2.1.4 Summary of Key Points

An Innovation audit is a diagnostic tool used to help an organisation to identify its innovation capability, how it performs, as well as providing a strong indication of what the company really needs. It can be implemented by all kind of firms regardless of size and sector. Organisations should follow recommended steps in order to successfully implement a reliable, validated and integrated Innovation Audit that encompasses the appropriate assessments and ends up producing an action plan. This plan will lead the organisations to establish the basis for moving forward and achieving their mission and vision.

After reading this module you will have learnt the essentials on the “innovation audit”: What an innovation audit is, where you could use it and why it is important. You will also have acquired basic knowledge of the implementation procedure you should follow in order to produce and implement an innovation audit. Special tips have been provided which will be very useful for you.