Innovation Performance Scoreboard is a methodology based on 5 areas of analysis that make it possible to evaluate a company’s level of Innovation

The IPS approach focuses on 10 drivers if innovation

1. Establish measurable innovation objectives that can be shared, for example:
   • number of patents
   • turnover from new products
   • degree of client satisfaction with new products
2. Define the maximum levels of innovation strategies and identify a specific and interfunctional group to control its application
3. Develop a mind-set that favours Innovation:
   • Focus on motivation
   • Sharing of values and standards
   • Skills development
   • Promote creativity
4. Formalize a process for conceive, develop, and launch new products and processes on the market
5. Manage a process of continuous improvement of the products launched with structured and steady feedback to R&D teams
6. Extensive use of methodologies to support Innovation for the development of new products and processes, for ex:
   • Reverse engineering
   • Design to cost and Value analysis
   • FMEA, QFD, SPC, Conjoint analysis
7. Identify innovation objectives for time, cost, and quality for each project, analysing the causes of discrepancies
8. Define a coherent reward system for individuals with objectives and bonuses focused on Innovation
9. Extensive use of IT to distribute web-based systemsto manage the Innovation process, for ex.:
   • Generation of innovative ideas
   • Client and Competitor analysis
   • Development and management of technical documentation
   • Management of job descriptions and product life cycles
   • Program e project management
10. Constant monitoring of product strengths and weaknesses compared to those of leading competitors in terms of Innovation