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Firm Readiness Level for Innovation Projects: A New Decision-Making Tool for Innovation Managers

Author

Listed:
  • Daniel Galvez

    (Department of Industrial Engineering, University of Santiago de Chile, 9170124 Santiago, Chile)

  • Manon Enjolras

    (Équipe de Recherche sur les Processus Innovatifs, ERPI, Université de Lorraine, ERPI, F-54000 Nancy, France)

  • Mauricio Camargo

    (Équipe de Recherche sur les Processus Innovatifs, ERPI, Université de Lorraine, ERPI, F-54000 Nancy, France)

  • Vincent Boly

    (Équipe de Recherche sur les Processus Innovatifs, ERPI, Université de Lorraine, ERPI, F-54000 Nancy, France)

  • Johan Claire

    (Innovation Way, F-54000 Nancy, France)

Abstract

Innovation projects represent a major challenge for business managers due to their associated uncertainty degree. The already existing methodologies to support the innovation projects are aimed at piloting them and establishing the management stages in a flexible and agile way during their deployment. This paper proposes a complementary ex-ante methodology that seeks to aid the decision-making of companies to choose whether or not to launch a potential innovation project. This methodology evaluates to what extent the technological system of the company has the minimum required maturity degree of competencies to successfully achieve the innovation project. Thus, in first instance, an innovation project is characterized according to its novelty degree; both inside the company and in its environment. Subsequently, according to the previous characterization, the future project will have an impact on the technological system of the company. The capabilities of the firm are represented by a set of good practices associated with the innovation projects’ management that the company is able to deploy. Finally, the minimum maturity degree required by a particular project of these practices is determined. Then, the gap between the maturity requirement profile and the current profile of the company is established enabling to decide on the implementation of the project or not.

Suggested Citation

  • Daniel Galvez & Manon Enjolras & Mauricio Camargo & Vincent Boly & Johan Claire, 2018. "Firm Readiness Level for Innovation Projects: A New Decision-Making Tool for Innovation Managers," Administrative Sciences, MDPI, vol. 8(1), pages 1-17, March.
    • Handle: RePEc:gam:jadmsc:v:8:y:2018:i:1:p:6-:d:135794
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    References listed on IDEAS

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    Cited by:

    1. Mauricio Camargo & Laure Morel & Pascal Lhoste, 2021. "Progressive University Technology Transfer of Innovation Capabilities to SMEs: An Active and Modular Educational Partnership," Post-Print hal-03140931, HAL.
    2. Kucher, Lesia & Hełdak, Maria & Orochovska, Lyudmila, 2023. "Assessment of the readiness of agrarian enterprises to implement innovative projects," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 9(1), March.
    3. Kaoutar Jamai & Ali Abidar & Hans De Steur & Xavier Gellynck, 2022. "Assessing Firm Readiness to Adopt Cluster-Based Innovative Projects: A Segmentation Analysis," Sustainability, MDPI, vol. 14(2), pages 1-23, January.

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