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…
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.
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 They can grow easily or strongly, are in saturation, or are completely outdated by new approaches.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…)
To be sure your innovation is systematic and scalable, an innovation assessment and benchmark will address, next to standard metrics, many questions like Can design-wins, successful market intros and inventions be repeated? Are they based on a systematic approach? Are you a top or bottom-liner? How to fix the bottom line to grow the top line? Is your innovation system…
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…