American Strategic Management Institute

Driving Strategic Innovation

Innovation is the key to an organizationês competitive edge. To drive continuous performance improvements, an organizationês performance management system must measure and provide incentives for innovation at all levels. This is accomplished first and foremost by moving from activity and output measures to strategy and outcome measuresãproviding line managers and employees flexibility for innovative solutions development. Innovation must also be measuredãparticularly in new product development and R & D functions. This training program will provide attendees with tips on how to craft measures that will maximize innovative thinking at all levels of the organization.

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Driving Strategic Innovation
DAY ONE: Innovation as an Organizational Objective and Key Performance Indicator

Module 1: Establishing Strategic Outcomes that Drive Innovative Exploits
• Identifying strategy-centric performance and rewards that encourage innovation
• Defining innovative performance at the organization, unit, and individual levels
• Measuring and benchmarking development of innovative products and ideas

Module 2: Measuring and Motivating Innovative Practices
• Determining competitive needs and internal innovative capacities to satisfy them
• Creating innovative metrics that measure cross-functional innovative performance
• Recognizing and rewarding innovative accomplishments

DAY TWO: Leveraging Innovative Ideas and Practices for Long-Term Growth

Module 3: Creating a Culture of Innovation and Empowerment
• Unearthing the underlying employee assumptions and values about performance
• Establishing rewards, training, and support processes that operate culture consistently
• Providing valid data to empower employees to make timely decisions

Module 4: Formalizing Innovation Management Practices
• Generating and managing innovative concepts from inception through execution
• Emphasizing new performance through budgeting and reporting mechanisms
• Continuously disseminate efficacy and growth opportunities from innovations-Innovation is the central issue in economic