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

Daniel Galvez, Manon Enjolras, Mauricio Camargo, Vincent Boly and Johan Claire
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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

Administrative Sciences, 2018, vol. 8, issue 1, 1-17

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.

Keywords: innovative project management; novelty degree; decision-making; best practices (search for similar items in EconPapers)
JEL-codes: L M M0 M1 M10 M11 M12 M14 M15 M16 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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