Ideas, ideas, ideas
When you have lots of ideas how do you prioritise them? Using this simple tool you can, by plotting them on our 2x2 matrix to prioritise ideas based on: Ease of implementation vs. Scale of impact.
This tool helps you see if you have a lot of long-term initiatives or if you have a number of small quick-wins that can be easily addressed but to date haven’t had the focus to do so.
How to use the tool
Step 1: Use one of the Netwealth tools, such as the Innovation Cards Workshop to come up with loads of ideas for your business.
Step 2: Cluster these ideas into themes, looking for ideas that share similarities. It is also ok if the ideas don’t form into a cluster.
Step 3: For each idea or cluster of ideas, plot them on the 2x2 Prioritisation Matrix Poster. There are definitions in each quadrant of the axis to help you decide exactly where your idea sits.
Step 4: As a group pick a few short terms ideas to work on immediately. Select a champion for these ideas.
Step 5: As a group pick a few strategically important longer-term ideas to start defining in more detail. Use the Netwealth Innovation Template to scope out these ideas clearly. Select a champion for these innovations.
What you will need
- A3 Prioritise Matrix Poster - stick it the wall
- Netwealth Innovation Template
- Post-it notes, Markers, Blu-Tack
- Meeting room with plenty of wall space.
Getting started
Download the form below to get your free Prioritisation Matrix Poster and materials.
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Additional resources and tools
Use these tools, workshops and resources to help you explore and uncover different methods for creative problem solving, collaborative team thinking to arrive at innovative, impactful solutions.
Innovation Cards
The Netwealth Innovation Cards is a deck of 35 cards containing bite-sized innovation challenges to help you and your team unleash its inner creative genius.
Download the packPrioritisation Matrix Poster
When you have lots of ideas how do you prioritise them? Using this simple tool you can, by plotting them on our 2x2 prioritisation matrix.
Download the posterCustomer Journey Map Workshop
Use this workshop to identify the pain points in your customer’s experience with you and develop innovation solutions to address them.
Download the toolkit2020 AdviceTech Report
Use this report to benchmark your business' adoption of technology against other advice firms, across 24 of the most commonly used technologies.
Read the reportPerspectives: What is innovation?
Hear leading advice practice owners discuss their views on what innovation means and the strategies they have implemented in their business.
Watch the videosSaints or Sinners
Think like Amazon and Netflix and improve your customer experience. Get your team together for 60 minutes to have some fun and identify some quick wins to remove customer friction.
Download the toolkitAdviceTech Roadmap Workshop
Activities and tools to help you prioritise and develop an AdviceTech roadmap for your business.
Download the toolkitRemoving customer friction guide
This guide explores what customer friction is, how it can occur in the financial advice process and what you can do to help overcome and prevent it.
Download now
We are here to help
If you have suggestions, questions or want to share your experiences, we want to hear from you.