Immediate results from the benchmarking process

Are you part of the elite?		Why benchmarking?		Five-step process		Immediate results		Implementing solutions

Status report on how you measure up to the elite A report showing your company's standing compared to the industry average and the top 20% in terms of new-product performance and the use of best practices proven to drive new-product performance. The results are presented in a visual, easy-to-read format so it is immediately evident where to focus your efforts. This measurement report is the basis for planning how to boost your company's innovation skills. It constitutes a performance report card and a starting point from which you can measure and track the progress of your improvement efforts. You can continue with annual measurements to further document your progress.
Objective problem definition and action planning The leadership team develops a cause-and-effect map and a shared understanding of the improvements needed and not least, what is already working well and should remain unchanged. This profound charting forms the basis for a well-founded plan on how to optimise the company's innovation engine and the resulting impact on growth and profit from new products.		Your company's key people from development, marketing, production, management and other functions will be behind the plan of action.
Strong backing from your company's key people The action plan is developed in a highly committed process involving management and those who do the actual innovation work. This ensures cross-organisational understanding and backing and thereby the optimal conditions for successful implementation.