Posts Tagged ‘idea space’

20. Innovation Quotient

20.Innovation Quotient

Predictive Innovation allows you to map the entire idea space for a concept. This means you can calculate the percentage of the idea space open for innovation or covered by your design. That percentage is the Innovation Quotient. A perfect Innovation Quotient is 100%.

The simple version of the Innovation Quotient is:

Innovation Quotient

This allows you to compare the potential of two different idea spaces or two different approaches to address an idea space.

The simple version is good for getting a quick-rough estimate of the innovation potential of a market or design. The more detailed approach to calculating the Innovation Quotient can:

  • quantify risk
  • compare the value of different designs
  • calculate depreciation for an innovation

Innovation Quotients are beyond the scope of Core Skills and are only mentioned to make you aware of additional capabilities of Predictive Innovation.

Attend a Predictive Innovation class to learn more about creating business models, designing strategies, and calculating advanced Innovation Quotients.

Chapter 19 Chapter 21

3. Predictive Innovation: Core Skills — Overview

3. Overview

Paths to the Ideal of the Idea Space

Paths to the Ideal of the Idea Space

Anything that can be made or done must be able to be described. If you can't describe it there is no way for you to do it.

Once you describe it, you can also describe the ideal version. The ideal does what you want, when you want, where you want, the way you want, with whom you want, for the price you want with no hassle. If you start from the ideal then go backwards to what is available today, each step is an innovation.

What, How, and Doing it

To innovate you need ideas and to put those ideas into action. Ideas fit into two basic categories: what to make and how to make it. Only when you correctly identify what to make and the most profitable way to make it can you actually make your product or service. Additionally, to accurately measure your performance you need the correct criteria.

Ideas vs. Performance, Thinking vs. DoingThis book shows you the basics of how to determine what to make and how to make it. It's up to you to put those ideas into practice.

You need to know what you will make before you can figure out how to make it; but, the ways to make things influences what to make. A pocket MP3 player depends on electricity, which depends on batteries, which depends on the materials to make a battery.

Each step affects the next step. Choices of what to make interact with how to make it. You will use different parts of Predictive Innovation depending on if you are focusing on what or how. You will want to learn all the Core Skills but this table shows which parts to focus on for either What or How.

What

How

  • Outcomes
  • Ideal
  • 6Ws
  • Satisfaction and Importance Levels
  • Universal Process
  • Alternatives Progression
  • Element Combinations
  • Importance 5-point scale
  • Dilemmas
  • Elements
  • Alternatives
  • Functions
  • Components
  • Importance rank order Agile Projects
Chapter 2 Chapter 4

15 Alternatives

Alternatives Grid

Alternatives is an essential Core Skill for Predictive Innovation. It helps you ask better questions, find all the answers, and ensure you have covered the entire idea space.

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