The Innovation Award
Innovation has made the UK world-leading in a variety of industries and enabled it to create new ones.
Is innovation or a culture of continual improvement at the heart your organisation? Has your business successfully challenged established market leaders or proved the commercial success of a new product, process, solution or service?
This award celebrates British innovation in all of its forms across the private, public and third sectors, and recognises organisations of all sizes and stages of scale that have successfully applied innovation.
Judges will look for evidence of how innovation, invention or improvement have had an exemplary impact on your business, industry or community.
Open to all organisation’s operating across all sectors, this award will recognise those that can best demonstrate the following:
• Innovation to solve a business, industry, or societal challenge
• Proven commercial viability and success
• Strong business growth or social impact
• Culture of innovation or continual improvement
• Engaged customers & employees
• Effective management & visionary leadership
SCORING
In this category judges will compare the extent to which each candidate has demonstrated excellence in the following areas:
Employee & Customer Engagement 25%
- How have you attracted, retained, motivated and optimised your team to innovate to help you win or retain clients?
- What talent strategies, workforce models or initiatives have improved employee engagement, increased productivity and enabled you to innovate?
- Provide case study examples and top line data to demonstrate how you have increased your customer base or market penetration over the last 18 months.
Leadership & Innovation 30%
- Demonstrate evidence of how innovation has been successfully implemented within the business, or for customers, and how this has contributed to your organisation’s success.
- Show us how the management structure and leadership philosophy of your company has enabled innovation or driven improvement in performance and employee engagement over the last year across the business.
- How have you optimised new technology, platforms or processes to innovate or improve customer delivery?
Financial Performance & Growth 25%
- Explain your key growth metrics, including financial targets, KPIs, timescales and overall ambitions plus examples of milestones and barriers/challenges that have been overcome.
- How do you benchmark against your peers in terms of sales, profitability or market share?
- How has your company performed against your growth plan and what will help you to sustain future growth?
- Show examples and/or case studies of any innovation or improvement that has supported, or will drive further, commercial success.
Purpose Beyond Profit 20%
- How does your guiding mission, values or purpose align with your approach to innovation or broader commercial objectives?
- What is your company doing to improve environmental, social or governance impact and how have you innovated to achieve related objectives?
- How does your approach to diversity, equity and inclusion support innovation or continual improvement?
