The Speed of Change
In the current competitive business environment, innovation can be a catalyst for growth. With rapid advancements in technology, customer partnering and supply chains over the past decade, the old-world concepts of competitive advantage which focused on a company’s distinctive capabilities are outmoded for today’s global economy. Industries and businesses must constantly transform their products and services together with their economic model, organisational structure, systems and core processes in order to survive and prosper.
The innovation process within sector leading organisations is often supported by internal incubators where ideas for new products, services and processes are screened, prioritised, resourced and tracked through to delivering tangible Returns-on-Investment.
A Solution for the Modern Business
Softools, the technology partner of Innovation Leaders, provide a suite of mobile web apps to enable, nurture and drive strategic, product and process innovation across the modern enterprise. Their solution provides a comprehensive and integrated approach for senior management requiring support for their innovation activities.
The apps within the Innovation Accelerator platform broadly cover the full spectrum of tools and techniques required by businesses managing a full innovation portfolio, namely:
- Scan: assess discontinuities & changes in your business environment including technology, customers and suppliers
- Ideate: generate, prioritise and screen new ideas for strategic, product and process innovation
- Invest: generate business case and allocate internal and external funding
- Incubate: allocate people, facilities, resources and funding to projects from start-up to Return-on-Investment ROI
Amongst the many tools in the app suite include:
|This I-Maturity app provides an assessment of the Innovation health of your business. It is based on a Capability Maturity Model (CMM) which uses a 5-point scale to provide an ‘as is’ and ‘to be’ state using 30 pillars of world class innovation.|
|The I-Scorecard app is used for tracking the performance of your innovation process. It monitors and reports on monthly indicators, compared against expectations using a five-point scale and assesses trends and current status (Red = major concerns and corrective action required, Amber = risks that need to be monitored closely, and Green = on-track).|
|The Scouting app encourages teams to register and log interesting ideas or projects happening across the market that may be of benefit to the team/company.|