Innovation Readiness-Value Matrix

The Innovation Readiness-Value Matrix is a two-by-two matrix used to assess the readiness and value of an innovation. It helps to identify the most suitable innovations for a given situation and prioritize them.

At a very high level, the Innovation Readiness-Value Matrix is used in the context of business, innovation, strategy.

Innovation Readiness-Value Matrix quadrant descriptions, including examples
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What is the Innovation Readiness-Value Matrix?

A visual explanation is shown in the image above. The Innovation Readiness-Value Matrix can be described as a matrix with the following quadrants:

  1. High Value, Low Readiness: Innovations in this quadrant have high potential value, but are not yet ready to be implemented.
  2. High Value, High Readiness: Innovations in this quadrant have high potential value and are ready to be implemented.
  3. Low Value, High Readiness: Innovations in this quadrant have low potential value, but are ready to be implemented.
  4. Low Value, Low Readiness: Innovations in this quadrant have low potential value and are not yet ready to be implemented.

What is the purpose of the Innovation Readiness-Value Matrix?

The Innovation Readiness-Value Matrix is a two-by-two matrix used to assess the readiness and value of an innovation. It helps to identify the most suitable innovations for a given situation and prioritize them.

The matrix is divided into four quadrants, each representing a different level of readiness and value. The top-left quadrant is for innovations that are high in value but low in readiness. The top-right quadrant is for innovations that are high in both value and readiness. The bottom-left quadrant is for innovations that are low in value but high in readiness. The bottom-right quadrant is for innovations that are low in both value and readiness.

The Innovation Readiness-Value Matrix can be used to assess the potential of an innovation and prioritize it accordingly. For example, a company may decide to focus on innovations in the top-right quadrant first, as they are likely to have the highest potential for success.


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What templates are related to Innovation Readiness-Value Matrix?

The following templates can also be categorized as business, innovation, strategy and are therefore related to Innovation Readiness-Value Matrix: Effort Impact Matrix, Gap Analysis Matrix, Growth Share Matrix, Kraljic Matrix, Outsourcing Matrix, Quadrant Analysis, Risk Analysis Matrix, Risk Value Matrix. You can browse them using the menu above.

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