Key Area | Aspects Of Dimension |
1. Innovation culture | Existence of communication between hierarchical levels. Concern for stimulating participation in the contribution of new ideas. |
2. Concept creation/ generation | Frequent meetings to promote creativity. Participation and integration of suppliers and customers to contribute to or develop new concepts. |
3. Design tools and activities | Existence of a company area responsible for the innovation process, with defined methodologies and action plans. Use of computer-based tools for designing products/processes. Existence of a computational platform for storing, protecting and consulting the information (knowledge belonging to the company). |
4. Human resources management | Existence of continuous and up-to-date control on the personnel’s training level. Considering encouragement of the employees to contribute and participate with new ideas. |
5. Strategy | Integration of promotion with innovation in the organizational strategy. Joint work with high technical knowledge institutions specializing in research and development. Customer approach policy. |
6. Project Management | Existence of a fair process of professional analysis for selecting projects. Participation of specialized projects teams. Participation in competitive funds that can strengthen the investment. |
7. Knowledge management and Intellectual Property | Existence of a plan to strengthen organizational learning. Adequate level of protection and handling of the company’s intellectual property. Presence of benefits associated with the generation of patents. |
8. Capitalization/ROI management | Careful project evaluation and worst case analysis. Innovation projects portfolio management. |