Take our innovation audit to review the performance of your organisation's innovation management activities and processes and identify areas for improvement.
To continually improve, organisations need to not only examine their innovation performance, but also to evaluate their management processes with which they develop and commercialise these innovations. Traditionally, when organisations are measuring their innovation performance they concentrate on macro-level indicators of inputs and outputs. However, such metrics seem to more indicate than explain the organisation's performance.
To understand more deeply the innovation performance of an organisation organisations need to delve more into the processes that are used to ideate, develop, and commercialise these innovations and the institutional capability and leadership.
An innovation audit is a way to understand how an organisation is managing innovation, and recognise which parts of the pipeline are working and where more effort is needed. An innovation audit is a crucial step enabling organisations to objectively reflect and analyse their innovation activities taking an independent, third party view of what works well and what needs improvement prior to executing their innovation projects.
Our innovation audit framework is designed to consider all types of innovation, whether technological, market, human resource, financial, information, and organisational innovation.
The framework considers five core innovation processes:
It also considers three enabling processes:
Our innovation audit allows organisations to systematically review their innovation-related activities, discern clearly their strengths and areas in which improvements can be made, and to develop action plans for improvements which can be monitored for progress. Our innovation audit has two dimensions:
Our innovation survey comprises 30 probing questions allowing any organisation to review and evaluate the effectiveness of their innovation management processes and systems. The six themes of our innovation audit tool are shown below.
Has your organisation developed an apporpriate collaborative culture that supports innovation and it is embraced by all employees allowing them freedom to experiment?
Has your organisation developed standard operating procedures to guide and support innovation activities including planning, selection of innovation projects, resourcing and funding?
Has your organisation developed and uses appropriate metrics to measure how successful innovation activities are including community engagement efforts and generation of executive reports?
Is your organisation generating impactful innovation outputs, such as new products, services or business models that drive growth and competitiveness?
As part of the innovation audit process, several employees take the survey anonymously enabling us to access diverse opinions from several departments and units of the client organisation and gain an in-depth understanding of what works well and identify areas that need improvement across all innovation management activities.
The goal at this point is to understand how innovation is currently operating and managed across the organisation and recognise any differences in the opinions and perceptions of senior executives and senior management within the business - allowing us to identify any gaps between how senior leadership describes their innovation strategic intent and how this is in reality working throughout the business on a daily basis. The above process is conducted as a combination of surveys and semi-structured interviews.
We have now also developed an online tool that enables you to generate personalised reports assessing your organisation's innovation performance.
Based on the weaknesses identified through our innovation audit tool, we assess the organisation's strengths and challenges, generating personalised report with specific actions to enhance innovation performance.
These insights are categorised across six key dimensions and specific actions are developed to address them enabling the organisation to improve their innovation management processes.
Try out our innovation audit tool and gain valuable insights on your organisation's innovation management practices.
Contact us to discuss how our innovation survey tool can allow you to gain useful insights unlocking your innovation projects potential.