PROFESSIONAL SERVICES
Overview
Average Maturity Level
NOVICE
Average Maturity Score
1.86 / 4.00
Least Developed Innovation Ecosystem Pillar
LEADERSHIP
Innovation Strategy
Average Maturity Level
NOVICE
Average Maturity Score
2.05 / 4.00
Main Blocker
It seems that companies in this industry don’t perceive innovation as key for their in-market success and growth.
Second Blocker
It seems that companies in this industry rarely use benchmarking in their innovation strategy efforts. Learning from, comparing to and collaborating with others is not the norm in this industry when it comes to developing innovation strategies.
Third Blocker
It seems that the innovation strategy is rarely translated into clear tactical plans that employees can act on.
Innovation Leadership
Average Maturity Level
NOVICE
Average Maturity Score
1.58 / 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
1.75 / 4.00
Main Blocker
It seems that managers in this industry need to be offered more in-depth training on how to evaluate innovation ideas and acquire the mindset of venture capital investors.
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
The innovation strategy is apparently not translated into a clear objectives or initiatives.
Innovation Culture
Average Maturity Level
NOVICE
Average Maturity Score
1.81 / 4.00
Main Blocker
In general most employees don’t understand how they can contribute to innovation and don’t regard innovation as part of their day job.
Second 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.
Third Blocker
Roles and responsibilities around innovation are often unclear due to poor internal communication around innovation.
Innovation Process
Average Maturity Level
NOVICE
Average Maturity Score
1.77 / 4.00
Main Blocker
Companies in this industry don’t seem to have a clear process for collaboration, knowledge exchange and communication between employees. Employees seem to be siloed and collaboration is hindered.
Second Blocker
It seaman that companies in this industry don’t have in place the right process and structures for innovation.
Third Blocker
Resource allocation for innovation is 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.