Online In-Depth Innovation Audit, complete the questions below:

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? 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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