A systematic approach to corporate innovation excellence

Abstract

While international standards on innovation management have gained interest, “excellence” in innovation management has not been thoroughly studied in the literature. To address this gap, this study proposes the “Innovation Excellence Model” for corporate innovation. This approach aims to provide a concise way of excellence in corporate innovation system design. This model focuses on three important components of the system: innovation execution system, innovation organization, and innovation engine. This model is based on three different innovation engines (idea-driven, analysis-driven, and research-driven) and proposes a card-based control system to balance workload and project flows. The integration of card-based control and its simulated case provides a tangible and effective means of translating theoretical concepts into practical execution. A novel key performance indicator, “CIP – Corporate Innovation Performance” is also introduced for monitoring the excellence degree. By fostering a holistic understanding of excellence in corporate innovation, the model enables organizations to navigate the design of innovation management system, propelling them toward excellence and growth. © (2024), (Society of Sytematic Innovation). All Rights Reserved.