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Innovation: Evaluation and Control - Coggle Diagram
Innovation: Evaluation and Control
PROCESS
Control
CUltural
individuals act according to company culture
Strategic
meeting strategic goals
Financial
Gaps between desired financial outcomes and current rate
Adjustments
Rethink business process
Look for improvements by redesigning processes
Empowering those involved
Evaluate and develop goals
Evaluation
Where will we end up if we continue?
What can affect us positively or negatively
future strategic capabilities
future competitiveness
Competitive advantage
Where are we now compared to where we want to be
Structural analysis evaluation
Information system evaluation
External environment evaluation
Strategic environment evaluation
Establish Objective
Compare performance to standards
Do nothing or reinforce actions (control, adequate)
Take coercive action (control, inadequate)
Measure Performance (Evaluation)
Establish standards (control)
IMPLEMENTATION
PLanning
Deciding on innovative strategy
Implementation
Developing systems, structures, and fit
Evaluation and control
MOnitoring and changing plans and activities
Other concerns
Organizational focus
whether overall goals are ccomplished
Creation of value
Accumulation of effort to produce new ideas, add value to market or stakeholders
Best practices
New tech and competitive opportunities