Innovation: Developing Strategy And Measuring Performance

Learn how to develop a strategy and KPIs for your Innovation Management System.

What you'll learn

Understand the benefits of measuring innovation.

Identify the challenges facing measuring innovation.

Identify types of corporate strategies that require adopting an Innovation theme.

Understand how to build a strategy map of an Innovation Strategic Theme within the corporate strategy

Understand how the Global Innovation Index is calculated.

Understand how Systems Dynamics is used to model inter-relationships and time lags in Innovation Management System.

Requirements

Understand the basics of strategic planning using the balanced scorecard.

Understand the basics of Innovation Management.

Description
The objective of this course is to explain how and why we should develop a strategic plan and performance management framework to ensure innovation is well managed within our organization to achieve its intended goals. We need first to identify when Innovation is a suitable strategic choice for certain types of Corporate or business unit strategies.  The course clarify why we should measure innovation and the challenges of doing so. The course illustrates how we can develop a strategy map and strategic objectives for a generic Innovation Strategic Theme. Then a complete Balanced Scorecard with KPIs and Strategic Initiatives example is developed. The course illustrates as well how the Global Innovation Index is calculated. Key parts of the Global Innovation 2022 Report are illustrated. An interesting aspect of the report is the Innovation System efficiency in converting its inputs to outputs. The course illustrates as well the time lags which exists among leading and lagging indicators in the Innovation Management System. The course illustrates as well how the Global Innovation Index is calculated. Key parts of the Global Innovation 2022 Report are illustrated. An interesting aspect of the report is the Innovation System efficiency in converting its inputs to outputs. The course illustrated as well the time lags which exists among leading and lagging indicators in the Innovation Management System. Finally the course explains how System Dynamics modeling is used to understand these time lags.
Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Should we measure innovation?

Lecture 2 Should we measure innovation?

Section 3: 5 Benefits of Measuring Innovation

Lecture 3 5 Benefits of Measuring Innovation

Section 4: 5 Challenges of Measuring Innovation

Lecture 4 5 Challenges of Measuring Innovation

Section 5: Understanding the Innovation Process Management

Lecture 5 Understanding the Innovation Process Management

Section 6: 6 Innovation Strategy

Lecture 6 Innovation Strategy no video

Section 7: Innovation Strategy Map and Balanced Scorecard

Lecture 7 Innovation Strategy Map and Balanced Scorecard

Section 8: Innovation KPIs

Lecture 8 Innovation KPIs

Section 9: How can we get the most out of innovation KPIs

Lecture 9 How can we get the most out of innovation KPIs

Section 10: Innovation Maturity Scan

Lecture 10 Innovation Maturity Scan

Section 11: Global Innovation Index

Lecture 11 Global Innovation Index

Section 12: Time Lags in Innovation Systems

Lecture 12 Time Lags in Innovation Systems

Section 13: References

Lecture 13 References

Strategic Planning professionals,Innovation Management professional,Performance Management Specialists,Senior executives and top management