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"Deliver real competitive advantage through innovation”
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Innovation
Performance
Currently, the popular
press has a pronounced fondness for the word “innovation”.
Businesses and governments are heralding the resurgence of
biotechnology and internet companies – businesses that are all
about being new and groundbreaking – along with a general need for
the economy to become more innovative. The media is extolling
the virtues of entrepreneurs and innovators as the new business
gurus. Established companies are also embracing the drive to
become more innovative. The word “innovation” is appearing in
corporate mission and vision statements and core capabilities
lists.
The
question that is not being addressed is what does innovation mean
to established companies and, furthermore, how can their innovation
performance be improved? The purpose of this paper is to
demystify innovation for established organisations and to outline
the elements that make up innovation performance.
Read article
Swinburne
Industry Synergy Grant Project
Development and
Validation of an Innovation Diagnostic and Measuring Instrument
Managed Innovation International (MII) is pleased to demonstrate
its commitment to Australian innovation by collaborating in
research with the Australian Graduate School of Entrepreneurship,
(AGSE). In 2004, Swinburne University of Technology offered the
opportunity for its staff and industry to collaborate under
proposals for an Industry Synergy Grant. The annual grants are
aimed at stimulating innovation and enhancing the nature and scope
of Swinburne's relationships with industry partners. MII teamed
with Dr Shahid Yamin and Allan O’Connor of the AGSE at Swinburne on
a project to develop and validate an Innovation Diagnostic and
Measuring Instrument that will provide substantial benefits to MII
clients and grow the academic insight for the AGSE into the
workings of industry, for both teaching and research purposes.
The Research
Project, completed in August 2004, provided a new generation of
innovation diagnostic tools and assisted MII to pinpoint the
organisational weaknesses in growing innovation capacity. The
project foreshadowed a long term relationship between the AGSE and
MII. Allan Ryan, Director of MII says “We have taken the long term
view that improved innovation performance is vital to the ongoing
success of our industries and further more our country. The support
of this project is only the first step in validating and improving
the tools, processes and methods used by MII”.
View Executive Summary of the Swinburne Synergy Grant
Research Project. |
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