Corporate Innovation Portfolio
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An excerpt of my proposal to the implementation and management of Corporate Innovation portfolio based on Tendayi Viki's book: The Corporate StartUp and Lean Management principles.
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Corporate Innovation Portfolio
- 1. Corporate Innovation & Digital Transformation: Innovation Portfolio
- 2. The portfolio is the glue between strategy and execution.
- 3. Strategic Themes 1 2 3 4 Innovation Portfolio Management by Johnny Ordóñez AllIdeas SharkTank Refinement GO! EcosystemHypotheses backlog Priority Incremental Innovation Adjacent Innovation Disruptive Innovation Portfolio BalancingInnovation Initiatives Customers / Market Product building and Hypothesis validation External execution Fintechs, StartUps, Providers, Universities, other innovation labs. Business Development Operations Innovation Lab 3 months 3 months 3 months REVIEW THE MINIMUN VIABLE PRODUCTS VALIDATED LEARNING Business Model Metrics Insights Reporting KPIs DECISION POINTS CONTINUE STAND BY DISCARD DONE / VALIDATED! Products & Experiences Feedback Innovation Thesis Validation RE-BALANCE Portfolio Prioritization Portfolio Team Organization Customers/Market - + -+ Known Known Innovation Budgeting MINIMUM VIABLE STRATEGY Are we achieving our strategic goals? Are we generating the impact on our Customers, Market, and our Business? Is this meaningful innovation? GLOBAL KPIs REPORTING KPIs External ideas Ideas from the Ecosystem (Open Innovation). Execution Streams ~ 60%-70% ~ 30%-40% ~10%
- 4. Strategic Themes 1 2 3 4 Innovation Portfolio Management by Johnny Ordóñez AllIdeas SharkTank Refinement GO! EcosystemHypotheses backlog Priority Incremental Innovation Adjacent Innovation Disruptive Innovation Portfolio BalancingInnovation Initiatives Customers / Market Product building and Hypothesis validation External execution Fintechs, StartUps, Providers, Universities, other innovation labs. Business Development Operations Innovation Lab 3 months 3 months 3 months REVIEW THE MINIMUN VIABLE PRODUCTS VALIDATED LEARNING Business Model Metrics Insights Reporting KPIs DECISION POINTS CONTINUE STAND BY DISCARD DONE / VALIDATED! Products & Experiences Feedback Innovation Thesis Validation RE-BALANCE Portfolio Prioritization Portfolio Team Organization Customers/Market - + -+ Known Known Innovation Budgeting MINIMUM VIABLE STRATEGY Are we achieving our strategic goals? Are we generating the impact on our Customers, Market, and our Business? Is this meaningful innovation? GLOBAL KPIs REPORTING KPIs External ideas Ideas from the Ecosystem (Open Innovation). Execution Streams ~ 60%-70% ~ 30%-40% ~10% Innovation Thesis
- 5. Strategic Themes 1 2 3 4 Innovation Portfolio Management by Johnny Ordóñez AllIdeas SharkTank Refinement GO! EcosystemHypotheses backlog Priority Incremental Innovation Adjacent Innovation Disruptive Innovation Portfolio BalancingInnovation Initiatives Customers / Market Product building and Hypothesis validation External execution Fintechs, StartUps, Providers, Universities, other innovation labs. Business Development Operations Innovation Lab 3 months 3 months 3 months REVIEW THE MINIMUN VIABLE PRODUCTS VALIDATED LEARNING Business Model Metrics Insights Reporting KPIs DECISION POINTS CONTINUE STAND BY DISCARD DONE / VALIDATED! Products & Experiences Feedback Innovation Thesis Validation RE-BALANCE Portfolio Prioritization Portfolio Team Organization Customers/Market - + -+ Known Known Innovation Budgeting MINIMUM VIABLE STRATEGY Are we achieving our strategic goals? Are we generating the impact on our Customers, Market, and our Business? Is this meaningful innovation? GLOBAL KPIs REPORTING KPIs External ideas Ideas from the Ecosystem (Open Innovation). Execution Streams ~ 60%-70% ~ 30%-40% ~10% Innovation Portfolio
- 6. Strategic Themes 1 2 3 4 Innovation Portfolio Management by Johnny Ordóñez AllIdeas SharkTank Refinement GO! EcosystemHypotheses backlog Priority Incremental Innovation Adjacent Innovation Disruptive Innovation Portfolio BalancingInnovation Initiatives Customers / Market Product building and Hypothesis validation External execution Fintechs, StartUps, Providers, Universities, other innovation labs. Business Development Operations Innovation Lab 3 months 3 months 3 months REVIEW THE MINIMUN VIABLE PRODUCTS VALIDATED LEARNING Business Model Metrics Insights Reporting KPIs DECISION POINTS CONTINUE STAND BY DISCARD DONE / VALIDATED! Products & Experiences Feedback Innovation Thesis Validation RE-BALANCE Portfolio Prioritization Portfolio Team Organization Customers/Market - + -+ Known Known Innovation Budgeting MINIMUM VIABLE STRATEGY Are we achieving our strategic goals? Are we generating the impact on our Customers, Market, and our Business? Is this meaningful innovation? GLOBAL KPIs REPORTING KPIs External ideas Ideas from the Ecosystem (Open Innovation). Execution Streams ~ 60%-70% ~ 30%-40% ~10% Innovation Practice
- 7. Strategic Themes 1 2 3 4 Innovation Portfolio Management by Johnny Ordóñez AllIdeas SharkTank Refinement GO! EcosystemHypotheses backlog Priority Incremental Innovation Adjacent Innovation Disruptive Innovation Portfolio BalancingInnovation Initiatives Customers / Market Product building and Hypothesis validation External execution Fintechs, StartUps, Providers, Universities, other innovation labs. Business Development Operations Innovation Lab 3 months 3 months 3 months REVIEW THE MINIMUN VIABLE PRODUCTS VALIDATED LEARNING Business Model Metrics Insights Reporting KPIs DECISION POINTS CONTINUE STAND BY DISCARD DONE / VALIDATED! Products & Experiences Feedback Innovation Thesis Validation RE-BALANCE Portfolio Prioritization Portfolio Team Organization Customers/Market - + -+ Known Known Innovation Budgeting MINIMUM VIABLE STRATEGY Are we achieving our strategic goals? Are we generating the impact on our Customers, Market, and our Business? Is this meaningful innovation? GLOBAL KPIs REPORTING KPIs External ideas Ideas from the Ecosystem (Open Innovation). Execution Streams ~ 60%-70% ~ 30%-40% ~10% Innovation Accounting
- 8. i9 presentation to Joe Smith60 Thank you! Johnny Ordóñez Johnny Ordónez Ortiz @JohnnyOrdonez Johnny Ordóñez