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And You May Ask Yourself, ‘Well, How Did I Get Here?:’ Using Portfolio Views to Build Your Innovation Roadmap
“And you may ask yourself, ‘Well, how did I get here?’”
And you may ask yourself, ‘How do I work this?’
It is no secret that organizations must innovate in order to survive and thrive in our hyper-competitive marketplace. When a known problem, challenge, or opportunity presents itself, the very first decision to be made is frequently whether to launch a new innovation program as a solution. But making that decision doesn’t always come easily. With so many factors to consider and directions to go in, it is crucial to take time to get a good sense of where you are, how you got there, and where you need, and want, to go. 1980s new wave band song lyric reference aside (“Once in a Lifetime” by the Talking Heads in case you were wondering), getting a holistic view of where your organization is today, relative to your market and your competition, is the very first step in deciding whether to develop a new innovation program. And a very simple tool, the portfolio view, can help you plot out your roadmap.
As mentioned in last week’s blog post, I recently took a seat in front of the camera for a series of videos aimed at helping organizations to develop more impactful future states. As follows is the second in the series, with a focus on portfolio views.
Remember, it is not – and shouldn’t always be – “the same as it ever was, same as it ever was” when it comes to innovation and when and how to engage in a new program (last 80s music reference, I promise). With the implementation of a simple, useful tool such as the portfolio view, you can come away with a clearer vision on how to get a clearer vision when planning and managing your business’ innovation programs.
PS — Looking for more on portfolio views and how to put them to use? Check out an additional resource on this vital tool, here.
But Wait, There’s More
Ready to learn more about Intentional Innovation®, our commercially-proven process to simplify and deploy higher performing, longer lasting, innovative solutions that drive new revenues and deeper customer engagement, and how Teaming Worldwide can help you solve your business’s most pressing innovation pain points? Let’s connect. Visit www.teamingworldwide.com/innovation to schedule a discovery call or email hello@teamingworldwide.com.