A Lean Innovation Model To Help Organizations Leverage Innovation For Economic Value: A Proposal

Abstract

This paper introduces a Lean Innovation Model for transforming an organization into one that leverages innovation for economic value. The model intends to address two main questions: 1) what are the best innovation transformation approaches for an organization to leverage innovation and 2) how can an organization effectively unleash its untapped innovation capability to increase economic value? How the model works, its constructs, and how it can affordably be implemented will be described. Relationships between the conceptual model and the requisite culture, process, and infrastructure needed for an organization to produce economic value from innovation will be explored.

Using Lean management to leverage innovation in healthcare projects: case study of a public hospital in the UAE

“…In most of the services industry, while innovation is considered as a source of pressure and chronic stress, however, ‘it is clear that innovation is a major driver of organisational success’ 1. According to the study of Dulaimi et al ,2 innovation has been defined as:

The generation, development and implementation of ideas that are new to an organization and that have practical or commercial benefits.

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MIM3: Methodology of Innovation Management for Obtaining the Level 3 of I2MM

“…Assess whether the prototype and the associated business model meet the needs of the customer or end user (Euchner & Ganguly, 2014;Frederic, Lam, and Martin, 2014).…”

Untitled

“…Assess whether the prototype and the associated business model meet the needs of the customer or end user (Euchner & Ganguly, 2014;Frederic, Lam, and Martin, 2014 In the case that due to the nature of the innovative project, the staff of the innovation area does not have the competences or sufficient experiences to develop this activity, the innovation area should hire individuals or firms, which can develop consultancy works on these issues for the organization.…”