Framework for Evaluating Innovative Concepts PPT
This PPT slide, part of the 20-slide Innovation Toolkit - A Playbook for Innovation Blueprint PowerPoint presentation, titled "Idea Resume" serves as a concise framework for evaluating innovative concepts. It outlines essential components that should be considered when articulating an idea on a single page. The structure is divided into several key sections, each addressing a critical aspect of the idea's viability and potential impact.
The first section, "Idea Description," prompts the user to clearly define the solution being proposed, whether it is currently available or intended for future implementation. Following this, the "Customer Need" segment emphasizes the importance of identifying an unmet customer need, assessing its significance, and understanding how the proposed solution addresses this need.
Next, the slide addresses the "Addressable Market Size," encouraging an evaluation of the market's scope. This is crucial for understanding the potential reach of the idea. The "Business Model" section focuses on the core value proposition, revenue streams, and necessary resources, which are vital for operationalizing the idea.
The slide also includes an assessment of "Strengths in Execution," which gauges the organization's capability to implement the initiative successfully. This involves considering the required resources and market understanding.
Further along, the "Strength of the Solution to Solve Customer Problem" section evaluates how effectively the solution meets customer needs. The "Potential Profit Margin" and "Expansion Plan" sections assess financial viability and future growth opportunities. Lastly, the slide concludes with a focus on sustainability and competitive positioning, prompting users to consider how the idea can maintain its relevance in the market.
Overall, this slide provides a structured approach for executives to critically analyze and communicate innovative ideas, ensuring all vital elements are considered before moving forward.
This slide is part of the Innovation Toolkit - A Playbook for Innovation Blueprint PowerPoint presentation.
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Innovation Management Value Proposition Sustainability Innovation Positioning
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