Commentary by Praveen Gupta

Business Innovation Maturity Model (BIMM)

After years of talking about innovation there is insufficient progress in deploying innovation in organizations around the world. There are tools and methods to gain new skills but a framework needed for deploying innovation in an organization is still missed. Learning from standardization practices, I feel we must develop a maturity model for deploying innovation. I have developed a Business Innovation Maturity Model (BIMM) to assess the innovation maturity level of an organization. BIMM consists of the following five levels:

I. Sporadic Innovations level is the initial awareness level with pockets of innovations and excitement

II. Idea Innovations level is launching the organization-wide innovation initiative to engage employees the idea management process. Excellence in idea management is a critical step in sustaining innovation.

III. Managed Innovations level is focused on deployment of innovation in developing products, services or solutions for achieving profitable revenue growth.

IV. Nurtured Innovations level is to institutionalize innovation in all departments for processes, projects, activities, functions, business model, or supply chain innovations.

V. Sustained Innovations level is for managing innovation deployment to achieve profitable growth continually.

Center for Innovation Science at the IIT School of Applied Technology is developing assessment tool to help corporations on their innovation journey.

How is your corporation pursuing innovation deployment? Tell us.

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