The Continuous Innovation Framework (COIN)

I just came across a new framework that could be positioned on the portfolio level of my Bird’s eye view on the agile forest.

The Continuous Innovation Framework (COIN) is designed to help large organizations to successfully and continuously develop, scale, and embed innovations and thus create a continuous Return on Innovation. COIN is a model designed to help individual stakeholders in an organization to better work together to facilitate a continuous process of innovation. The framework consists of roles, rituals, and artifacts that together generate a continuous flow of innovation through an organization.

COIN represents an organization-wide, lightweight, and transparent process to:

Capture innovative ideas from internal and external sources
Assess feasibility and value for the organization in the shortest possible lead time
Align business operations to scale innovations effectively
Manage the portfolio of innovations for value
Align innovation with business strategy.

Weighted Fastest Innovation First, or WFIF, is a method to facilitate objective decision-making during the prioritization of innovations in a portfolio. WFIF helps Portfolio Management to prioritize the work which delivers the highest value in the shortest amount of time.

The Six Week Innovation Challenge (SWICH) is a six-week period of experimentation which is based on Lean Startup principles and tools of Alexander Osterwalder. At the core of the approach is a small, multidisciplinary Innovation Team which includes the Innovator. The objective of the experiment is to obtain real market feedback to validate either a value hypothesis, a feasibility hypothesis or both.

More information can be found at https://continuousinnovation.net

A brief explanation of the COIN Framework and its benefits for businesses that want to innovate faster, more focused, and with higher employee engagement.