Strategic Innovation Assignment

Section Point Allocation

1. Innovation Portfolio 15
2. Innovation Radar 15
3. Business Model Canvas 20

For the innovation portfolio, innovation radar, and business model canvas, you may use a current or former
employer, or any company with which you are familiar.

Section 1: Innovation Portfolio

Please use the table below to:

a) Allocate existing and target percentage weights to your company’s innovation portfolio.
b) Describe your rationale for the difference between the weights you allocate to each dimension.
c) Describe how your company could innovate on each dimension.

Existing % Target % Rationale for Change Innovative Ideas

Differentiation

Revolutionary

Evolutionary

Fast Fail
Section 2: Innovation Radar
1. Using the 1-5 scale provided below, rate how innovative your company is along the 12 dimensions of
business innovation. Please use the lines provided to draw your company’s existing innovation radar
with red lines and the target innovation radar with green lines.
Copy and paste these lines on the diagram below.

5
4
3
2
1

Scale:
1 = No Innovation at All (Could be doing ok, just not innovative)
2 = Little Innovation (Innovate out of necessity)
3 = Moderate Innovation (Innovation supported and valued, but not as a key competency)
4 = Very Innovative (Innovation is supported, nurtured, & is the source of competitive advantage)
5 = Extremely Innovative (Changing basis of competition in industry)

2. Please describe the strategy (i.e., operational efficiency, customer intimacy, or product leadership)
your company should be pursuing and why. This may or may not be the same strategy your company is
currently pursuing.
3. If your target innovation radar differs on any dimension from your existing innovation radar (i.e., your
read and green lines don’t have the same points), please explain why those dimensions should change.
4. Please describe one innovative idea for each radar dimension that aligns with your chosen strategy. For
example, if you chose a product leadership strategy, then you would describe four ideas (Presence,
Networking, Brand, and Offerings).
Section 3: Business Model Canvas - Please complete the business model for your company in the template below using black text. Then
use blue text to identify how that company could innovate its business model in ways that align with the strategy and innovations you
recommended in the innovation radar.

Key Partners: Key Activities: Value Proposition: Customer Relationships: Customer Segments:

Get:

Keep:

Grow:

Key Resources: Channels:

Financial:

Physical:

Human:

Intellectual:

Cost Structure: Revenue Streams:

I’m Walking on Sunshine! Excellent work!!!