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Guide to Managing Innovation - Assignment Example

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This paper "Guide to Managing Innovation" discusses BSI British Standards - a standard as “an agreed, repeatable way of doing something. It is a published document that contains a technical specification or other precise criteria designed to be used consistently, as a rule, guideline, or definition.”…
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Guide to Managing Innovation
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Download file to see previous pages It is a universal fact that engineering design must be cautiously planned and meticulously executed; if the design is being aimed to overcome a shortcoming or adding a new feature to the existing product, then the design process gets classified as an innovation. So, under certain conditions, engineering design and innovation are inter-related. In other words, innovation is a key process in a product’s development. I have always been intrigued by innovations, primarily because an innovation challenges conventional thinking, it goes beyond technology. Above all it is imperative for organizations, it is linked to survival and at times it is mentioned as the only sustainable strategy for growth. Hence, I preferred to choose the standard “Guide to Managing Innovation.”

Process and the justification I followed to select the standard: We were required to select one standard of our choice from the list of informative references contained in BS7000: Part 2: 1997: page 34. Based on my interest in “the innovation process”, I short-listed the references those were related to innovation. After that I studied the scope of each of those standards. In the standard BS 7000-1:2008 I could note that:

i) The scope of the standard was broad and it covered diverse set of aspects of managing an innovation. These include: value chain; change management; innovation from organizational perspective; innovation leaders; ethnographic research; tools and techniques for innovation; rapid prototyping and risk assessment.

The standard BS 7000-1 provides guidance on managing innovation, in particular the design and development of innovative products that satisfy customers’ perceived needs and aspirations in the long-term future. The standard highlights the importance of inclusive design by indicating that it covers all aspects of a product used by a wide range of users (in age and capability) and contexts. Hence it is the standard BS 7000-1 that transforms the process of “design” into an “inclusive design” to provide a higher order of satisfaction to the entire user base/market population.  ...Download file to see next pagesRead More
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