Downloadable Slide Presentation from the Innovation Portfolio Management Webinar

  • 1,824 views
Uploaded on

 

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
No Downloads

Views

Total Views
1,824
On Slideshare
0
From Embeds
0
Number of Embeds
1

Actions

Shares
Downloads
82
Comments
0
Likes
1

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Beyond Phase-Gate: An Innovation Portfolio Management Model
    Next Practices in Innovation Management
  • 2. Who We Are…
    • The American Institute for Innovation Excellence is a 501(c)(3) non-profit organization organized as a professional research “think tank.”
    • 3. Under this organizational framework, the AIIE limits and dedicates its operations to promoting innovation excellence, for the exclusive and charitable benefit of government agencies, corporate entities and the greater good, through research, development, education and publication within the following focus areas:
    Innovation Management Best/Next Practices Development
    Innovation Management Maturity Concepts
    Innovation Execution Delivery Methodologies
    Portfolio, Program and Project Execution Models
    Innovation, Idea and Creativity Concept Education and Training
  • 4. Is Phase-Gate The Right Tool For The Job?
    Research Question(s):
    If the leading framework and approach for innovation management, such as phase-gate, requires such prolific modification by its professional user base, is it simply the wrong tool for the job?
    If the answer to question one is in the affirmative, what are some alternatives to moving beyond these linear, step-by-step process-based approaches for innovation management?
  • 5. Research Approach…
    Review:
    Foundational & Historical Assessment
    Analysis:
    Challenges With Traditional Phase and Gate-Based Approaches
    Concept Development:
    The Innovation Portfolio Management Model
    Innovation Architecture
    Implementation Recommendations:
    Innovation Portfolio Management Model Suggested Implementation Roadmap
    Commonly Used Innovation Management Process Artifacts
  • 6. The Innovation Portfolio Management Model
  • 7. A New Innovation Management “Value Chain”
    Needed a way to resolve three of the biggest pain points (and main points of failure) experienced by organizations seeking an innovation management approach:
    Aligning innovation approach to overall organizational strategy
    Strategic Alignment
    Review, selection and management of multiple ideas
    Portfolio Management
    Execution of individual initiatives within the portfolio
    Execution Management
  • 8. Strategy Development
    • Executive Leadership Function
    Determines where the organization needs to be positioned for the future and how they will get there from a tactical perspective
    Also ensures a focus on market and environmental trends, developing responses to various potential future scenarios and observing consumer preferences and behaviors
  • 9. Concept Development
    • Research & Development Function
    Ensures independent assessment of market trends, research on new scientific developments, exploration of alternative uses for existing materials and encourages innovative new thinking
    This “blue sky” approach will ensure that thinking is not limited to strategic intent, thus ensuring an appropriate mix of risk / reward initiatives within the innovation portfolio.
  • 10. Building The Innovation Portfolio
    • Executive Leadership Function
    • 11. Portfolio Management Function
    Strategy and possibility are combined to ensure that the organization works on the right initiatives to maintain a growth focus and starts that work at the right time within identified near-term, mid-term and long-term time horizons.
  • 12. Building The Innovation Portfolio (cont’d)
    • Executive Leadership Function
    • 13. Portfolio Management Function
    The portfolio-based approach explores risk, places initiatives into categories that align to strategic focus areas, manages resources, sets priorities and conducts time-boxing, sequencing and duration setting functions.
  • 14. The Innovation Portfolio Grid
    Sustaining Portfolio
    “Keep The Lights On” (KLO) Activity
    Maintenance
    Support
    Incremental Portfolio
    Continuous Improvement / Lean Activities
    Line Extensions
    Feature Releases
    New Concept Development – Breakthrough Portfolio
    Existing market “game changers”
    New Concept Development – Disruptive Portfolio
    New / Adjacent market “game changers”
  • 15. The Innovation Portfolio Grid (cont’d)
    A
    “Place Your Bets”
    D
    B
    F
    C
    E
    G
  • 16. Portfolio – Execution Loop
    • Executive Leadership Function
    • 17. Project Management Function
    Circular feedback loop between Execution and Portfolio Development, ensures that the individual efforts being managed within portfolio remain aligned to the appropriate overall strategic portfolio focus areas and time horizons.
  • 18. Execution Activity
    • Project Management Function
    Day-to-day project operations are planned, executed, monitored and controlled.
    Monitoring and reporting make up the main feedback mechanisms utilized to ensure the initiatives either continue toward delivery or take some other action to change course.
  • 19. Delivery Activity
    • Sales Function
    • 20. Marketing Function
    • 21. Support Function
    Strategic alignment and transition to organizational marketing functions, sales approaches, delivery mechanisms and established levels of support
  • 22. The Innovation Portfolio Management Model
  • 23.
  • 24. Full Report Available at:
    American Institute for Innovation Excellence
    ~ http://www.AIIEOnline.org ~
    Click on:
    • Research
    • 25. Published Research
    • 26. Spring 2011 Report