ISO 56002 Internal Audit

Innovation Management System Standard ISO 56002 serves as a new standard and guidance. Although there are no certifications yet internal audits can be conducted to get a baseline regarding a firm's innovation management system stands. The checklist we use at Sensaco is based on ISO 56002 guidance, our own assessment templates and is structured according the 8 pillars with the…

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From product innovation to innovation systems…
Source: Bosch Rexroth, Industry 4.0

From product innovation to innovation systems…

From product innovation to innovation systems... ...and the role of software We frequently encounter organizations transforming their innovation systems and organization “on-the-go”. In recent projects we had the situation that traditional, well-doing companies have forgotten how to innovate. Some of these firms date back more than a 100 years and have seen significant phases of growth, all associated with innovations…

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Innovation Metrics

Innovation metrics

Innovation metrics and indicators are often difficult to find and apply. Not many leaders are able to show current dashboards with 3-5 simple KPIs.

Looking at past research there is no shortage of metrics though. In a recent survey over 200 metrics and indicators were mentioned in more than 400 instances of literature. The can be classified by the

  • process phase: comparing input, throughput and output metrics, often called leading or lagging indicators
  • area of measurement: related to product development, strategy, organisation etc.
  • expression in qualitative or quantitative terms.

(more…)

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Idea Management Software: Successful Implementation
digital idea management, abstract stickies, art

Idea Management Software: Successful Implementation

How to Successfully Implement Collaborative Idea Management

In this article we will recapitulate the thinking of two previous Medium posts about why we need idea management software and how we should approach the selection of an idea management system. (more…)

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How can the growth gap be filled?

Aspiration and capability The growth gap describes the difference in extrapolated business performance and the business planning, for example, in 5 years. To close the gap requires an innovation portfolio with innovation projects that ensure growth. Such a portfolio ensures the inflow of new "H2 projects," which arise from incremental improvement innovations as well as disruptive technologies from the field…

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Horizons and S-curves: Products today, tomorrow and in the future
S-curves are used to describe product adoptance and market maturity. During saturation new businesses and technologies start taking over.

Horizons and S-curves: Products today, tomorrow and in the future

A product portfolio contains product lines across many horizons according to their lifecycle. Therefore overall business performance depends on the contributions of all of these products.

They are in different adoption phases. They can grow easily or strongly, are in saturation, or are completely outdated by new approaches. (more…)

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