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


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