Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Innovation Assessment & Tools
1. Innovation Assessment & Tools Where does an organisation start with an extensive exploration of their innovation process? Anand Subramaniam
2. 2 “Learning and innovation go hand in hand. The arrogance of success is to think that what you did yesterday will be sufficient for tomorrow.” - William Pollard
5. Innovation - Assessment Areas 5 Strategy Human Resources Marketing Technology Quality Supply Chain
6. Innovation - Strategy Vision Idea about the company future Resource – competency / capabilities Company innovation programs Plans, goals, objectives (Non) Financial indicators of the plan Project management Change Management 6
7. Innovation - Marketing Monitor current market trends Evaluate the market competition position Customer-orientation Monitor customers’ attitudes towards the company product Market information flow Marketing and financial control 7
8. Innovation – Technology Firm’s future & industry competitiveness Technology changes Collection of impulses for implementation of technology changes Evaluation of the return on investment Production costs and their monitoring Creation of resources for development 8
9. Innovation - Quality Monitoring firm’s quality management Employees’ contribution to quality system External quality audit Monitoring environmental impact Impact of quality on the firm’sprocesses Cost resulting from modifications of standards, regulations and legislation in the sphere of quality and environment 9
10. Innovation – Supply Chain Firm’s purchase and distribution channels Optimisation in & outbound logistics Information and communication flows between the firm and its partners Flexibility of supply chain (SC) processes Introduction of innovations in SC SC and financial control 10
11. Innovation – Human Resources Employees satisfaction Employees motivation Management and communication Conflict resolution Firm’s information system Firm’s culture & values 11
13. Innovation – General Tools Technology Audit Business Process Reengineering Change Management Value Analysis General Tools Brainstorming Benchmarking Technology Forecast 13
14. Innovation – Managerial Tools Total Productive Maintenance Failure Mode and Effects Analysis Managerial Tools ISO 9000 Peer Evaluation Team Building 14
15. Innovation – Process Tools Continuous Improvement Design for Manufacturing & Assembly Lean Thinking Process Tools Just In Time Concurrent Engineering 15
16. Innovation – Product Tools Design for X Product Tools Quality Function Deployment 16
17. 17 “The five essential entrepreneurial skills for success: Concentration, Discrimination, Organisation, Innovation and Communication.” - Michael E. Gerber
18. 18 Good Luck http://www.linkedin.com/in/anandsubramaniam