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Innovation Roadmaps: How To Communicate Strategy Effectively

Shushan Hakobyan
Sep 7, 2020 6:55:00 PM

As competitive environments rapidly change, technological leaders in manufacturing have to find efficient solutions to foster innovation. Crucial innovations are developed using internal sources of innovation, but at the same time, external sources of innovation are increasingly being identified and leveraged. Among external such sources, suppliers are known to have especially large innovation potential because they have a unique perspective of what the companies — that is, their customers — are doing and need. 

 

Defining Innovation Roadmaps


A roadmap is a visual representation of the milestones and deliverables required to manage the transition from the current state to a future state over a specific time period. An innovation roadmap, however, is much more than a simple visualization instrument. It is used by companies to link business and technical capabilities and communicate internally the transition from what the company has today and aspires to achieve in the future. Thus, an innovation roadmap becomes instrumental in reaching consensus among various stakeholders and supporting future business capabilities and outcomes. There are four main characteristics which yield the maximum efficiency from the innovation roadmap, namely:

Simplicity: when developing one, address it to someone with little knowledge of the company's strategy or general approach so that this person can understand it immediately and with little effort;

Collaborative nature: make the roadmap development a team exercise. Do not develop in isolation but rather welcome the perspectives and involvement of a wide variety of stakeholders;

Goal-oriented approach: always think of what the target audience of the innovation roadmap should think or do as a result of seeing it.

Alignment: ensure alignment across the needs and wants of the stakeholders so that the innovation roadmap reflects what company is trying to achieve strategically.



 

Determining Key Stakeholders and Their Engagement

 

Being of such importance to strategic alignment across the organization, innovation roadmaps have their users and stakeholders. The latter includes anyone related to either business or technical function. The former usually comprises enterprise architects (EA) and technology innovation leaders creating roadmaps to better communicate strategic vision and make well-informed technical and business decisions. Companies that skip creation of roadmaps will miss opportunities to engage a variety of stakeholders in development of a shared vision for realization of business outcomes. 

There are, however, several challenges innovation and enterprise architecture experts face in pursuit of well-crafted and efficient innovation roadmaps. First of all, EAs often experience difficulties developing roadmaps that resonate with and properly inform stakeholders whose support is ultimately needed for the investment or business decisions. Secondly, technology and innovation leaders fail to adapt roadmaps to changing business environments and priorities, thus leading to losses and waste of business leaders’ resources. Thirdly, EA teams find it difficult to structure roadmaps so that  they convey business value in proper business terms. 

  • How to display internal business alignment?
  • Where are the company's main investments directed to?
  • What are the gaps and overlaps?

 

 

Developing Powerful Innovation Roadmaps


There are quite a few recommendations for the relevant EA teams and other stakeholders when it comes to creation of efficient innovation roadmaps. One of the first things to consider is the level of detail or granularity and planning horizon. This has a role to play when thinking of the roadmap as of the liaison between strategic goals and implementation activities. Keeping in mind that development of roadmaps is a challenging activity and that there is no single right roadmap that suits every company, strategy and stakeholder, we have prepared some recommendations on how to establish a decent roadmap and also maintain it relevant and agile.

  • Clearly show the transition to the future state from the current state keeping in mind that any visualization on the map should be easy to understand.
  • Assign broad time horizons to business capabilities and outcomes but link the concrete business milestones to weeks and days thus creating traceability.
  • Combine strategy and execution artifacts into a cohesive visual story to ensure the connection between strategy and its implementation. 
  • Address the roadmap to the primary and secondary audiences to cover the needs of all stakeholders but also keep focus on the key aspects. It helps to write down the primary audience on whatever canvas used to create the roadmap.

Roadmapping to go White Paper

When working continuously with roadmaps, EA teams and technology innovation leaders should:

  • Connect future plans with ongoing projects and map out the interdependencies, interrelationships and business outcomes; 
  • Continuously involve stakeholders through a visualization of the stage of change relative to plans, current projects and existing assets with consideration of strategic objectives and strategies as such;
  • Capture change and windows of opportunities for innovation to the status quo business environment and thus support leadership and their decision-making processes. 


 

Using Roadmapping Software


As creating and updating roadmaps is a time consuming, large data collection requiring activity. Not only the creation of roadmaps but also the maintenance of roadmaps is often referred to as a time consuming activity. Roadmaps are usually created in rigid documents in Microsoft Excel, PowerPoint or Visio. That’s why such roadmaps remain detached from current corporate planning and development and quickly become obsolete. This is why roadmapping software solutions come in help. Dedicated software solutions, such as ITONICS Roadmap combines markets, products, technologies, and resources in a web application to enable holistic forecasts for future technology and product developments. The visual and collaborative nature of roadmaps implemented in an easy-to-use digital tool enhances alignment and open communication among functions in and across organizations. This results in improved cooperation of business stakeholders, better ranking of ideas as well as prioritization of business objectives and thus ultimately to the desired level of strategic alignment.

Roadmapping to go White Paper

 

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