Innovation Audits

Assess Your Current Innovation Performance and Devise a Plan for Rapid Improvement

The purpose of the Innovation Audit is to discover the exact strengths and weaknesses of your organization’s innovation processes and practices, and to determine the best ways to improve performance.

The audit is organized around InnovationLabs’ groundbreaking innovation management framework, the Innovation Master Plan™. The Master Plan has been developed by working with hundreds of companies around the world, helping them to address critical innovation issues across the entire scope of innovation practice, from strategic thinking and portfolio management to the innovation process, the innovation culture, marketing, and sales.

The Innovation Audit has two primary major elements:

Expert Insights 

It provides you with a detailed assessment of your organization’s current innovation practices and processes, so you’ll know exactly what’s working, and what needs to be improved. We examine both the critical quantitative and qualitative factors, giving you a comprehensive view of your organization’s current capabilities, needs, strengths, and weaknesses.

Best Practices

We recommend the best and most effective ways to bring your innovation performance to a much higher level, including the Top 10 Action Steps, and 25 additional improvement opportunities to help you overcome innovation barriers, enhance your competitive edge in the market, and engage your entire team in implementing the key steps to quickly improve your innovation practices.

Focus Areas

We address the most critical technical factors behind innovation performance, as well as the hidden cultural and behavioral issues that shape the human response to innovation and change.

7 Technical Factors that are  Critical to Innovation Performance 

  • Alignment of Strategy & Innovation
  • Innovation Portfolio Management
  • Research Process Assessment
  • Innovation Development
  • Alignment with Sales
  • Innovation Metrics & Rewards
  • Infrastructure Assessment

7 Tacit & Cultural Factors that shape your organization’s Innovation Capacity 

  • Innovation Culture Assessment
  • Creativity Assessment
  • Trust
  • Leadership
  • Mindset
  • Attitude
  • Tone

Comprehensive Audit Results

What You Receive

  • A Detailed Innovation Audit Report of your entire innovation practice by world leading innovation experts. 75 – 125 pages long. 
    • Comprehensive diagnosis of your practice, tools, and methods.
    • Analysis of strengths and weaknesses.
    • A Customized Master Plan including the top 10 improvements you should implement first.
    • Recommendations highlighting 25 additional key Improvement Opportunities.
  • A private Executive Briefing for your senior team.
  • A half or full day Innovation Workshop to engage your entire organization in understanding and immediately implementing your
  • Your own Innovation Master Plan.

Innovation Master Plan: A Typical Table of Contents

  1. Introduction & Overview
  2. Executive Summary
  3. Top 10 Actions Summary
  4. Competitive Landscape & Key Industry Trends
  5. Innovation & Strategy Assessment
  6. Leadership Assessment
  7. Key Obstacles & Enablers Assessment
  8. Innovation Research & Targeting
  9. Innovation Process Assessment
  10. Innovation Culture & Attitudes Assessment
  11. Organizational Development for Innovation
  12. Needed Creativity Boosters
  13. Innovation Pipeline and Portfolio Assessment
  14. Innovation Infrastructure Assessment
  15. Open Innovation Strategies & Resources
  16. Comprehensive Action Plan
  17. Additional Recommendations
  18. Appendix A – Detailed Survey Results
  19. Appendix B – Interview Transcripts