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.
Ideascale2019-10-15T15:05:44-07:00December 14th, 2009|Categories: Organization & Culture|Tags: Best Practices, Business Model Innovation, business performance, front end of innovation, Innovation Culture, innovation evaluation, Innovation Leadership, innovation life cycle processes, innovation metrics, innovation performance, innovation phases, Innovation Strategy, leadership, lean, lean business development, lean innovation, long term planning, operational margins, process improvement, product line roadmapping, project management, scaling, SLIM, SME, smes, team development|