An internal organizational program, based on
a systematic scalable model, that allows each employee to submit, pitch and execute valuable ideas in order to achieve meaningful business outcomes.
strategic challenge is on the spotlight and all employees are encouraged to submit their ideas.
meeting to filter out ideas, based on set criteria, and to decide which ones go up to execution phase.
Core methodologies & skills
- Design Thinking Methodology
- SCAMPER: Creative Thinking Tools
- TRIZ: Inventive Problem-Solving Method
- Problem Analysing RCA method
- Lean Canvas and Value Proposition
- Execution Work Plan
- Harnessing partners for your venture
- 5 Minutes Pitch
Questions & answers from the Quatro Team
4 criteria for success:
- Number of employees who suggested ideas in a year.
- Number of valuable ideas that were accepted in a year.
- Number of projects that reached to the execution phase.
- Length of time between an idea was submitted by an employee and the employee getting a Go/No Go decision from the relevant decision maker.
Why should employees take an active role and suggest ideas?
Here are a few reasons:
- Every employee who wants to pitch an idea gets personal
mentorship and gains valuable entrepreneurial skills.
- Employees have an opportunity to present to high-level decision
makers and improve their personal branding in the organisation.
- The process of formulating and implementing an idea gives each
employee the opportunity for new experiences that boost
motivation and passion.
The execution stage is crucial. When the management team gives a green light to an idea to go to execution, the team needs to also approve the execution plan, which includes: a budget, who the owner of the project is, what are the deadlines for each milestone, and which interfaces are involved.
Once every 2 months there is a status meeting with all execution stage teams to make sure that they are on track.
The innovation program aims to create business value through revolutionary ideas and the creation of new ground-breaking opportunities, but also through meaningful improvements to existing products/services/work processes. The challenges presented by managers, as well as their openness to allocating resources in cases of uncertainty, will often dictate what kind of innovation will be the result of this program.