You are currently viewing Innovative strength of your competition

You know the market and your competition.

But don’t you want to know your strength compared to the innovative strength of your competition?

  • All innovation systems share the same roots and principles, so standardised benchmarking is possible…
  • More than 6000 organisations have done it.
  • You will get answers such as
    • Can you express your innovation strategy?
    • Does your company innovate beyond incremental improvements?
    • Can you place your product portfolio and roadmap on an S-curve?
    • What’s the competition’s innovation focus in terms of innovation types?
    • How are top-performing teams structured, what persona are most looked for?

Learnings from cross-industry analysis to improve your innovative strength

Comparing your innovation profile and metrics with non-competing industries is another source of inspiration. Applying business model innovation, adopting new service schemes or supply chain structures is often more plausible after analysing a successful transformation elsewhere.

Increasing the innovative strength is only possible if you understand the innovation metrics involved. Going beyond generic innovation metrics such as

  • R&D-rate,
  • new products’ sales ration,
  • number of patents files or
  • ideas submitted,

requires an intimate analysis of your current innovation system. A systematic overview an approach is given as an inspiration in this IEEE Engineering Management Review Paper.

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