Innovation Maturity Matrix – A Model to Successful Innovation Transformation

With the threat of disruption looming, many organizations are under pressure to transform their businesses towards becoming more innovative. However, adding minor changes or a new innovation team is not enough. Innovation needs to be a core part of the way the organization works. In order to achieve successful innovation, organizations must consider an innovation transformation. But, where to start? The authors introduce the Innovation Maturity Matrix, a tool that can help companies identify where they currently are in terms of their innovation capabilities and create a roadmap for future improvement. The matrix is a framework designed to illustrate the difference between those who succeed in innovation and those who don’t. The two variables that innovation performance ultimately boil down to are maturity and scale. The top innovators can be found in the advanced group, constantly thinking about the long-term future of their organization, while improving their existing business one innovation at a time. For those organizations looking to become a top innovator, strong leadership, decisive actions, and clear communication are required to get the process started.