Technology Audit in the Framework of Corporate Innovation Strategies: The HSE Experience Second International Summer School S&T and Innovation Development July 11, 2011 Elena Vetchinkina evetchinkina@hse.ru www.hse.ru 1
The concept of technology audit The concept of technology audit in the corporate innovation strategies framework Precedent notions = Notion updates Financial audit ( accounting ) Innovation and technology level assessment Technical expertise on equipment or Scope of innovation and technologyrelated activities for competitiveness a set of technologies enhancement analysis: Equipment and technologies absorption Commercialization and transfer Goods and serviced produced, IP potential ti on technology R&D employed Organization structure and business results identification processes. > 2010-2011. > Time horizon 2
Technology Audit contest within the corporate innovation strategies framework Subject of analysis The outcomes (tools) 1 Long-term development strategy Key challenges and strategic guidelines Given the corporate innovation development programme guidelines, technology audit procedures comprise from the following pillars: Production and innovations performance Key performance indicators (KPI) estimates t 2 3 4 5 New technologies employed by companies Innovative and high-technology goods and services S&T and Innovation funding Business structure, business and production-technology processes Prospective technology absorption methods Innovation products & services portfolio analysis Financing i of S&T and innovation development S&T and innovation management, process innovations 3
Principles for indicators design System of indexes for technology auditing Basic requirements Comprehensiveness Data availability Accessibility Objectiveness Relevance Additional requirements photo Flexibility Measurability Feasibility Firm- and Industry- Comparability customization Non- redundance System of indexes subject areas Productivity Costs of production and Operating expenditures User properties Energy efficiency Health, safety and environment- efficiency Innovation development Intellectual property creation and transfer R&D, technology and innovation activities financing 4
The challenge for indicator system A new system of indicators which suit all the requirements and to propose valuation methods for Production performance S&T and innovation development Market factors Innovations and technologies embodied into the business processes, operating activities and matching goods and services manufacturing processes Measuring the competitiveness: F = f(k, L, M, Technological advance) System of indicators was harmonized with international experience International standards, guidelines and Best practice: Foreign companies recommendations International and regional organizations (including industry-specific) International, regional and national innovation offices Key performance indicators High-technologies and innovations IP objects New products and services Business structure and processed 5
System of statistical indexes for corporate innovation and technology level assessment Innovation and technology level assessment Production performance indexes Aggregate production performance Technology Efficiency and Effectiveness of Production Process Science and Technology and Innovation activities indexes photo Research and Experimental Development Activities Innovation Activities Effectiveness Turnover, sale volume and marketplace ratios Profitability and manufacturing costs factors Fixed capital assets employment Expenditures for intermediate consumption Production (services) quality Labor and human resources metrics employment Structural, flexible e and systematic model Production o technologies og es processing Resources for research and development activities Science and technology activities effectiveness and intensity Internal and external audit Innovation activities Expenditures for innovations Innovation activities effectiveness and intensity Cooperation ties and interaction with external sources for innovation KPI + Benchmarking 6
Comparative analysis: production, technologies and innovation activities Indexes for innovation and technology level assessment Key performance indicators Benchmarking Companies selection criteria Companies comparison criteria Basic requirements 2011 Industry Type and range of operation activities Operation activities measures matching etc. KPI 1 KPI n Industry average Financials Production performance etc. 2020 Direct competitors Best-practice companies Industry average and threshold level + 7 KPI target variables strategy objectives
Comparative analysis: innovation&technologies and products&services When the analysis of statistic indicators is not sufficient Scoring and indexes + Expert statement Innovations and technology absorption matrix Product and services portfolio analysis Projects Innovation metrics Maturity Absorption and application rates Implementation Innovation technology 1. Innovation technology N C ompany 1 X. Co ompany N X Innovation and technology metrics Maturity & technology readiness Time of production stages Innovation product 1. Innovation product N Co ompany 1 X Co ompany N. X List of preferential technologies and projects that t employs the bestpractice and matches company s project portfolio and peculiarities 8
Next steps for innovation strategy development based on technology audit Technology audit Key performance and innovation indicators Innovations and technology absorption matrix Product and services portfolio Corporate Innovation Strategy Strategy Management System and Instruments Innovation and S&T management Structure and business-processes Standards and regulations Scenarios and Integration Planning Roadmap Cooperation and Partnership Programme Research centers and higher education institutes Small and medium innovation enterprises photo Technology platforms participation 9
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