Benefits
Benefits for individuals
■A step-by-step roadmap that helps entrepreneurs and intrapreneurs identify and turn an opportunity into a feasible plan of action, or realize that it is not worth pursuing
■Reducing the cost and probability of failure of any project or initiative
■A clear universal decision tree to select or eliminate projects
■A new way to present projects to decision makers, which is considerably easier than writing a business plan; this approach also helps decision maker allocate resources more efficiently
This book also empowers people to become more entrepreneurial and propose new initiatives. It particularly helps those who unfortunately:
■are not convinced that their idea is robust enough (lack of confidence)
■have not been taught how to validate their idea to verify actual feasibility
■do not know how to present their idea in a convincing manner to their management
■do not know what criteria management uses for selecting projects
■are afraid to have their idea “stolen” by someone else in the organization
The IpOp Model helps boosts people’s career when they are prepared to become proactive
Benefits for organizations
The IpOp Model is considered by the organisations that have implemented it as a best practice to support innovation. It usually brings the following benefits:
■Using a clear process for managing and maturing ideas at the pre-project stage
■Stimulating emerging innovation (bottom-up initiatives)
■Acquiring new competitive advantages (including non-tech initiatives)
■Reducing the cost of project failure
■Using a uniform methodology for evaluating the feasibility of innovations and initiatives for the whole organization (from cost or process improvement to new services innovation)
■Eliminating projects at an earlier stage, thus saving resources
■Improving the “stage-gate” process for managing innovation
■Complementing the “six sigma” methodology by expanding the scope of innovation
■Empowering employees to become proactive change agents supporting change management initiatives
■Boosting employees’ motivation and engagement
■Increasing customer orientation
■Sharing a common vocabulary and methodology to handle innovation
■Deploying an effective innovation knowledge management supporting a learning organization