What are Innovation Audits? What are the Benefits of Innovation Audits?

• They are an in-depth analysis of different aspects of an

organisation’s current innovation capabilities, procedures • The audit enhances the company’s innovation
and processes, examining key indicators, determining capability;
strengths and weaknesses;
• It identifies opportunities for
• The results of the audit will highlight barriers to innovation, increasing innovation;
as well as identify improvements or new methods to
maximise innovation capabilities. • It clarifies where the organisation needs to focus to
maximise innovation success;

• It embeds innovation in the

company’s processes;
Innovation Audit Framework • The audit can build on individuals’ creativity to be
innovative;

The innovation audit framework reviews five main areas:

• It can identify and control the barriers that stifle creativity
• Innovation strategy; and innovation;
• Idea generation;
• Selection;
•
•
Implementation; and
Organisation.
• It fosters innovation in the organisation’s culture;

• It can align the organisation in common purpose and

action.
Group 3