In this FAQ we answer the most frequently asked questions about the innotonic maturity level analysis.

GENERAL

„Innovation = value through ideas.“ Only an idea that creates sustainable value through implementation is an innovation.

→ Innovation is a process through which innovations are successfully introduced to the market.

→ Innovation management includes measures that promote the creation of innovations in organizations.

→ An innovation management system describes all of these control activities.

 

  • Observation 1: implementation problem. Companies do not have an idea problem but an implementation problem.
  • Observation 2: risk problem. Ideas focus on growth and costs and neglect elements of risk.

 

Example: Danske Bank, Estonia.

  • Idea: Transaction platform for money transfers. Strong growth at low cost.
  • Problem: Risk of „money laundering“ not sufficiently taken into account.
  • Effect: Significant destruction of value (penalties).
  • Conclusion: Good idea, poor implementation, no value created, no innovation.

A: Master Data

 

 

→ NACE Code  – The key list of economic sectors

 

→ B2B – Business-to-Business

→ B2C – Business-to-Customer

→ B2G – Business-to-Government

 

 

B: Organisational context

 

 

The dimension focuses on internal and external challenges that affect your organization’s ability to achieve the desired innovation management outcomes.

→ incremental is the gradual improvement of innovations.

→ radical is the rapid improvement of innovations.

→ Stakeholder: A person or group that has a legitimate interest in the course or outcome of a process/project is referred to as a stakeholder. In this case in connection with innovation management.

→ Innovation is a process through which innovations are successfully introduced to the market.

→ Innovation management includes measures that promote the creation of innovations in organizations.

→ An innovation management system describes all of these control activities.

→ High-level structures are (certified) management systems, e.g. a quality management system according to ISO:9001.

 

C: Management

 

 

The dimension focuses on the leadership strength and commitment of management with a view to establishing and implementing a holistic innovation management system in your company.

 

D: Planning

 

 

The dimension focuses on the development and planning of an innovation management system in your company (taking into account the requirements and expectations of the relevant participants) as well as on the opportunities and risks of planning innovations.
→ Active risk management for innovation projects includes „hard“ and „soft“ risks that can jeopardize the success of an innovation project and should therefore be actively managed (e.g. management of the availability of financial and human resources; management of contracts with third parties involved in the development be involved in the innovation; etc.).

E: Support

 

 

The dimension focuses on the framework conditions for the successful implementation of the innovation strategy in your company (financial and non-financial resources, knowledge management, availability and use of tools and methods, IP management, …).

→ Intellectual property describes the need to observe what is known as IP law (Intellectual Property Rights). This starts with the search for similar solutions that already exist at the beginning of the innovation process, continues with finding a name, can include the treatment of so-called employee inventions, etc.

 

F: Operation

 

 

The dimension focuses on the structured implementation of the innovation strategy in your company’s operational processes (timely identification and evaluation of relevant trends, use of creative processes, prototyping and market testing, scalable placement in the market).

G: Performance assessment

 

 

The dimension focuses on the evaluation, measurement, analysis, monitoring and review of innovation indicators with the aim of measuring concrete success in your company (innovation evidence: financial success, increase in competitiveness).

 

H: Improvement

 

 

The focus here is on the evaluation of the success measurement to improve or adapt processes, organizational framework conditions and / or business model dimensions in the context of your company’s innovation management system.

 

I: Company performance

 

 

The focus here is on the evaluation of the success measurement to improve or adapt processes, organizational framework conditions and / or business model dimensions in the context of your company’s innovation management system.

 

J: Personal information

 

 

The data is required for the representative evaluation and evaluation of your company.
The survey is anonymous and the results of the assessment cannot be traced back to individuals.

 

 

You are missing an answer in the FAQ, you have further questions about the questionnaire or the procedure?

Then please contact Hajo Knoche (e-mail: kno@innotonic.de).