1.    Clear Innovation Strategy:

High-performing innovation teams have a well-defined innovation strategy that outlines the areas where the organisation aims to innovate and the reasons behind those choices. This strategy ensures that the team stays focused on its objectives and avoids wasting resources on irrelevant innovation efforts.

2.    Innovation Dashboard with KPI’s:

An innovation dashboard equipped with up-to-date KeyPerformance Indicators (KPIs) allows teams to track their progress effectively. These KPI’s should be specific, measurable, and relevant to the team's objectives, providing a clear picture of their performance.

3.    Performance Measurement and Optimisation:

Regularly measuring performance is crucial for identifying areas that require improvement. High-performing innovation teams use data-driven approaches to assess their progress and optimize their processes accordingly.

4.    Alignment with Business Objectives:

The efforts of high-performing innovation teams are aligned with the overall goals of the organisation. Regular meetings with other businessunits ensure seamless integration and collaboration between teams.

5.    Learning and Experience Sharing:

Successful innovation teams foster a culture of continuous learning and experience sharing. Regular meetings, workshops, and knowledge-sharing sessions help team members gain valuable insights and learn from each other's successes and failures.

6.    Use of Innovation Toolset:

Innovation teams leverage a variety of tools, such as canvasses, funnels, and models, to support their work. These tools provide a structured approach to generating and evaluating ideas, making the teammore efficient and effective.

7.    Utilisation of Innovation Software:

Innovation software serves as a platform for collaboration, idea sharing, and progress tracking within the team. Customisable and user-friendly software enhances teamwork and creativity.

8.    Training by Innovation Experts:

High-performing innovation teams have access to training programs that equip them with the necessary skills and knowledge. This training can be provided by external experts or internal employees with innovation experience.

9.    Monthly Idea Campaigns:

Regular idea campaigns keep the innovation pipeline active, ensuring a steady flow of new ideas. These campaigns may focus on specific strategic topics or be open to any ideas team members may have.

10.  ContinuousEvaluation and Adjustment:

High-performing innovation teams regularly evaluate their activities to identify areas for improvement. By making necessary adjustments, the team ensures continuous progress toward its goals.

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To drive growth and competitive advantage, organisations must cultivate a culture of innovation and foster high-performing innovation teams. By embracing the ten characteristics outlined in this blog post, teams can become more productive and effective in generating and implementing ideas that contribute to the success of the organisation.

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