What is PD CEN/TS 16555-7about?
PD CEN/TS 16555-7provides guidance on assessing the innovation management system (IMS) and its performance. PD CEN/TS 16555-7describes how organizations can create transparency internally on strengths and weaknesses in their innovation management system. This transparency can be used as a basis to develop effective actions to improve innovation management capabilities and performance. Increased innovation management performance is essential for generating value for the organization, its network partners, and key stakeholders.
PD CEN/TS 16555-7also provides guidance on:
- Various types of innovation management assessment approaches
- The generic process of an effective innovation management assessment
- Elements of innovation management to assess, including the insights and the impact that can be gained from the innovation management assessment.
Who is PD CEN/TS 16555-7for?
PD CEN/TS 16555-7on innovation management with assessment is useful for:
- R&D team (Research & Development)
- The technical advisor
- Quality assurance
- Innovation management handling departments
Why should you use PD CEN/TS 16555-7?
Innovation management is critical in achieving and maintaining competitiveness based on the delivery of new products and services or new processes and business models that meet the changing needs and expectations of customers and citizens alike. Many highly successful and innovative organizations have developed strong innovation capabilities through the development of innovation management systems and the assessment of performance in this area. There are several reasons for any organization to start the development of innovation management capabilities with an innovation management assessment.
The advantages of using PD CEN/TS 16555-7are mentioned below:
- Learning which elements should be part of an innovation management system and how to assess their performance
- Gaining insights into the organization’s innovation management capabilities and performance
- Gaining insights into how the organization compares with competitors regarding innovation management capabilities and performance (benchmarking)
- Obtaining recommendations and an action plan to close the gap between the current performance and future ambition of a higher level of innovation management performance
- Providing customer and market insights
- Preventing the business from becoming obsolete
