Innovation Management Assessment Overview
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This document is exclusively intended for the addressee who received the document directly
from the IMP³ROVE – European Innovation Management Academy. Distribution, quotations
and duplications – even in the form of extracts – for third parties is only permitted upon prior
written consent of the IMP³ROVE – European Innovation Management Academy.
The IMP³ROVE – European Innovation Management Academy used the text and charts
compiled in this document in a presentation; they do not represent a complete
documentation of the presentation.
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Highest rate of income growth
•
Highest growth in operational margin
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Highest rate in growth of number of
employees
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Highest contribution of organic growth
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The Innovation Management Assessment (IMA) is a comprehensive tool provided by IMP.ROVE European Innovation Management Academy for evaluating innovation strategies, collaborative partnerships, growth in income, and more. The assessment requires specific data preparation for a thorough analysis of a company's innovation performance and impact on profitability.
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Presentation Transcript
The Innovation Management Assessment (IMA)
Disclaimer This document is exclusively intended for the addressee who received the document directly from the IMP ROVE European Innovation Management Academy. Distribution, quotations and duplications even in the form of extracts for third parties is only permitted upon prior written consent of the IMP ROVE European Innovation Management Academy. The IMP ROVE European Innovation Management Academy used the text and charts compiled in this document in a presentation; they do not represent a complete documentation of the presentation. 2
Innovation Management Assessment 3
The IMPROVE Assessment evaluation uses the A.T. Kearney House of Innovation as framework Overview on IMP ROVE Assessment questionnaire 4 Source: IMP ROVE, 2021
The IMA can be filled out online in 10 languages independent of time and location Example questions from the IMP ROVE Assessment tool Degree of project alignment with innovation strategy Number of different collaborative innovation partners Growth in income based on past 4 years Results Question: Income in past 4 years 5 Source: IMP ROVE, 2021
The company should prepare the following data which will be filled in during the IMP ROVE Assessment Preparation for the IMP ROVE assessment Balance sheets of the past 4 years respective as of year of foundation Account statements of the past 4 years respective as of year of foundation Number of employees (headcounts) of the last four years Operational profits of the last four years (EBIT: Earnings before interest and tax): Please consider the EBIT definition to ensure comparability of results! Income (from sales and other income streams) of the last four years Share of exports from sales Financial figures Contribution of organic growth to profitable growth over the last 4 years Contribution of innovation to overall operational profit (EBIT: Earnings before interest and tax) Cost reduction achieved from innovation over the last 4 years Innovation spend during the last 4 years Sales from product and service innovations not older than 3 years over the last 4 years Life-cycle (in years) of the most important product/service groups (e.g. those product/ service groups with the highest contribution to profitable growth) Innovation performance Industry- specific performance criteria Time-to-market/Time-to-profit of the most important product/service groups (product/ service groups with the highest contribution to profitable growth over the last 3 years) Life-cycle (in years) of the most important product/service groups (e.g. those product/ service groups with the highest contribution to profitable growth) 6 Source: IMP ROVE, 2021
The results of the benchmarking follow a key principle comparison with the Growth Champions Example of benchmarking results Innovation Strategy The definition of the growth champions focuses on sustainability Highest rate of income growth Highest growth in operational margin Highest rate in growth of number of employees Highest contribution of organic growth Older than 7 years Innovation Results Innovation Organization and Culture Calculation of benchmarks Enabling Factors Innovation Lifecycle Processes Average score of the 10% best performers Growth Champions Your own compny Average 7 Source: IMP ROVE, 2021
You will receive a tailor-made action plan for future growth Value levers addressed as part of typical action plans Innovation Portfolio Innovation Lifecycle Continuous improvement Increased innovation effectiveness Cumulative profit Spending on unsuccess- ful projects Increased development efficiency Increased speed Time Idea T0 TLaunch TProfit Spending on successful projects1 Time-to- Market Key innovation management value drivers Time-to-Profit 8 Source: IMP ROVE, 2021
SMEs can differentiate themselves with the IMP ROVE Assessment being compliant with CEN TS 16555 Compliance with standards ISO - International Organization for Standardization CEN - the European Committee for Standardization IMP ROVE Academy contributed to the CEN technical specifications for innovation management systems (CEN/TS 16555) IMP ROVE Academy is active in developing the ISO standards related to innovation management 9 Source: IMP ROVE, 2021
