ENERGY AND UTILITIES
Overview
Average Maturity Level
NOVICE
Average Maturity Score
1.82 / 4.00
Least Developed Innovation Ecosystem Pillar
LEADERSHIP & MANAGEMENT
Innovation Strategy
Average Maturity Level
NOVICE
Average Maturity Score
1.93 / 4.00
Main Blocker
Companies in this industry seem to focus primarily on short-term objectives. focussing their investment in innovation more toward the incremental side of the spectrum which yields predictable results in a short amount of time.
Second Blocker
It seems that companies in this industry don’t perceive innovation as key for their in-market success and growth.
Third Blocker
In companies in this industry, the budget for innovation seems not to be reviewed/adjusted against actual performance of innovation activities; being disconnected from evidence and ambitions.
Innovation Leadership
Average Maturity Level
NOVICE
Average Maturity Score
1.67 / 4.00
Main Blocker
At almost every level of leadership it seems there is a very small commitment displayed toward innovation.
Second Blocker
The senior leadership of the companies in this industry apparently tend to focus primarily on short-term and more predictable objectives rather than long-term and high uncertainty ones.
Third Blocker
The emphasis of the senior leadership seems to be on the core/day-to-day business with long-term investments in innovation given a secondary priority.
Innovation Management
Average Maturity Level
NOVICE
Average Maturity Score
1.67 / 4.00
Main Blocker
Skills development in the companies in this industry is seems to be done mostly in a one-size-fits-all fashion with little consideration for individual needs and existing capabilities.
Second Blocker
It seems companies in this industry find it difficult to translate the innovation strategy into clear and pragmatic objectives making the implementation of the strategy difficult.
Third Blocker
In general there seems to be little to no time allocated for work on innovation. The expectations being that employees will work on innovation in their spare time and not part of their day-to-day.
Innovation Culture
Average Maturity Level
NOVICE
Average Maturity Score
1.83 / 4.00
Main Blocker
It seems that in companies in this industry ideation is not a common behaviour and it happens rather sporadically. Employees rarely seem to come up with innovative new ideas outside a predefined setup.
Second Blocker
Apparently in companies in this industry, employees don’t know exactly what innovation is beyond technological improvements and furthermore they don’t know what it achieves for the company.
Third Blocker
Apparently the focus, for companies in this industry, is on making individual products successful instead of having a portfolio approach/mindset where the focus is on having the innovation effort succeed as a whole.
Innovation Process
Average Maturity Level
NOVICE
Average Maturity Score
1.77 / 4.00
Main Blocker
Translating the innovation strategy into individual obtainable goals is apparently seen as a major challenge for companies in this industry.
Second Blocker
Apparently, the majority of companies in this industry don’t have the right process and structures in place for innovation.
Third Blocker
Resource allocation for innovation seems to be an issue for companies in this industry - incremental improvements of the core offerings are typically prioritised over new growth (beyond the core) initiatives.