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Best Practice Database
Business Operations » Organizational Strategy and Structure
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"Enabling & Managing Innovative Environments in Organizations"
Best Practices, LLC conducted this benchmarking survey to examine how organizations cultivate and harness innovation to stay ahead of the competition. This study identified the effective practices and metrics that organizations use to encourage individuals to recognize fundamental inefficiencies or opportunities in order to create an organizational environment designed to harvest employee ideas and convert them into commercial benefits.
· Sources of Innovation
· Best Practices
· Revenue attributed to new products
· Organizational support of innovation
· Leadership's attitude towards innovation
· Origination of innovative efforts
· Utilization of innovative tools
· Most effective innovative tools
· Setting expectations and facilitating innovation
· Measuring innovation
SAMPLE KEY FINDINGS
· Innovation Tools– Utilization
Benchmarking is the most common tool utilized by the benchmark class. Quality Function Deployment (QFD) that transforms customer needs (the voice of the customer) into engineering characteristics of a product or service follows and is used by 38% of participants.
Energy; Computer Hardware; Computer Software; Biotech; Pharmaceutical; Health Care; Banking; Manufacturing; Media; Financial Services
ALSTOM; Amdocs; Amgen; Arkansas Children's Hospital; Deutsche Bank; Briggs and Stratton; Shire; Idearc Media Corp; Quadrata; Rockland Trust Company