Innovation Capability Index
Measuring capability to innovate
A foundational audit tool that assesses an organization’s maturity and capability to innovate. Covering the core pillars of Business this tool helps to identify areas of strength and opportunities for improvement.
Innovation Capability Index
The Innovation Capability Index (ICI) is a comprehensive tool designed to measure an organization’s readiness for innovation.
Derived from the French word for “here” or “now,” ICI emphasizes the importance of understanding an organization’s current state, free from historical biases or future anxieties.
PHASE 1
Assesement
Assessing the business agility across the five key pillars of the venture
STEP 2
Measurement
The goal is to measure both the capability and maturity level of Innovation
STEP 3
Insights
This phase provides valuable insights into the organisation, its ecosystem and competitors
STEP 4
Analysis
The final phase further analyses the situation and. generates a SWOT analysis for executive discussion and Maturity model
Deliverables include:
We start with an Audit and intake, setup and send out the questionnaire and you end with two workshops ICI.
1. Reporting and dashboard on the questionnaire
2. Is to talk about the result (SWOT analyses) and the maturity model
3. Is to discuss and setup an ideation event
Key activities include:
- Assessment Questions
- Measuring Capability
- Valuable Insight
- Further Analysis
ensuring sustainable growth
The Innovation Capability Index serves as a vital tool for organizations seeking to enhance their innovation readiness.
By providing a clear assessment of current capabilities and generating actionable insights, ICI enables organizations to develop targeted strategies for fostering innovation. As businesses continue to navigate an increasingly competitive landscape, tools like ICI will play a crucial role in driving sustainable growth and maintaining a competitive edge.
Questionaire & Data Analysis
The ICI tool utilizes a questionnaire to gather data on various aspects of the organization’s innovation readiness. This serves as a “thermometer” to gauge the current state of innovation capabilities.
Based on the questionnaire responses, the ICI tool generates a comprehensive SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis. This provides a clear picture of the organization’s innovation landscape.
Workshop & Action Planning
The SWOT analysis serves as a foundation for executive workshops. During these sessions, stakeholders discuss the insights revealed by the ICI assessment, fostering understanding and alignment on innovation priorities.
Following the workshops, the organization can proceed with generating new ideas for innovation initiatives, assessing the feasibility and potential impact of proposed ideas, and determining which innovation projects to pursue based on strategic alignment and resource availability.
ACCELERATE YOUR SUCCESS
WHY CHOOSE YB INSPIRE?
The Innovation Capability Index consists of five fundamental elements that collectively assess an organization’s innovation readiness.
Each element is evaluated using specific metrics and indicators, providing a comprehensive assessment of the organization’s innovation capabilities. The assessment results help identify areas for improvement and guide the development of targeted enhancement strategies.
