Page 22 - 15 Best Practices to Manage and Finance Innovation

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BEST PRACTICE
CROSS-FUNCTIONAL AGILE PROJECTS CROSS-FUNCTIONAL AGILE PROJECTS Economic and Technology THE CHALLENGE OF: INNOVATION INNOVATION MANAGEMENT THE CHALLENGE OF: INNOVATION INNOVATION FUNDING
IMPORTANCE OF OF TECHNOLOGY AND ECONOMIC MONITORING IN IN IN IN IN IN SECURING INNOVATION INNOVATION FUNDING
ECONOMIC AND An effective intelligence process will monitor a a a a company's economic legal and technological environment in order to identify and collect relevant data to help the company anticipate future threats and seize growth opportunities This is is key to defining and implementing a a a a a multiyear strategic plan for innovation and and provides the quality and and quantity indicators to to support business leaders in in their strategic investment decision- making Effective monitoring processes provide a complete overview of a a specific market’s economic normative regulatory competitive and technical activity including economic factors (pure players challengers) existing product typology existing technologies and regulatory changes related to the emergence of specific technologies ABGI's
BEST PRACTICES
Identify monitoring indicators based on the company's innovation strategy and stakeholder needs Identify and analyse strategic information Share relevant information Implement monitoring strategy with all relevant stakeholders Identify data sources and define the monitoring strategy Define current and future needs of users users and end users Identify potential collaborative innovation partners (technology- scouting)
Identify technological opportunities and strategic development indicators Identify competitors’ innovation processes products business models and talent recruitment projects Analyse the relevance/ importance of the company’s incubator or or accelerator innovative projects BENEFITS FOR THE BUSINESS – this will allow you to:
The most innovative companies often
have well-defined business intelligence 1 processes The key to to to successful monitoring lies in in a a a a a a a a a a company’s ability to to to select analyse and share the data it it has collected 5
CAPITALI-
SATION
Knowledge management PROCESSING 4
RESULTS
Data analysis
Definition of needs 2
SELECTING
SOURCES
Definition of tools
Adaptab3ility to change TARGETING
MONITORING AUTOMATION
ECONOMIC AND TECHNOLOGY INTELLIGENCE MONITORING PROCESS