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Innovation Assessment & Tools

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Where does an organisation start with an extensive exploration of their innovation process?

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Innovation Assessment & Tools

  1. 1. Innovation Assessment & Tools<br />Where does an organisation start with an extensive exploration of their innovation process?<br />Anand Subramaniam<br />
  2. 2. 2<br />“Learning and innovation go hand in hand. The arrogance of success is to think that what you did yesterday will be sufficient for tomorrow.” <br />- William Pollard <br />
  3. 3. 3<br />Highlights<br />Innovation Assessment<br />Innovation Tools<br />
  4. 4. Innovation - Assessment<br />
  5. 5. Innovation - Assessment Areas<br />5<br />Strategy<br />Human Resources<br />Marketing<br />Technology<br />Quality<br />Supply Chain<br />
  6. 6. Innovation - Strategy<br />Vision<br />Idea about the company future<br />Resource – competency / capabilities<br />Company innovation programs<br />Plans, goals, objectives<br />(Non) Financial indicators of the plan<br />Project management<br />Change Management<br />6<br />
  7. 7. Innovation - Marketing<br />Monitor current market trends<br />Evaluate the market competition position<br />Customer-orientation<br />Monitor customers’ attitudes towards the company product<br />Market information flow<br />Marketing and financial control<br />7<br />
  8. 8. Innovation – Technology <br />Firm’s future & industry competitiveness<br />Technology changes<br />Collection of impulses for implementation of technology changes<br />Evaluation of the return on investment <br />Production costs and their monitoring <br />Creation of resources for development<br />8<br />
  9. 9. Innovation - Quality<br />Monitoring firm’s quality management<br />Employees’ contribution to quality system <br />External quality audit<br />Monitoring environmental impact <br />Impact of quality on the firm’sprocesses<br />Cost resulting from modifications of standards, regulations and legislation in the sphere of quality and environment<br />9<br />
  10. 10. Innovation – Supply Chain<br />Firm’s purchase and distribution channels<br />Optimisation in & outbound logistics<br />Information and communication flows between the firm and its partners<br />Flexibility of supply chain (SC) processes <br />Introduction of innovations in SC<br />SC and financial control<br />10<br />
  11. 11. Innovation – Human Resources<br />Employees satisfaction <br />Employees motivation <br />Management and communication<br />Conflict resolution<br />Firm’s information system<br />Firm’s culture & values<br />11<br />
  12. 12. Innovation - Tools<br />
  13. 13. Innovation – General Tools<br />Technology Audit<br />Business Process Reengineering<br />Change Management<br />Value Analysis<br />General Tools<br />Brainstorming<br />Benchmarking<br />Technology Forecast<br />13<br />
  14. 14. Innovation – Managerial Tools<br />Total Productive Maintenance<br />Failure Mode and Effects Analysis<br />Managerial Tools<br />ISO 9000<br />Peer Evaluation<br />Team Building<br />14<br />
  15. 15. Innovation – Process Tools<br />Continuous Improvement<br />Design for Manufacturing & Assembly<br />Lean Thinking<br />Process Tools<br />Just In Time<br />Concurrent Engineering<br />15<br />
  16. 16. Innovation – Product Tools<br />Design for X<br />Product Tools<br />Quality Function Deployment<br />16<br />
  17. 17. 17<br />“The five essential entrepreneurial skills for success: Concentration, Discrimination, Organisation, Innovation and Communication.” <br />- Michael E. Gerber <br />
  18. 18. 18<br />Good Luck<br /><br />