.svg)
.svg)
How high-performing innovation teams can turn companies from good to great
In a world where innovation determines whether companies grow or disappear, high-performing innovation teams are essential. These teams leverage strategic tools, track their performance using KPIs, and utilize powerful innovation software. In this blog, you'll discover the 10 key traits that set them apart.
Here’s how to make it work
1. Develop a clear innovation strategy as the foundation
High-performing innovation teams have a well-defined innovation strategy that outlines the areas where the organisation aims to innovate and the reasons behind those choices. This strategy ensures that the team stays focused on its objectives and avoids wasting resources on irrelevant innovation efforts
2. Align with business objectives
The efforts of high-performing innovation teams are aligned with the overall goals of the organisation. Regular meetings with other businessunits ensure seamless integration and collaboration between teams.
3. Define your KPIs in an innovation dashboard
An innovation dashboard equipped with up-to-date KeyPerformance Indicators (KPIs) allows teams to track their progress effectively. These KPI’s should be specific, measurable, and relevant to the team's objectives, providing a clear picture of their performance.
4. Measure performance and optimize continuously
Regularly measuring performance is crucial for identifying areas that require improvement. High-performing innovation teams use data-driven approaches to assess their progress and optimize their processes accordingly.
5. Use an innovation toolset
Innovation teams leverage a variety of tools, such as canvasses, funnels, and models, to support their work. These tools provide a structured approach to generating and evaluating ideas, making the teammore efficient and effective.
6. Enable a culture of continuous learning and knowledge sharing
Successful innovation teams foster a culture of continuous learning and experience sharing. Regular meetings, workshops, and knowledge-sharing sessions help team members gain valuable insights and learn from each other's successes and failures
7. Evaluate and adjust
High-performing innovation teams regularly evaluate their activities to identify areas for improvement. By making necessary adjustments, the team ensures continuous progress toward its goals.
8. Use innovation software
High-performing innovation teams regularly evaluate their activities to identify areas for improvement. By making necessary adjustments, the team ensures continuous progress toward its goals.
9. Generate monthly idea campaigns
Regular idea campaigns keep the innovation pipeline active, ensuring a steady flow of new ideas. These campaigns may focus on specific strategic topics or be open to any ideas team members may have.
10. Training by innovation experts
High-performing innovation teams have access to training programs that equip them with the necessary skills and knowledge. This training can be provided by external experts or internal employees with innovation experience.
