Page 20 - INNOVATION STRATEGY EXAMPLE

Roadmap to the Future Ideas to Execution
Framework
A high functioning Ideas to Execution process at XXXXX P/L is dependent upon the establishment of a range of capabilities, resourcing structures and governance arrangements, as follows:
Action
Streamline the Process
Commence by:
The Executive
approves the innovation strategy
The Executive approves the innovation strategy, including Executive approval of the available funding channels for innovation projects.
July 15
Establish and
resource the Ideas Platform
Establish and resource the Ideas Platform and management/administration of the Ideas Program.
July 30
Staff training
Train staff in how to access and use the
platform via a communications campaign.
July 30
Establish Innovation Governance
Establish Innovation Governance
arrangements at XXXXX P/L Steering Committee recommendations.
July 30
Socialise the innovation strategy
Socialise the innovation strategy and approach to Core innovation across the company with various key BU stakeholders.
August 30
Run the first ideas campaign
Design and run a campaign aimed to solve a meaningful business challenge, and treat each stage of the idea to execution process as an experiment to learn from.
August 30
Establish strategic advisory support
Establish strategic advisory support to
guide decisions during the first 2-3 waves of the idea to execution process.
August 30
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