Page 26 - 15 Best Practices to Manage and Finance Innovation

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BEST PRACTICE
CROSS-FUNCTIONAL AGILE PROJECTS CROSS-FUNCTIONAL AGILE PROJECTS Knowledge Capitalisation
THE CHALLENGE OF: INNOVATION INNOVATION MANAGEMENT THE CHALLENGE OF: INNOVATION INNOVATION KNOWLEDGE CAPITALISATION TO ACCELERATE INNOVATION INNOVATION KNOWLEDGE CAPITALISATION TO INNOVATION INNOVATION MANAGING KNOWLEDGE TO IMPROVE YOUR INNOVATION PROJECTS Knowledge is defined as as the strategic learnings of a a a a a a a a a company and constitutes an an an an intangible asset fin in in in its own right In a a a a a a a a context of of rapidly changing practices and the digitalisation of of companies knowledge management plays a a a a a a a a major role in in in in maintaining a a a a a a a a competitive edge identifY formalise
Identify Access Localise Model Characterise Formalise Map
Knowledge management aims to:
• Identify the the the knowledge developed by the the the company's human resources especially its R&D teams within the the the the framework of their projects • Formalise and and gather this knowledge through the the implementation of a a a a a a a a a a dedicated process and and tool for managing the knowledge base • Evaluate and update all all the the knowledge knowledge held within the the company so that all all relevant knowledge knowledge can be managed as as an an an an an intangible asset • Promote and and organise the knowledge held within R&D pre-projects and and projects projects Knowledge capitalisation is is is important because a a a a a a a a a a a company’s ability to devise and deploy innovation projects (especially in in in partnership with external companies or research centres) relies on
previous knowledge and learnings recorded internally Evaluate Prioritise
MANAGE Record
Develop a a vision Inform / / / Train / / / Promote Organise / / / / Coordinate Facilitate / / / / Encourage Motivate / / / Measure / / / Follow up Access Spread Evaluate Share Update Leverage Standardise Combine Enrich Create
UPDATE PROMOTE
ABGI's
BEST PRACTICES
Promote networking and project collaboration: Establishing an an an enterprise social network and open access information system both fosters the the exchange of ideas between employees and improves their access to the the company's knowledge Record
and archive all all data especially technical data to enable the future maintenance and evolution of a a a a project’s products Safeguard end-of-project feedback and its value to the company Record
project learnings: what worked what what didn’t what what needs to be improved in future projects Improve overall performance through increased innovation project productivity
Improve team motivation by enabling them to expand their knowledge Strengthen the the company’s intangible assets by increasing its knowledge capital Minimise the risk of skills shortage
BENEFITS FOR THE BUSINESS – this will allow you to: