Innovation auditing, knowledge management and networking management are some of the key components of the innovation process.
It is important that the innovation process itself can be measured over time. No entrepreneur wants to wait until next spring to find out the previous year’s results—that goes without saying! The same applies to the auditing of innovation: entrepreneurs and employees need to be kept up to date, as quickly as possible, about progress, intermediate stages, tests, customer surveys, costs, exceptions made to the time budget, etc. That is the price of success.
An innovation audit is therefore not simply an auditing exercise but also acts as an early warning system. And only simple and accessible auditing tools help to complete this task. The main question is whether the current status of the innovation process is in line with the innovation strategy in place.
Patents, customer feedback, tests and laboratory reports, prototype functionalities, etc. are also measuring tools that save a company time and money. It is important to stay in regular contact with other departments (marketing, operations, etc.), as well as with customers and commercial partners. The reactions and suggestions of project participants should also be taken into consideration.
For your company to be one step ahead, it needs to have the best possible knowledge of customers, suppliers, products, etc. and also be in the right place at the right time. How? By using a discipline called “knowledge management”. This discipline also helps to establish the validity and means of access to confidential documents and information, although no barrier of this kind should, in principle, exist within the company.
The checklist below is a valuable aid for observing the main areas relating to knowledge management (checklist available for downloading opposite):