Innovation Portfolio Planning Action Plan and Next Steps
Innovation Portfolio Planning
Rather than hoping that their future will emerge from a collection of ad hoc efforts, smart organizations manage for total innovation system.
  • Project Year
    2015 - 2016
  • Creator Name
    Kevin Grant
  • Organization
    TD Bank
  • City
    Toronto
  • Country
    Canada
  • Creation Date
    21 August 2016
  • Modification Date
    13 March 2021
  • Version
    1.0

Build a Team

  • The right skills are critical but not sufficient
  • They must be organized and managed in the right way, with the right mandate, and under the conditions that will help them succeed
  • One of the most important decisions will be how closely to connect the skills and associated activities with the day-to-day business

Innovation Team Characteristics

  • Select the right people– diverse, creative, complementary
  • Select your team for who they know as well as what they know
  • Pick one leader and provide him or her the autonomy they need to be successful
  • Have an ethnographer on the team to observe consumer behaviors and generate insights around their unmet needs
  • Build a team that can identify gaps in the market & markets in the gaps
  • Find team members who tell great stories
  • Understand the difference between good and bad conflict
  • The team thinks like a startup entrepreneur
  • Team members are fully committed
  • Supplement the innovation core team with external experts that inspire

Metrics

  • Innovation Team Characteristics
  • Select the right people– diverse, creative, complementary
  • Select your team for who they know as well as what they know
  • Pick one leader and provide him or her the autonomy they need to be successful
  • Have an ethnographer on the team to observe consumer behaviors and generate insights around their unmet needs
  • Build a team that can identify gaps in the market & markets in the gaps
  • Find team members who tell great stories
  • Understand the difference between good and bad conflict
  • The team thinks like a startup entrepreneur
  • Team members are fully committed
  • Supplement the innovation core team with external experts that inspire

Metrics Do's

  • Innovation Team Characteristics
  • Select the right people– diverse, creative, complementary
  • Select your team for who they know as well as what they know
  • Pick one leader and provide him or her the autonomy they need to be successful
  • Have an ethnographer on the team  to observe consumer behaviors and generate insights around their unmet needs
  • Build a team that can identify gaps in the market & markets in the gaps
  • Find team members who tell great stories
  • Understand the difference between good and bad conflict
  • The team thinks like a startup entrepreneur
  • Team members are fully committed
  • Supplement the innovation core team with external experts that inspire
Organization
Details
Innovation Portfolio Planning Action Plan and Next Steps

Innovation Portfolio Planning-v2.pdf

Document

Innovation Portfolio Planning-v2.pptx

Document
Contact Details and Map
Schedule