TELECOMMUNICATION & MEDIA
Overview
Average Maturity Level
NOVICE
Average Maturity Score
1.95 / 4.00
Least Developed Innovation Ecosystem Pillar
PROCESS
Innovation Strategy
Average Maturity Level
NOVICE
Average Maturity Score
1.86 / 4.00
Main Blocker
Innovation targets as well as the role innovation plays in achieving certain top-line and bottom-line objectives seem not to be communicated to the employees in the majority of companies in this industry.
Second Blocker
It seems that companies in this industry don’t necessarily have an ethos towards innovation and don’t want to take actions to be perceived as being innovative. This is making most of them to sidetrack innovation investments.
Third 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.
Innovation Leadership
Average Maturity Level
NOVICE
Average Maturity Score
2.00 / 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
2.06 / 4.00
Main Blocker
The skills and competencies required by employees for innovation are apparently not developed by companies in this industry.
Second Blocker
The companies in this industry seem to find it difficult to connect the innovation strategy with the main corporate strategy from the perspective of objectives and goals. Often times innovation being seen as something that happens at the periphery of the company.
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
2.11 / 4.00
Main Blocker
Apparently 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
It seems that most employees of companies in this industry are not willing to change because they are not incentivised to change or look for innovative ways of doing things.
Innovation Process
Average Maturity Level
NOVICE
Average Maturity Score
1.67 / 4.00
Main 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.
Second Blocker
Translating the innovation strategy into individual obtainable goals is apparently seen as a major challenge for companies in this industry.
Third Blocker
It seaman that companies in this industry don’t have in place the right process and structures for innovation.