Productivity and Innovation Strategy (PSI)
Plan and manage innovative systems to evaluate the productivity in an organization, in order to conduct a diagnosis and formulate innovative strategies
Type
Functional
Competency Area
Business Technology Management
Levels
Understands basic components for innovation strategies
Lists the various kinds of productivity innovation strategies that can be adopted (continuous, discontinuous, etc.)
Understands the use of the “Productivity and Innovation Roadmap” as a useful tool for developing an innovation strategy
Identifies the purpose of the innovation value chain to adopt a relevant innovation approach
Gathers new ideas from internal and external environments to achieve a competitive advantage in productivity in the marketplace
Demonstrates knowledge of various components required to assess, select, and screen new ideas
Aware of various forms of diffusion strategies in implementing new productivity tools across the organization.
Applies knowledge to conduct preliminary assessments
Classifies innovation based on two dimensions; the technology it uses and the market it operates in
Synthesises the organisation's past trends to find out timelines for developing and adopting a certain degree/type of innovation
Summarises the three phases of an innovation value chain (idea generation, conversion and diffusion)
Categorises ideas based on implementation feasibility(resource requirements, budget, market trends, etc)
Supports in creating a matrix for the various components required in selecting an idea for implementation
Recalls the relevant communities in the organization to support and spread the productivity tools service, process, and practices across the organisation
Designs innovative strategies
Develops innovation matrix to suggest the most relevant type of innovation in productivity (Gradual/ incremental, Radical approach)
Evaluates detailed trend analysis and classification of the trends on a trend timeline to gauge the critical point of employee engagement
Identifies inputs, tools and techniques, and outputs for each of the three phases of the innovation value chain
Evaluate various key performance indicators of the shortlisted ideas (no. of high-quality ideas from internal and external sources, etc.)
Analyses ideas for selection based on assessment criteria (percentage of ideas selected to be funded, funded ideas generating revenues, etc.)
Incorporates software and tools to improve productivity (e-purchasing, smart inventory control systems, etc)
Cultivates a culture of innovation across organisation
Aligns innovation in productivity planning with the organisation’s short and long term goals
Rationalises tools and strategies to propose the right time for introducing a productivity and innovation strategy.
Assesses relevant tools and techniques for the three phases of the innovation value chain
Cultivates a culture of ideating innovative productivity tools as a core competency in the organisation’s long term development goals
Champions the success potential of productivity and innovation ideas in generating revenues
Persuades improving productivity to be an ongoing activity by setting up continuous improvement plans