
No |
Do you measure financial success? |
Yes
No |
Is there accountability in the organization? |
Yes
No |
Is there a high level of candor and trust? |
Yes
No |
Is there accountability in the Development process, actions/to-do follow through? |
Yes
No |
Do you define action items at the end of each Development review mtg? |
Yes
No |
Is it clear to specific individual/group what their responsibilities are? |
Yes
No |
Do you have an ongoing training program in place? |
Yes
No |
Do you coach champions and/or project leaders? |
Yes
No |
Do you have standardized project management in place? |
Yes
No |
Do you share best practices among teams? |
Yes
No |
Do you constantly look for new ways to improve your products and processes even the successful ones? |
Yes
No |
Do you have ideation methods in place? |
Yes
No |
Do you manage the ideas in the hopper, (re-evaluation, prioritization, cross fertilization etc.)? |
Yes
No |
Do you understanding of your customer needs? |
Yes
No |
Do you have multiple avenues to get customer insight and input? |
Yes
No |
Do you have multiple idea submission channels (offline and online) to get ideas from diverse sources? |
Yes
No |
Do you have a dedicated innovation manager or idea manager in charge of handling ideas? |
Yes
No |
Do you apply evaluation criteria help you identify the best ideas? |
Yes
No |
Do you engage the customer? |
Yes
No |
Do you have open internal innovation? |
Yes
No |
Do you have dedicated Long term development resources (separate from Product or Service Development)? |
Yes
No |
Do you measure if the percentage of your income comes from products or services younger than five years old? |
Yes
No |
Do you measure New Product sales? |
Yes
No |
Do you have a set of metrics to serve as innovation dashboard and track your innovation activities? |
Yes
No |
Do you have and maintain New Product or Service Key performance Indicators? |
Yes
No |
Do you track R&D spending or headcount? |
Yes
No |
Do you track New Product Sales objectives? |
Yes
No |
Do you reward people who contribute good ideas to the organisation? |
Yes
No |
Do you have a reward system in place for creativity? |
Yes
No |
Do you recognize staff for creativity and accomplishments of New Product or Service Development? |
Yes
No |
Do you have a New Product Sales bonus? |
Yes
No |
Please complete the info below if you'd like your Long Audit Radar Chart emailed to you! |
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