PBA® Innovation Ability
Myriad factors make for a fertile innovation ecosystem
Internal audit functions that are capable of evaluating the organization's innovation ability will do much more than enhancing and protecting organizational value. Innovation ability related assurance is about contributing to organizational survival.
"Innovation is especially critical as a driver of productivity growth and value creation in the Fourth Industrial Revolution." Insight Report, The Global Competitiveness Report 2018, Klaus Schwab, World Economic Forum
"Winning organizations in the next decade will need to rethink the habits that have made them successful in the past and incorporate a steady stream of unconventional ideas to stay ahead of their competitors."
Luke Williams, Professor of Marketing at NY Stern School of Business; Founder and Executive Director of W.R. Berkley Innovation Labs
PBA® gives you deep insights into your organization's innovation ability by decomposing the term "innovation ability" into its function analytical components. Two of these components are reflected in these quotes:
Management expert Jim Collins suggests to blend creativity and discipline to scale innovation: "When you blend a culture of discipline with an ethic of entrepreneurship, you get a magical alchemy resulting in superior performance." www.jimcollins.com
"Where do you put the fear when you choose to innovate? The fear is there, but you have to find a place to put it." Seth Godin, Author and Entrepreneur
PBA® decomposes the term "innovation ability" into its assessable function analytical components that can be compared and contrasted with the organization's knowledge and skill set and its current thinking and behavior preferences.
Provides fine-grained insights into your organization's ability to innovate, at a macro and/or micro levels
Comments on the characteristics, advantages and disadvantages of the organization's current thinking and behavior preferences
Compares and contrasts the organization's know-how and skill set, and its current thinking and behavior preferences with the function analytical components that foster innovation
More about the PBA® methodology.
The organization's innovation ability is a part of corporate culture.
PBA® is a new 360° degree testing & thinking grid to evaluate human factors - across the organization
We want to know more about an organization's innovation ability
We want to evaluate our organization's innovation ability
We want to become a world-class internal audit function