Bachelorarbeit, 2010
45 Seiten, Note: 1
This thesis aims to demonstrate the potential of internal benchmarking and lessons learned to improve the innovation life cycle process. It explores the importance of innovation management, particularly focusing on the innovation life cycle process, and examines how internal benchmarking and lessons learned can be effectively applied within this context.
The key focus of this thesis lies in understanding the innovation life cycle process and exploring the potential of internal benchmarking and lessons learned as tools for improvement. This includes the importance of innovation management, the challenges faced within the innovation process, the effective implementation of benchmarking and lessons learned, and the role of experience in mitigating risks and enhancing efficiency. The application of these concepts in the innovation life cycle process contributes to a deeper understanding of how to improve the process and achieve successful innovation outcomes.
Innovation Management is a key driver for growth and allows companies to remain competitive in rapidly changing global markets. It helps organizations systematically develop new products and processes.
The process typically includes three main phases: Idea Management, Process/Product Development, and Launch/Continuous Improvement.
Internal benchmarking allows different departments to compare their methods. It helps identify best practices within the company, increases efficiency, and helps avoid repeating past mistakes.
"Lessons Learned" refers to the process of gathering and analyzing experiences from previous projects. Bringing this experience into the innovation cycle ensures that successful strategies are repeated and failures are avoided.
Yes, by utilizing existing internal knowledge and avoiding redundant steps, companies can significantly reduce the time it takes to bring an innovation from the idea stage to the market.
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