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Innovation Management Benchmark

NOTE: YOUR RESPONSES TO THE FOLLOWING QUESTIONS ARE COMPLETELY CONFIDENTIAL AND WILL NOT BE SHARED WITH ANY THIRD PARTIES

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INNOVATION PLANNING

1. We have "strategic arenas" - areas of strategic focus - that are clearly defined.
2. We allocate funds/resources based on these strategic arenas of focus.
3. Our Innovation Roadmap is in place, planning across multiple years and products.

PORTFOLIO OPTIMIZATION

4. Our portfolio contains high value-to-the-business projects.
5. Our spending (resource) breakdown reflects the Business's strategy.
6. We do a good job of ranking/prioritizing projects.

PROCESS MANAGEMENT

7. A standardized development process is really used by our company.
8. Our "Go/No-Go" decision points and decision makers are well defined.
9. Our "Go/No-Go" gate decision meetings are effective.

ORGANIZATION AND CULTURE

10. Our business climate is NOT risk-averse (i.e. we invest in some risky projects).
11. Our culture clearly supports innovation.
 
12. We have open communication across functions/locations.

INNOVATION PERFORMANCE

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