Innovation Strategy Canvas (ITONICS)
Canvas for structuring innovation strategies with vision, focus areas, roadmap, and governance.
PURPOSE
The Innovation Strategy Canvas from ITONICS helps organizations holistically structure their innovation strategy and cascade it from vision through to operational execution. It addresses the problem that innovation activities often happen fragmented and without a strategic framework. The tool creates a shared basis for innovation decisions and resource allocation.
HOW TO USE
The canvas is filled out by the innovation management team together with executive leadership. First, the innovation vision and strategic focus areas are defined. Then a roadmap with concrete innovation initiatives is developed and the governance structure for innovation decisions is established. The canvas is regularly reviewed and adapted to changing market conditions.
WHAT IT IS
The Innovation Strategy Canvas from ITONICS is a visual strategy tool with fields for innovation vision, strategic focus areas, innovation roadmap, and governance. It connects the strategic level of innovation direction with the operational level of implementation planning. The canvas is designed as a framework that brings together the various elements of an innovation strategy on one workspace.
EXAMPLE
Example: You are Head of Innovation at an automotive supplier and need to develop the innovation strategy for the next five years. With the Innovation Strategy Canvas (ITONICS), you structure vision, search fields (e-mobility, autonomous driving, new materials), the innovation roadmap, and the governance structure.