Management Decisions and Control - Report Writing - Management Assignment Help

Assignment Task

According to a McKinsey Global Survey published in 2010, 84% of executives believed innovation was one of top three priorities to their growth in long-term. In order to manage innovation and build innovation capabilities, organizations must invest in innovation and measure their performance in innovation. When a performance measurement system (PMS) is effective, it should align with the innovation objective by guiding employees’ efforts to innovate and capturing the effectiveness and/or efficiency of an organization’s innovation efforts. While there are various definitions for innovation, innovation in this assignment means “doing something new to the organization”, that is, developing new products, new services, or new processes.

Your tasks

Your group is required to design a PMS to measure an organization’s innovation performance aiming to facilitate and sustain its innovation performance on an on-going basis. Innovation Performance Measurement System You are assessed on how well your group:

- understands the organization;

- develops performance measures capturing the organization’s innovation performance;

- explains what your PMS design is and how the performance measures work together as a system;

- uses a management accounting theory to justify how and why your PMS can support the organization’s innovation objective;

- communicates your design of the PMS in a 1-page infographic; and

- presents your design within a given time limit.

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