Our client was looking to build an innovation benchmarking tool to assess the maturity of various leading companies to redesign their client’s operating model.
The objective was to develop an innovation benchmarking framework that evaluates the maturity of a specific set of Fortune 500 companies across 4 areas including: talent, collisions, resources and impact.
10EQS conducted a quantitative survey engaging key stakeholders across leading Fortune 500 companies globally, including leaders in innovation, strategy, and transformation. 10EQS assessed how organizations structure their innovation practices, what key enablers they have in place, including tools and technologies, which KPIs are used to measure success, and which changes (positive and negative) have resulted from innovation efforts.
10EQS determined an innovation score for each targeting company. 10EQS found that centralized innovation models are predominant and key enablers for innovation are budget/funding, management support and process and structures. Further, one main outcome of innovation refers to organizations reporting a rise in innovation ideas and grassroots initiatives.
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