7 tips on evaluating an innovation agency

7 tips on evaluating an innovation agency

As innovation budgets increase, procurement professionals must be able to evaluate potential innovation agencies before partnering up. Innovation agencies provide a mix of products and services such as defining and positioning innovation in an organization, building and validating new products and business models, and supporting collaboration with an external ecosystem. Here are seven criteria to evaluate an innovation agency and partner, including knowing which skills you are looking to add, asking for use cases, finding local market knowledge, building in flexibility, selecting an innovation consultancy that understands your industry, looking for a flexible, hands-on, and collaborative way of working, and assessing the real impact.

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More Innovation Resources:

Why is no one doing what works?

Learn how to scale your innovation initiatives by leveraging past mistakes and successes, and applying a clear framework.

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Intrapreneurs, Catalysts, Champions, etc: The Changing Needs Within Innovation Development

Corporate organizations are increasingly focusing on engaging and empowering employees as Intrapreneurs, Innovation Catalysts or Change Champions to drive business results, due to frustration from lack of tangible innovation results, culture pushback, and increasing financial pressures.

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Crossing the Chasm of Complexity

Crossing the Chasm of Complexity

Innovation is a U-shaped process that can be challenging in the middle. To get through, you need to rely on instinct, momentum, courage, faith, determination, and compassion.

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