The Hierarchical Model to Track Innovation describes the established organizational framework for idea collection, tracking and development, innovation management, and agile experimentation. This model provides an organized representation of all ideas, concepts, suggestions, issues and decisions, which we collectively call Intentions, that are cataloged and tracked in your innovation management system. The Hierarchical Model is used for reporting, analysis, performance measurement and forecasting on your innovation funnel, investments and cost benefit analysis to answer questions such as:
What is our return on innovation investments by business unit?
What percentage of our investments are focused on continuous improvement?
What percentage of our investments are focused on disruptive innovation?
Which business unit contributed the most (or the least) to our innovation efforts?
What is idea review and evaluation velocity?
Where are our idea management bottlenecks?
What innovations had the optimal return on investment?
Which challenge types work best?
Which participants or participant types show the highest level of engagement?
The Hierarchical Model consists of the following breakdown structures: Contributor Breakdown Structure (CBS), Innovation Breakdown Structure (IBS), Information Discovery Structure (IDS), and Work Breakdown Structure (WBS).
Download the Innovation Breakdown Structure Guide to learn more about how the hierarchical model can help your organization build a system of record for innovation.