To do an innovation plan for a specific new project (product or process innovation). Your initial objective is to recreate the innovation diagnostic diamond for the particular venture. This acts as the platform for the plan’s analysis.
3. The data needed for the diamond diagram involves filling in the 4 indices questionnaires: market, innovation, resources, and strategy indices given.
4. After finalising a score for each index, construct the IDD diagram by following the instructions provided in the ‘constructing the diamond diagram’ file.
5. Use the results from your diagram to assess the innovation-readiness of your venture and to provide the platform for further analysis on how to improve any poor indices. With regard to indices that have scored highly, provide an analysis on why the venture has scored highly.