Competition decreases the advantages of the current assets. Dynamic capabilities, capabilities that give innovations and improvements increase the advantages of the firm's assets.
Innovations and Improvements in Products, Facilities and Processes (including business processes, and management procedures) are required in every firm.
Industrial engineering is concerned with innovations and improvements in engineering systems and processes on a continuous basis. Process engineering teams undertake processes design on periodic basis and also design them first time when they are installed.
https://nraomtr.blogspot.com/2017/05/innovation-management-research.html
Idea-to-Impact At McKinsey
Think big. Feel bold. Do more.
At McKinsey, we don't just point the way—we help you get where you need to go. From transforming your performance to powering new growth, we turn your ambition into action. We know what it takes. We do it every day.
Themes and Sub-Themes are outlined First and Then More Detailed content is presented with links to articles with still more details,
------------------------
Innovation
Technological Innovations
Product Innovation
Process Innovation
Facilities Innovation
Human Effort Innovation
Business Process Innovation
Managerial Decisions and Processes Innovation
------------------------
Total Innovation Management
Total Quality Management
Total Productivity Management
Total Industrial Engineering and Management
-----------------------
Individual Contribution
Knowledge - Attitude - Behaviour
Indian View - Vedic View - Purushardhas - Dharma, Ardha, Kama, Moksha
Learning for Innovation.
Doing Innovation - Idea - Evaluation - Doing & Testing - Communicating and Scrutiny- Scaling it up to Use in the Process - Adjusting - Standardizing - Impact
-------------------------
Innovation Management Process
Steps
------------------------
Firm Factors - Supporting Innovation
1 Growth orientation
2 Organisational heritage and innovation experience
3 Vigilance and external links
4 Commitment to technology and R&D intensity
5 Acceptance of risks
6 Cross-functional cooperation and coordination within organisational structure
7 Receptivity to External Innovations
8 Space for creativity
9 Strategy towards innovation
10 Coordination of a diverse range of skills
------------------------
Manager's Actions
First Line Manager
Section - Department Manager
Function Manager - Production, Maintenance, Materials Management, Supply Chain Management
System Manager - Operations, Marketing, Finance
C-Suite - Strategy, Resource Allocation
------------------------
Process Innovations - Productivity
Quality
Productivity
Flexibility
Safety
Sustainability
------------------------
Knowledge for Innovations - Knowledge Management
knowledge sensing capacity, knowledge acquisition, knowledge seizing capacity, knowledge assimilation,
knowledge combination, knowledge synthesis,, adaptive capability, absorptive capability, innovative capability
knowledge reconfiguring capacity, knowledge creation, knowledge development,,
Knowledge Utlization, Product Development, Facility Development, Process Development, Procedure Development
----------------------
Intellectual Property
Patent
Copyright
Trademark
Trade Secret
----------------------
Reward - Revenue Sharing
Strategic - Top-Down Innovation Projects - Strong Emphasis on Protecting the Organization's Interest.
Bottom Up Operations Innovation Idea Based Projects - Be liberal. Emphasis on Encouraging, Developing and Rewarding the Innovator.
----------------------
Detailed Content
------------------------
Innovation
Technological Innovations
Product Innovation
Process Innovation
Facilities Innovation
Human Effort Innovation
Business Process Innovation
Managerial Decisions and Processes Innovation
------------------------
Total Innovation Management
Total Quality Management
Total Productivity Management
Total Industrial Engineering and Management
Total Innovation Management - Introduction
https://nraomtr.blogspot.com/2025/01/total-innovation-management-introduction.html
Total Quality Management (TQM) - Principles and Practices
https://nraomtr.blogspot.com/2025/01/total-quality-management-tqm-principles.html
Quality Management and Total Quality Management
https://nraomtr.blogspot.com/2019/04/quality-management.html
Total Quality Management: Focus on Six Sigma - Review Notes
https://nraomtr.blogspot.com/2011/12/total-quality-management-focus-on-six.html
Total Productivity Management
https://nraoiekc.blogspot.com/2019/10/total-productivity-management.html
Total Industrial Engineering - Notes
"Industrial Engineering is human effort engineering and system efficiency engineering." (KVSSNRao)
This statement appeared in IIE magazine "Industrial Engineer" in March 2010 issue.
Total industrial engineering is a system of methods where the performance of the engineering system is maximized by reducing Muda (excess use of resources in the system), Muri (overburdening/unnatural operation - spoiling the machines and creating health problems in men), and Mura (uneven use of resources -wasting time of resources due to planning). Also, separation of labor from machinery through the use of sensor techniques is attempted to increase labor productivity by enabling operation of multiple machines by each operator. As the output for operator increases due to handling of multiple machines, his income will go up.
https://nraoiekc.blogspot.com/2012/03/total-industrial-engineering-revison.html
-----------------------
Individual Contribution
Knowledge - Attitude - Behaviour
Indian View - Vedic View - Purushardhas - Dharma, Ardha, Kama, Moksha
Learning for Innovation.
Doing Innovation - Idea - Evaluation - Doing & Testing - Communicating and Scrutiny- Scaling it up to Use in the Process - Adjusting - Standardizing - Impact
-------------------------
Innovation Management Process
--------------
-------------
------------
Innovation Management Measurement Areas
Framework category Measurement area
Inputs People, Physical and financial resources, Tools
Knowledge management Idea generation, Knowledge repository, Information flows
Innovation strategy Strategic orientation, Strategic leadership
Organisation and culture Culture, Structure
Portfolio management Risk/return balance, Optimisation tool use
Project management Project efficiency, Tools, Communications, Collaborations
Commercialisation Market research, Market testing, Marketing and sales
Source: Adams et al. (2006).
------------
Managing Innovation Within Firms - Trott - Chapter Summary
https://nraomtr.blogspot.com/2025/01/managing-innovation-within-firms-trott.html
Innovation Management - Research, Development, Design and Commercialization
https://nraomtr.blogspot.com/2017/05/innovation-management-research.html
------------------------
Firm Factors - Supporting Innovation
-----------
Organisational characteristics that facilitate the innovation process
Organisational requirement Characterised by
1 Growth orientation A commitment to long-term growth rather than short-term profit
2 Organisational heritage and innovation experience Widespread recognition of the value of innovation
3 Vigilance and external links The ability of the organisation to be aware of its threats and opportunities
4 Commitment to technology and R&D intensity The willingness to invest in the long-term development of technology
5 Acceptance of risks The willingness to include risky opportunities in a balanced portfolio
6 Cross-functional cooperation and coordination within organisational structure Mutual respect amongst individuals and a willingness to work together across functions
7 Receptivity The ability to be aware of, to identify and to take effective advantage of, externally developed technology
8 Space for creativity An ability to manage the innovation dilemma and provide room for creativity
9 Strategy towards innovation Strategic planning and selection of products, technologies and markets
10 Coordination of a diverse range of skills Developing a marketable product requires combining a wide range of specialised knowledge
--------
Tools for Innovation Management
IT Tools
Enterprise Innovation Management Software
An end-to-end suite of dedicated innovation tools to quickly launch your innovation program
Gartner - Innovation Management Tools Reviews and Ratings
https://www.gartner.com/reviews/market/innovation-management-tools
Selecting Innovation Management Tool
https://innovation.tools/blogs/innovation-blog/what-are-the-best-innovation-tools-for-business
------------------------
Manager's Actions
First Line Manager
Innovation circle
Section - Department Manager
Function Manager - Production, Maintenance, Materials Management, Supply Chain Management
System Manager - Operations, Marketing, Finance
C-Suite - Strategy, Resource Allocation
Idea + Process + You = Success
------------------------
Process Innovations - Productivity
Sustainable Productivity Activity
You have to recover your investment in productivity projects through revenue and cash flow improvements that are realized through price reductions.
------------------------
Knowledge for Innovations - Knowledge Management
Knowledge and technology management Knowledge audits, Knowledge mapping, Technology road maps, Industry foresight panels Document management, IPR management
Knowledge Related capabilities - Innovation performance - Intellectual Property Creation
https://nraomtr.blogspot.com/2025/01/knowledge-related-capabilities.html
knowledge sensing capacity, knowledge acquisition, knowledge seizing capacity, knowledge assimilation,
knowledge combination, knowledge synthesis,, adaptive capability, absorptive capability, innovative capability
knowledge reconfiguring capacity, knowledge creation, knowledge development,,
Knowledge Utlization, Product Development, Facility Development, Process Development, Procedure Development
----------------------
Intellectual Property
Conceptualizing, Promoting, Financing and Managing Startup - Protecting Intellectual Property
https://nraomtr.blogspot.com/2025/01/conceptualizing-promoting-financing-and.html
----------------------
Reward - Revenue Sharing
Strategic - Top-Down Innovation Projects - Strong Emphasis on Protecting the Organization's Interest.
Bottom Up Operations Innovation Idea Based Projects - Be liberal. Emphasis on Encouraging, Developing and Rewarding the Innovator.
----------------------
More Related Articles
Samuel Medley
Jan 14th, 2025
Innovation in Manufacturing: Industry Trends and Challenges
https://www.qmarkets.net/resources/article/manufacturing-innovation/
Updated 17.1.2025
Published on 13.1.2025
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