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Selection Criteria to Help Screen Ideas/Concepts

Selection Criteria to Help Screen Ideas/Concepts. The following criteria will help judges assess and screen the best innovation ideas during the quarterfinals, semifinals and grand finale. All three criteria have the same weight and importance. Strategic or brand potential 33%

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Selection Criteria to Help Screen Ideas/Concepts

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  1. Selection Criteria to Help Screen Ideas/Concepts The following criteria will help judges assess and screen the best innovation ideas during the quarterfinals, semifinals and grand finale. All three criteria have the same weight and importance. • Strategic or brand potential 33% • Does this idea/concept fit Transcontinental’s strategy? • Will the idea bring value to our existing and future customers? • Will the idea allow us to differentiate ourselves from competitors? • Feasibility/ease of execution 33% • Is the implementation of the idea feasible within a reasonable timeframe? • Do we have the required competencies, capabilities, resources or partners to develop the idea? • Is the level of complexity or risk acceptable? • Financial potential 33% • Is the revenue potential interesting for us? • Are the implementation costs of the idea realistic for our organization? • Can the idea generate good profit margins (or margin improvement) within a reasonable timeframe? The scoring will range from 1 (weak/low confidence level) to 5 (strong/high confidence level) for a maximum of 45 points per idea. v20131010

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