article thumbnail

SMART Metrics Template for Business Strategy

Leapfrogging

For example, instead of setting a vague goal like Improve customer satisfaction, a SMART version would be: Increase Net Promoter Score (NPS) by 15 points within six months through improved customer service training. Innovation and Growth SMART Metrics Launch three new AI-driven product features within the next 12 months.

Strategy 130
article thumbnail

The Innovation Sophistication Index

Destination Innovation

Things are really happening with innovation and you are starting to see real results and improvements in performance. You are implementing modern concepts of Open Innovation and the Minimum Viable Product. Innovation can now become a serious competitive advantage for you. If you score over 18 then congratulations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Purpose Statement Strategy Template

Leapfrogging

Incorporating it into employee training and onboarding. For example, Microsoft integrates its purpose into leadership speeches, CSR initiatives, and product innovation. Best practices include: Displaying it on websites, offices, and marketing materials. Ensuring leadership reinforces it through business decisions.

Strategy 130
article thumbnail

Thinking about innovation and strategy

Jeffrey Phillips

That action may be creating a new product, or developing a new channel or business model. Of course, innovation can span a range of impacts and outcomes, from very incremental product innovation to industry changing business model innovation. Innovation is an action, but it is not often a plan or policy.

Strategy 219
article thumbnail

Measuring Innovation Performance

Why do only a third of the organizations worldwide have formal innovation metrics in place despite accepting that innovation is critical to survival? Download this eBook to learn about the 5 basic principles that guide every successful innovation process.

article thumbnail

Top Jobs for Innovation Professionals in 2019

IdeaScale

Chief Innovation Officers can expect to earn around $180,000 annually in base salary. Innovation Engineer. An innovation engineer is trained in advanced methods and tools for creating innovative ideas, accelerating projects, and solving problems that inevitably arise during innovation adoption.

article thumbnail

Charting the Course: Linking Business Strategy to Innovation

Leapfrogging

Grasping innovation’s role in your game plan is your ticket to staying ahead. Check out our piece on design thinking for planning.

Course 113