Venture Thinking
Innovation Portfolio Development
Assess your sources, flow and risk balance to ensure you've got the right opportunity portfolio to deliver on your mandate
The Normative team helped us understand the power of design to engage our target customers, create products based on their needs and deliver a differentiated customer experience
Why we do it
If there is innovation happening in your organization already, is it on strategy? Is it duplicated? Well timed? Too risky? Without a portfolio view of your innovation opportunities, you won't know. Long term success requires structure and methods to evaluate how your portfolio is performing.
What we do
DEVELOP PORTFOLIO THEORY
Establish the ideal mix of ideas, timelines, levels of investment, potential risks, impact and categories for the model to perform effectively and at scale for your company
MAP THE CURRENT STATE
Audit and categorize the current portfolio across all business units based on a standardized structure for comparing value and risk
IDENTIFY EXTERNAL FACTORS
Identify external influences that may impact your portfolio and agree on how to mitigate those risks
UPDATE INNOVATION FLOW
Determine how the portfolio might impact sourcing, gating or budgeting of your overall program. Consider horizon, categories and risks
ESTIMATE THE BUDGET AND RESOURCES
Estimate the budget and time required for ongoing operation of the portfolio pipeline to ensure resources and planning are in place
What you get
INNOVATION HORIZON
Foundation for the long-term evolution of your business through innovation opportunities and priorities at each stage and category across the company
WORKING INNOVATION BUSINESS MODEL
Rationalized budget and resource requirements to support the portfolio and create a line of sight to expected results
CRITERIA FOR ADJUSTMENTS
Criteria for evaluating your portfolio over time to decide if revisions to strategy or specific opportunities are required