This report provides very insightful analysis of how to improve innovation excellence. By using some of these insights, we at Huntsman Polyurethanes have been able to quadruple our EBIT from new products over the last six years.
Global Innovation Excellence Benchmark v9.0
Step-up Innovation Performance by addressing Innovation Management Improvement Opportunities
Benchmarking Best Practice in the management of innovation
The pace of innovation is constantly increasing and getting a handle on innovation performance is often a challenge for organizations as they struggle to keep up with emerging best practices for innovation. The ability to benchmark innovation management practices and understand best practices can identify areas for improvement and helps to identify concrete improvement opportunities to increase Innovation impact.
Since the 1990s Arthur D. Little has been benchmarking best practices in the management of innovation. This is the 9th iteration of our Innovation Excellence Benchmarking. Every iteration incorporates new material based on the hundreds of Technology and Innovation Management (TIM) assignments we carry out every year. We also incorporate feedback from leading academics in the area of innovation management.
The current model has been extensively reviewed and the 9th edition now incorporates improved coverage of Ecosystem innovation as well as several best practice updates based on ADL studies on R&D best practice management, selective deployment of Agile ways of working, Digitally-enabled Innovation, Breakthrough Innovation and Business Model Innovation.
The Global Innovation excellence Benchmark assesses both your innovation performance and your innovation management approach
The assessment is based on an online (or paper based) questionnaire which takes 45-60 minutes to complete. Arthur D. Little then provides you with a complementary report.
Innovation Success
“What has your innovation effort delivered in terms of business success?”
Strengths AND Weaknesses of your innovation model
“In which areas are you performing strongly?”
“Which areas should be addressed first to drive better performance?”
Innovation Management Practices Benchmarking
“How sophisticated is your innovation management practices vs best practice?”
This allows us to confirm the relationship between innovation success (Sales, EBIT etc) and current Innovation Management Practices (IMPs). It positions benchmark participants against your peer group and other participating companies. We can then explore how improving your Innovation Management Practices could improve performance and return on innovation.
The questionnaire is available online or in PDF format. Please notify us when you submit a response and we can provide feedback in 3-5 days.
Past Publications
Additional Authors
Arnaud Siraudin, Martin Glaumann, Philipp Mudersbach, Dr. Albert Meige, Atsuro Inoue, Kerstin Widmann, Rayhaan Surve, Rick Eagar, Shota Mitsuya, Ben Van Der Schaaf, Rui Ibuki, Simon Norman, Elis Wilkins.
STRATEGY & ORGANIZATION AND INDUSTRY PRACTICES
Ignacio Garcia Alves, Philip Van Basten Batenburg, Salman Ali