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Innovation Readiness Assessment (2021-22)

· Mar 5, 2022 ·

Challenge:

A governmental entity recognised the need to evaluate its institutional readiness for innovation and transformation. Faced with a rapidly changing environment, the department sought an 18-month programme of support to assess its capabilities and identify areas for improvement. The department aimed to foster a culture that embraced innovative practices while ensuring alignment with its strategic objectives. These were foremost amongst their key challenges:

  1. Lack of a structure approach to innovation.
  2. Insufficient engagement amongst departments.
  3. Undefined metrics for innovation success.

The Oracle’s Solution:

To address these challenges, Oxford Oracle implemented its proprietary Innovation Scorecard™ approach. This methodology involved a comprehensive assessment of the department’s current state in terms of innovation readiness. The process began with an extensive stakeholder engagement phase, including interviews and surveys to gather insights from employees at all levels. Following this, Oxford Oracle facilitated a series of workshops designed to explore the department’s strengths and weaknesses in relation to innovation.

The workshops focused on several key areas, which are summarised in the table below:

Key AreaDescription
Defining Innovation GoalsEstablishing clear objectives for innovation aligned with departmental strategy.
Enhancing Cross-Departmental CollaborationPromoting teamwork and communication across various departments.
Establishing Clear Performance MetricsDeveloping measurable indicators to assess innovation progress.

Participants were encouraged to share their experiences and ideas, fostering a collaborative environment that promoted creative thinking. The Innovation Scorecard was then tailored to reflect the specific needs of the department, providing a clear framework for measuring progress over the 18-month period.

As part of the solution, Oxford Oracle also provided ongoing support through regular check-ins and adaptive refinements based on feedback from participants. This iterative approach ensured that the programme remained responsive to the evolving needs of the department.

Consequential Impact:

The implementation of the Innovation Scorecard had a significant impact on the organisation’s operations. By the conclusion of the 18-month programme, there was a marked improvement in innovation-related metrics, including increased employee engagement and enhanced collaboration across departments. Feedback from participants indicated a greater understanding of innovation processes and a stronger commitment to embracing change.

The client organisation reported that the structured approach provided by Oxford Oracle helped clarify its strategic objectives related to innovation, leading to more informed decision-making. The success of this initiative has resulted in a permanent innovation framework within the organisation, ensuring that the gains achieved during the programme are sustained long-term.

The Oracle’s intervention thus not only assessed institutional readiness but also led to a culture of continuous improvement and innovation.

Business and IP Strategy, Business Efficiency, Business Support, IP Protection, Mentorship, Professional Development

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