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Innovation Benchmarking

Overview

How will anyone be able to tell how amazing your innovation efforts are without a benchmark? This is where our data geeks come to the rescue. Innovation Benchmarking provides a comprehensive assessment of an organisation’s current strengths and areas for improvement when it comes to innovation. The report will also compare your performance against the most innovative organisations in your industry. With this in hand, you can make strategic decisions backed by data.

What’s it like?

It is similar to an audit, but a lot less scary! We will gather both quantitative and qualitative data (painlessly) and analyse your performance against the nine key drivers of innovation. You’ll get an in-depth written report which will give you an accurate read on the key drivers and inhibitors of innovation at your organisation, and how you sit in comparison to other organisations in your industry and against others of a similar size . You’ll like the fact that it’ll take the guesswork out of your approach and provide clear focus areas for your organisation to improve.

How does it work?

We get all of this data very painlessly via:

  • An eight-minute online survey distributed to your whole organisation. The survey gathers employees’ perceptions of innovation at your organisation;
  • An hour-long written submission for your innovation lead to complete. This provides more in-depth information on how innovation is embedded at your organisation.

Afterwards, you’ll receive a very friendly report, that you can’t bear to leave on a shelf.

What will it achieve?

Here’s a taster of what you can expect:

  • Ability to set a baseline before you embark on a full innovation program to allow you to track a clear ROI.
  • Quantify the impact of internal initiatives that have been rolled out to boost innovation.
  • Use real data to drive future internal innovation initiatives, and to work out the most impactful areas to focus your efforts.
  • Accurately measure whether the culture of your organisation supports innovation.
  • Ability to benchmark your organisation against other organisations in your industry or of a similar size.

“Would I recommend Inventium? There’s no other answer than “of course.” From that first meeting with Inventium, I was bowled over by their energy, their professionalism, their very different approach to innovation. If you’re not sure how to tackle a problem, you’re not sure how to test ideas, or you’re just not sure how you can more powerfully implement ideas you already have, these are the guys who can touch any parts of that and very very powerfully so.”

Brand Strategy & Innovation Manager – Virgin Australia

The Proof

Check out how Australian Unity quantified their outstanding improvement in innovation performance using our Innovation Benchmarking.

Did you know that Inventium’s Innovation Benchmarking is the methodology used in the Australian Financial Review’s Most Innovative Companies List?
Regardless of whether you rank or not, all entrants receive a mini Benchmarking Report, which is a great way to get started.

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Phone: +61 3 9018 7455
Email: hello@inventium.com.au
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