Innovation: Developing Strategy And Measuring Performance

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...

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