business performance

Successful Approach for Improving Innovation Management for SMEs

It's a well known fact that Europe's competitive potential is dependent on the capacity to be truly innovative and creative in launching new successful products and services. This can be a daunting challenge for many organizations, not the least for small and medium sized enterprises that often lack proficiency in innovation management. IMP³rove is an approach developed especially to meet the needs of SMEs to help them develop innovation management performance with sustainable impact.

Ideascale2019-10-15T15:05:38-07:00March 22nd, 2010|Categories: Interview, Life Cycle Processes, Strategies|Tags: benchmarking, Best Practices, business performance, competitive edge, innovation consulting, innovation life cycle processes, Innovation Management, innovation metrics, innovation performance, innovation traning, innovation value, Interview, measuring innovation, SME, sustainability, sustainable innovation|

Lean Innovation Management for SMEs

The use of innovation management increases your operational margins. This was one of the key findings of a European study on Innovation Management performance within SMEs. The growth champions were reaching approximately 12% operational margins, an exceptional performance compared to the 5% operational margin of the average SME. In this article Dr. Dirk Balfanz and Dr. Bernhard Kölmel describe a lean and efficient approach to Innovation Management specifically targeted to the needs of SMEs.