1.    Clear Innovation Strategy:

High-performing innovation teams have a well-defined innovationstrategy that outlines the areas where the organization aims to innovate andthe reasons behind those choices. This strategy ensures that the team staysfocused on its objectives and avoids wasting resources on irrelevant innovationefforts.

2.    Innovation Dashboard with KPI’s:

An innovation dashboard equipped with up-to-date KeyPerformance Indicators (KPIs) allows teams to track their progresseffectively. These KPI’s should be specific, measurable, and relevant to the team'sobjectives, providing a clear picture of their performance.

3.    Performance Measurement and Optimization:

Regularly measuring performance is crucial for identifyingareas that require improvement. High-performing innovation teams use data-drivenapproaches to assess their progress and optimize their processesaccordingly.

4.    Alignment with Business Objectives:

The efforts of high-performing innovation teams are aligned with theoverall goals of the organization. Regular meetings with other businessunits ensure seamless integration and collaboration between teams.

5.    Learning and Experience Sharing:

Successful innovation teams foster a culture of continuouslearning and experience sharing. Regular meetings, workshops, andknowledge-sharing sessions help team members gain valuable insights andlearn from each other's successes and failures.

6.    Use of Innovation Toolset:

Innovation teams leverage a variety of tools, such ascanvasses, funnels, and models, to support their work. These tools provide astructured approach to generating and evaluating ideas, making the teammore efficient and effective.

7.    Utilization of Innovation Software:

Innovation software serves as a platform for collaboration,idea sharing, and progress tracking within the team. Customizable anduser-friendly software enhances teamwork and creativity.

8.    Training by Innovation Experts:

High-performing innovation teams have access to training programsthat equip them with the necessary skills and knowledge. This trainingcan be provided by external experts or internal employees with innovationexperience.

9.    Monthly Idea Campaigns:

Regular idea campaigns keep the innovation pipeline active,ensuring a steady flow of new ideas. These campaigns may focus on specificstrategic topics or be open to any ideas team members may have.

10.  ContinuousEvaluation and Adjustment:

High-performing innovation teams regularly evaluate theiractivities to identify areas for improvement. By making necessary adjustments,the team ensures continuous progress toward its goals.

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To drive growth and competitive advantage, organizations mustcultivate a culture of innovation and foster high-performing innovation teams.By embracing the ten characteristics outlined in this blog post, teams canbecome more productive and effective in generating and implementing ideas thatcontribute to the success of the organization.

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