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…
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…
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.
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…)
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…
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 They can grow easily or strongly, are in saturation, or are completely outdated by new approaches.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…)