What is Innovation Maturity

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Innovation Maturity
Innovation Maturity is a term used to describe how proficient a business is, in driving it’s innovation output.
It can be measured using a number of indicators, including,
How well the leadership team and its executives perform, in providing, and promoting the right philosophies, beliefs, and values for innovation.
How well the businesses culture has evolved toward one that constantly embraces innovation and market relevance.
The level of innovation capability the organization has developed,
The proficiency and effectiveness of its overall Enterprise Innovation program.
Businesses with a low level of innovation maturity are those that give innovation a shot, but do not have a structured innovation process, these businesses are ones that typically label innovation a risky and costly undertaking.
Regardless of your level of Maturity, there are Intelligent approaches in building innovation capability, for those with Low Level Maturity, partnerships or corporate venturing could rapidly accelerate your output, for those with High Levels of Maturity Open Innovation Platforms open the world to your capability and can build new adjacent markets.
If you want to learn more about the power that Applied business innovation brings to you or your company come see me and the team at the APAC Innovation Institute. www.apacii.com. a proud authorised training provider of GInI the Global Innovation Institute