For CEOs and senior executives. Get a group together. Multi-Factor analysis provides a meaningful basis for discussion.
Concerns you may have.
“Our internal culture does not encourage innovation”. “Our people do not bring forward any good ideas”. “We have so many ideas we do not know which to choose”. “We cannot get ideas off the ground”. “We cycle in and out of innovation periods. We cannot seem to sustain it”. “Not enough investment”. “Should we be more innovative?”. “Are we risk averse?”. “Can a combination of the best management practices encourage innovation?” “Do we have the best combination”?
If you want to get a discussion going about innovation have five to ten persons complete the multi-Factor analysis. Use the same characters – alpha or numeric – in the organization name so CIO can sort out your responses. CIO will send you a free report after analyzing the results. No attribution in the report. If you then want to extend the work to others in the organization, please contact us.
Or get (limited time offer) your free individual report; an example Registrant #205.
Do it yourself or have CIO do it.
To our knowledge, this is the only on-line methodology which provides the registrant with the facility to register the relative importance of a Factor (an innovation practice) and, at the same time, provide an opinion on their situation as well as compare results with other registrants.
Here is a sample of the report (Preview of survey report) which you receive after completing the survey.
By participating (Preview of questionnaire) you will have a much better understanding about innovation management practices within your organization and will have formed the basis for a discussion about innovation management with particular reference to;
- tolerance for new ideas, mavericks, failure, and out-of-the-box thinking
- management and Board expectations regarding innovation
- seeking opportunities versus a focus on cost reduction
- attention to people management
- incentives and rewards for innovators
- internal communications and openness to ideas
- use of independent work groups to get things done
- the hierarchy in place and decentralization of decision making
- availability of new venture financing
Is your organization aligned or is it like the birds? Is there a consistency of viewpoint vertically throughout the organization and across business units?
The twenty-five Factors can be grouped under a variety of topics for further analysis; leadership, management and organization of day-to-day affairs, and idea generation and realization. Check out CIO’s Innovation ecosystem before adopting new ideas!
Get your ‘Score’
On completion, a ‘Score’ provides a measure of your organizations practices impacting innovation. If your ‘Score’ is above 60, you should be concerned about how your organization manages innovation! You can compare your opinion on the ‘Ideal’ situation with other registrants.
Results are confidential and secure to you. Information will be used by us for statistical purposes only. You can change the data and receive a revised report by logging back in at any time. Just use your e-mail and password..
The on-line data base now includes entries from around the world; U.S.A., Canada, Turkey, U.K., Romania, Indonesia, India, Malaysia, Chile, Japan, Brazil, Czech Republic, Portugal and Russia. While the good news is that the data base is larger, respondents need to be mindful that the averages set out in the report you receive are based on respondents from all the countries noted as well as from a variety of organizations and from different levels within these organizations. Canada and the U.S.A. make up 63% of respondents. Other English speaking countries account for 24% as of May, 2019.
Contact us to receive a customized report on your own organization. CIO assigns your company a code, staff make use of the code to differentiate their entries from others and CIO provides a customized report for your further interpretation. Quite a simple process that could help your organization identify the source and magnitude of problem areas leading to the adoption of effective solutions.
Answering the Questions
Each question has two facets. The top row is “Your Ideal” – i.e. how you think things should be according to “Your ideal” – and the bottom row is “Your Reality” – how things actually are in your own organization. Answering both provides and indication of your weighting for each of the 25 Factors.
In the example below, the respondent has indicated that, ideally, there should be some mechanism for rewarding innovation, but that the reality for this respondent is that there are hardly any. Rewards, either monetary or non-monetary are, according to our research, an essential element to building and sustaining entrepreneurship and innovation. The size of the difference between your ‘Ideal’ and your ‘Reality’ provides an indication of the severity of the problem in your own organization!
Note that there is no “positive” or “negative” correlation between answers left or right of the midpoint. In other words, answering with a “-3” does not necessarily indicate a judgmentally “negative” response. Please note the extremes measured in each question carefully before answering.
Good luck and we hope you receive useful feedback. Thanks for participating.