Managing Innovation is the process that delivers a flow of technological advances to the community.
The process of research and development has always been critical and particularly challenging for organisations that wish to be at the leading edge in their industry. Large budgets, complex organisations with highly capable staff, and a high level of technical and market risk are the norm.
Benchmarking the process "Managing Innovation" provides the same rewards as benchmarking any process where the stakes are high, and the benefits of managing the process more effectively are likely to far outweigh the costs of learning how.
Managing Innovation covers but is not limited to these activities:
Research
Development culminating in first commercial application
Intellectual property acquisition or spin-off
Totally new products / systems / services or innovations of existing applications
Various forms of collaboration
Acquiring and managing people and other (e.g., financial) resources
Managing communications with internal clients
For the past 7 years Benchmarking PLUS has delivered an annual performance
benchmarking service to a syndicate of the laboratories of major
telecommunications services providers in Europe, USA, and Asia. Benchmarking
PLUS acts as the ‘honest broker’ of confidential information between syndicate
members, thus enabling them to compare performance in Managing Innovation
without disclosing commercial secrets.
To organisations whose performance in Managing Innovation is their lifeblood, we offer these services:
Set-up and facilitation of performance benchmarking syndicates
Process benchmarking (industry, functional or generic)
Workshops of industry groups
Major telecommunications services providers
Their component, equipment, and systems suppliers
All other forms of business and consumer electronics
Pharmaceuticals and biotechnology.