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What's a clear and standardised method to evaluate idea and benefits?
First, I’ll introduce a simple one-page self-assessment form that should be completed before submitting any idea. This form should include these key questions:
1️⃣ How Workable is the Idea?
Determine if the idea explores new territory or if it's something that has been overdone without room for innovation.
2️⃣ How Willing is the Market?
Assess whether there is a genuine demand for the solution and if customers are willing to pay for it.
3️⃣ Is It Winnable?
Evaluate how quickly and effectively the idea can be executed in comparison to competitors.
4️⃣ Tactical Alignment:
Consider how well the idea aligns with the organization's strategic priorities.
5️⃣ Technical Feasibility:
Examine whether the necessary technical skills are available in-house or if they can be sourced cost-effectively.
6️⃣ Financial Analysis:
Calculate the potential financial gains versus the perceived risks of pursuing this innovation.
By using this standardised self-assessment form, you not only guide individuals to think critically about their ideas but also provide an objective and transparent evaluation process. It simplifies the assessment and ensures that each idea is evaluated using the same criteria.
Make sure you claim your free Innovation Checklist to create rapid innovation at minimal risk here: https://breakthroughinnovator.com/
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By nils veskFirst, I’ll introduce a simple one-page self-assessment form that should be completed before submitting any idea. This form should include these key questions:
1️⃣ How Workable is the Idea?
Determine if the idea explores new territory or if it's something that has been overdone without room for innovation.
2️⃣ How Willing is the Market?
Assess whether there is a genuine demand for the solution and if customers are willing to pay for it.
3️⃣ Is It Winnable?
Evaluate how quickly and effectively the idea can be executed in comparison to competitors.
4️⃣ Tactical Alignment:
Consider how well the idea aligns with the organization's strategic priorities.
5️⃣ Technical Feasibility:
Examine whether the necessary technical skills are available in-house or if they can be sourced cost-effectively.
6️⃣ Financial Analysis:
Calculate the potential financial gains versus the perceived risks of pursuing this innovation.
By using this standardised self-assessment form, you not only guide individuals to think critically about their ideas but also provide an objective and transparent evaluation process. It simplifies the assessment and ensures that each idea is evaluated using the same criteria.
Make sure you claim your free Innovation Checklist to create rapid innovation at minimal risk here: https://breakthroughinnovator.com/