Reference no: EM13588853

Please select 3 of the 10 items listed below as most important for your organization when using innovation as a growth model for your company's survival. Please explain your reasoning for your choices and include your feelings on whether your organization has or will meet the requirements you feel are most important for your organization.

1. Has your company explicitly linked their thrust on innovation to business strategy?

2. Has your company set stretch targets that demand that company performance well exceeds the industry average?

3. Has your company created the financial infrastructure to promote low-risk experimentation by setting up several small, strategic pools of funds?

4. Has your company taken steps to establish an enabling business environment by advocating a customer-focused business process view?

5. Do your organization's key performance indicators include metrics of quality and timeliness in providing products and services to customers?

6. Is your company's current accounting and internal control procedures designed to encourage or impede innovative thinking?

7. Does your company have a corporate culture where innovation is valued and failure isn't fatal?

8. Does your company have a corporate environment where new voices can be heard?

9. Is your company's reward and recognition system designed to recognize and reward innovation and innovative activity?

10. Is there a conscious effort to seek out alliances and encourage investigation of business practices in other industries?