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Lodestar InnovationOne Brief

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Lodestar InnovationOne Brief

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Today's most robust innovation assessment instrument validated by academic peer review and years of in-market applications. Already used by thousands of professionals across a wide range of industries. Enables systematic and continuous innovation, resulting in improved business outcomes.

Today's most robust innovation assessment instrument validated by academic peer review and years of in-market applications. Already used by thousands of professionals across a wide range of industries. Enables systematic and continuous innovation, resulting in improved business outcomes.

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Lodestar InnovationOne Brief

  1. 1. LODESTAR InnovationOne © How can innovation benefit my organization? What is my organization’s innovation culture? How can our innovation orientation be improved and sustained to the point where it can be a competitive advantage? Are we maximizing our potential? What It Is Lodestar InnovationOne© is a unique proprietary innovation ta tion I en (M nno a r k va em s) et t i assessment tool designed to address how well an organization pl ce ur O P ro p e n n si ty on ient (R n Im ti o A li g n r is performing with its innovation culture, practices and o In atio es In n o va te n ) ti o Ne ana nt men tiv e ova ity e c ye M behaviors. The assessment takes into account both internal w ge nn plo Ve m Inn MANAGEMENT CENTRIC t nt en Co Em EMPLOYEE CENTRIC ur t and external factors across twelve key dimensions. Lodestar e Em E m p p lo y e e t e g ic ower Stra ucture provides clients with prescriptive guidance, equipping them men t INNOVATION Infra str with the tools necessary to address poor performing areas. ess B u s in m e n t NEXUS E m p lo ye e S k on & C re il ls E n v ir t m e n t a ti v it y Enac t The Lodestar InnovationOne© assessment metric is based in dge lien Or L ga em le C Financi s s ow p / ni Know p/Client Techno Support n za ing Inn ea io Di Kn om on 7 years of historical data from over 800 companies and en ) at tio rn nt tion Gene dge C n ov d/ na t ratio rie In al n nta l logical at (E n I le om thousands of professionals who have already completed the xe o i I c u Ind/C O nf tio et t i o ra n) & assessment. Scientifically developed and rigorously tested, a r k va (M nno I tur str uc the InnovationOne© tool has been proven successful in a e broad spectrum of industries and organizations, and with a wide array of professionals, including executive as well as rank INNOVATION INNOVATION BEHAVIORS ENVIRONMENT and file employees. This marketplace validation is supported by peer reviewed academic research and publications which further validate InnovationOne’s constructs and efficacy. When compared to firms that have low innovation orientations, high innovating firms... ...have better top and bottom line growth. Key Benefits ...report higher levels of customer satisfaction. ...engage in value creation strategies. ...experience higher return on investments. Organizations completing the Lodestar InnovationOne © assessment receive essential benefits including: ► A baseline for prescriptive actions to improve innovation capacity ► Insights to improve innovation culture, key to developing a sustainable competitive advantage ► Specific and planned innovation strategies related to both incremental and radical innovation ► The ability to systematically align innovation and business strategy ► Elevated employee behaviors and actions aimed at driving innovation © 2011 Lodestar Research Corporation. All rights reserved. Research Innovation Information Management
  2. 2. LODESTAR InnovationOne © What You Get How Does Your Organization Rate? ► Initialbriefing to explain, discuss and align on the A Typical Example of Gaps in Perception of Innovation definition, importance, role and impact of Executive Management Operational Level Employees innovation in organizations Innovation Propensity ► Online survey and data collection 100 Overall Innovation Score Employee Connectivity 90 ► Comprehensive 360-degree review of organization 80 innovation effectiveness, covering 12 areas 70 Alignment 60 Strategic Infrastructure ► Presentation to review and discuss results 50 40 ► High level overview of enhancements to improve 30 your innovation practices New Venture 20 Employee Skills Management 10 & Creativity Customization Employee Organizational Empowerment Learning Add contextually relevant questions Deeper benchmarks analysis Business Enactment Tech & Financial Support Advanced analytics, such as robust crosstab Knowledge Dissemination Knowledge Generation analysis, correlations and predictive analytics Longitudinal analysis to track measures over time in connection with innovation programs Action planning sessions USA CANADA Harun Asad Dr. Brooke Dobni Chief Strategy & Innovation Officer Principal, Strategian For More Information harunasad@lodestarlink.com dobni@innovationone.org 914.299.6193 306.260.5493 www.lodestarlink.com www.innovationone.org About Lodestar Lodestar is a strategic consulting firm headquartered in Princeton, New Jersey providing research, innovation and information management services and solutions to clients in the media, technology, healthcare and financial services industries. Emphasizing a high-touch, high-involvement approach, Lodestar is committed to building rewarding, long-term client relationships based on mutual trust, transparency, responsiveness and collaboration. About InnovationOne© InnovationOne© was originally developed by Dr. Brooke Dobni, founder of Strategian, the thought leader on innovation in Canada. Initially a research tool for evaluating the market orientation and business performance of U.S. telecommunications firms, InnovationOne© has evolved into today's most robust measure of innovation. InnovationOne© provides a benchmark in assessing an organization’s innovation capacity, and a platform from which to develop an innovation strategy; more effective business models; and new architectures for employee participation and engagement. © 2011 Lodestar Research Corporation. All rights reserved. Research Innovation Information Management

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