Create an Innovation creating project charter.pptx

Innovation project charter

1. Create an Innovation Charter That Provides Purpose and Clarity 14 September 2021 Shareable Summary Sharing Guidelines for this document As a licensed Gartner user, you may share this document with other individuals (both licensed Gartner users and non-Gartner license holders) in your organization for the purposes of supporting you in your job role and supporting your priorities. You may forward this PowerPoint in its entirety or include select slides or graphics in your own presentations to your senior management, Board of Directors, or key stakeholders within your organization or your team. In all instances of sharing, ensure that Gartner is attributed as the source of this content. PLEASE NOTE: This document is intended strictly for your noncommercial use – it cannot be posted on your intranet or resold and is not intended to avoid the purchase of additional user licenses. For additional information, please refer to Gartner Usage Policy. ©2023 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner's prior written permission. It consists of the opinions of Gartner's research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see "Guiding Principles on Independence and Objectivity." Gartner research may not be used as input into or for the training or development of generative artificial intelligence, machine learning, algorithms, software, or related technologies.

2. Shareable Summary View Document 1 Summary Innovation initiatives should know what success looks like and how to achieve it. Executive leaders responsible for innovation can create clarity with an innovation charter that defines the purpose and scope of the innovation effort, including structure, governance and metrics.

3. Shareable Summary View Document 2 Key Findings Many innovation initiatives suffer because business and innovation leaders have not clearly articulated their expectations for the program — or even made clear what they mean by innovation. Without clear expectations, innovation teams struggle to understand their own role and their relations to the wider enterprise. Innovation initiatives without clear goals have a high risk of being deemed failures, since success was never defined at the start.

4. Shareable Summary View Document 3 Recommendations Executive leaders designing innovation programs and prioritizing innovation efforts should create and ratify an innovation charter that provides purpose and clarity for the innovation program and team: Set clear expectations for the innovation program by defining the goals and principles that will guide the initiative. Establish the roles and responsibilities for the innovation team by designing the organizational structure and governance model for the team. Determine success by specifying the metrics and reporting that the innovation program and team will be held against.

5. Shareable Summary View Document 4 Figure 1: Key Elements of a World-Class Innovation Charter

6. Shareable Summary View Document 5 Figure 2: Business Objectives

7. Shareable Summary View Document 6 Figure 3: Innovation Goals

8. Shareable Summary View Document 7 Figure 4: Dimensions of Innovation Focus

9. Shareable Summary View Document 8 Figure 5: Innovation Measurement Categories

10. Shareable Summary View Document 9 Recommended by the Authors Gartner membership required to access the research below. Leverage a Customizable Innovation Framework to Design Effective Innovation Roadmaps Successful Innovation Begins With the Business Strategy: Use Business Objectives and Goals to Start Your Innovation Journey Your Context and Principles Are Key When Starting an Innovation Journey Use 7 Dimensions of Innovation to Create Your Innovation Perimeter and Portfolio Key Roles and Job Descriptions for Staffing Innovation