7 tips on evaluating an innovation agency

7 tips on evaluating an innovation agency

As innovation budgets increase, procurement professionals must be able to evaluate potential innovation agencies before partnering up. Innovation agencies provide a mix of products and services such as defining and positioning innovation in an organization, building and validating new products and business models, and supporting collaboration with an external ecosystem. Here are seven criteria to evaluate an innovation agency and partner, including knowing which skills you are looking to add, asking for use cases, finding local market knowledge, building in flexibility, selecting an innovation consultancy that understands your industry, looking for a flexible, hands-on, and collaborative way of working, and assessing the real impact.

View

More Innovation Resources:

The Network Is Your Customer - David Rogers on 5 Strategy Implications

The Network Is Your Customer - David Rogers on 5 Strategy Implications

David Rogers' book "The Network Is Your Customer" examines how networks connect and change individuals. In this speech, he shares 5 customer behaviors that brands need to address in their business model.

View

Innovation in the Pharmaceutical Industry: The Process of Drug Discovery and Development

View
The LAB: Creating New Logistics Packaging with SIT (May 2012)

The LAB: Creating New Logistics Packaging with SIT (May 2012)

Can innovation help grow the stagnant corrugated box industry? Students from the University of Cincinnati used the SIT method to come up with concepts like the Self-expanding Box and Know Tape.

View