Agile Innovation Process - Driving Market Change Through Collaboration

Slide Note

The Agile Innovation Process is a team-based methodology aimed at developing products/services that disrupt the market, prompting competitors to adapt or exit. It involves breaking down projects into manageable tasks, experimenting with fast and cost-effective solutions, and iterating rapidly. Collaboration is key throughout the process, which includes determining innovation drivers, defining focus, making fast decisions, and implementation with internal and external resources.

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Uploaded on Apr 06, 2024 | 6 Views

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Presentation Transcript

Agile Innovation Process The Agile Innovation Processes is a team-based methodology for constantly adapting to changing business circumstances and conditions. The overarching goal of agile innovation is to develop a product or service that changes the market, forcing competitors to adapt or exit as a market player. In order to accomplish this goal, Agile Innovation Processes involve splitting up larger projects into simpler, more manageable tasks. Agile Innovation necessitates developing fast, cheap solutions. These solutions should be experimentally tested to gauge their effectiveness. Agile Innovation Processes are usually tailored to the organization s innovation and strategic goals and require a high degree of collaboration to support rapid iteration. Following an Agile Innovation Process typically involves four steps: Step 1: Determine who will drive the innovation process Step 2: Define focus of the innovation or change Step 3: Make fast decisions Step 4: Implement usinginternal and external resources 1 Want more best practices? Visit Praxie.com

Agile Innovation Process Determine how you will structure your Agile Innovation process by answering the questions below. Once complete, identify specific methodologies and tools you will use throughout your process. 1 2 3 4 Define Lead Define Focus Make Fast Decisions Implement What decisions must be made & how do we ensure fast decision- making? What internal and external resources are needed for implementation? What is the focus of the innovation or change? Who will lead the process? Assessment This text can be edited with the planned or completed actions This text can be edited with the planned or completed actions This text can be edited with the planned or completed actions This text can be edited with the planned or completed actions Actions 2 Want more best practices? Visit Praxie.com

Actions Create your action plan focused on implementing your Agile Innovation Process. Consider the people, processes, and technologies you will use to support your process. Actions Owner Due Date Enter action here Enter owner Enter due date 3 Want more best practices? Visit Praxie.com