Innovation Navigator for Cluster Development

by Jörgen Eriksson on January 19, 2015

The Challenge

innovate_logoMost organisations realities today are characterised by hyper competition and rapid changes in all forms, from customer demands to tech­nological development. Consequently, competitive barriers to entry that were once considered permanent are gone and have been replaced by competitive advantages that continuously mutate.

This means it is increasingly difficult to set long-term mission, vision and strategies and adhere to them. Rather, setting long term objectives based on the adage "What are we really good at and how can we use it?” have become more relevant.

This reality forces a need for constant renewal and incremental enhancements, which are predicated on being innovative. Innovation is not just about product development, but also about incremental renewal of the business model, distribution, processes and the entire ecosystem around the organisation.

It is about developing and changing in order to meet evolving customer needs in a way that the competitors are not able to emulate. It is the company’s unique capabilities and strengths that determine its ability to do so.

Four years ago, Bearing launched the Innovation Navigator. The tool and accompanying methodology has been a major success in projects where we help corporations and other large or medium size organisations measure and improve their innovation capabilities.

Innovation Navigator footprint

The Innovation Navigator™ is used to measure and analyse the innovation capabilities and unique strengths of an organisation, and to help find the future sweet spots.  We make the assessment by a combination of in-depth interviews with key people, and a computer based survey that is sent out to employees, customers, partners and suppliers. The survey presents a spider chart and also significant key figures based on a statistical analysis model. The system also provides for benchmarking, between respondent groups and over time.

A Navigator analysis focuses on four key areas: Offerings, Presence, Processes and Customers and gives an X-ray of the business, showing all aspects of the company’s innovation capabilities, perceived strengths and weaknesses, as well as giving a concrete mapping of the its unique or possible Sweet Spot. Based on this analysis, the organisation can establish a comprehensive strategy for enhancement of competitive advantages and profitable development and growth.

Innovation Navigator for Cluster Development

Since about one year, we are developing a new version, Innovation Navigator 2.0, which will also allow us to measure and support development of business clusters taking large number of stakeholders both inside and outside of the clusters into account.

This is a major step forward for Bearing, in combining our 15 year experience of regional development and place management with the modern tool for innovation capability development, and we aim to run pilot projects in two European countries in 2015. Watch this blog for regular updates.

regional_development

About Jörgen Eriksson :

Jörgen Eriksson is the founder of Bearing and is the Chairman of the firm since it was created. He has successfully expanded Bearing into covering projects on four continents. He is also Adjunct Professor of Innovation Management at the International University of Monaco and at Universitat Politècnica de Catalunya in Barcelona and he is an active member of the Founders Alliance organisation.

Working with consulting engagements across Bearings practices, he has over the past fifteen years participated in and supervised a large number of client projects, from innovation system development and place development and branding, to merger and acquisition assignments and leading edge research and business development activities for key clients.

His new book, Branding for Hooligans, will be published in 2015. It is about how innovation and branding are key survival factors in our modern times of hyper competitive markets.

Prior to Bearing, he was Director of Europe, Middle East, and Africa for Trema Treasury Management, a technology and consulting services provider, supplying financial software solutions for the global financial industry, Clients included The European Central Bank, Citibank, SEB, South African reserve Bank, Deutsche Bank, Abu Dhabi Investment Authority (ADIA), as well as many other large financial institutions and Fortune 500 companies.

Early in his career Eriksson was educated at the Stockholm School of Economics, where he studied economics, financial economics and philosophy. He then worked in Scandinavian investment banks and also for the Swedish Institute of National Defense Research.

You can contact Jörgen on e-mail jorgen.eriksson@bearing-consulting.com, connect on LinkedIn on http://fr.linkedin.com/pub/jörgen-eriksson/0/38/8a0/ and follow him on twitter on joreri508.

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