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Peter J. Sherman

Innovation Template

Creating a sustainable innovation process

Published: Monday, November 17, 2008 - 14:46

Innovation Template

  Owner: ______________
 Date Submitted: ________________

New Product/Service Name: _____________________

Description: (what it is, how it works, how we monetize it):

Market Opportunity (Target market, market size, growth rate, projected capture rate):

Strategic Fit (in terms of driving growth, customer retention):

Feasibility (effort required to launch, does technology exist or not, time-to-market):

Preliminary Financial Projections (rough order of magnitude)

Financial Category

Year 1
$000s

Year 2
 $000s

Year 3      $000s

Total      $000s

Incremental Revenue/Savings

 

 

 

 

Capital

 

 

 

 

Expense

 

 

 

 

Operating Income (EBITDA)

 

 

 

 

Comments (warrants proof of concept to validate, partnering could jump start it, etc.):

Discuss

About The Author

Peter J. Sherman’s picture

Peter J. Sherman

Peter J. Sherman is a managing partner of Riverwood Associates, a lean Six Sigma certification training and consulting firm based in Atlanta. Sherman brings more than 20 years experience in designing and implementing process improvement programs. Sherman is a certified lean Six Sigma Master Black Belt, an ASQ-certified quality engineer, and an APICS-certified supply chain professional. He holds a master’s degree in engineering from MIT and an MBA from Georgia State University.