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Matthew Heim Open Innovation Best Practices For A Full Value Chain Approach


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Matthew Heim Open Innovation Best Practices For A Full Value Chain Approach

  1. 1. Open Innovation<br />Best Practices for a Full Value Chain Approach<br />Matthew C. Heim, Ph.D.<br />President, NineSigma Inc.<br />
  2. 2. Overview<br />NineSigmaBackground<br />An Introduction to Open Innovation<br />Open Innovation for the Entire Value Chain<br />Key Takeaways<br />
  3. 3. NineSigma works with Clients<br />. . . to discover innovative ideas, technologies, products and services from outside their organizations <br />. . . to connect with the very best innovators and solution providers from around the world<br />. . . to quickly and cost-effectively solve their business needs<br />. . . and to transform their innovation processes <br />NineSigma profile:<br /><ul><li>Offices in USA, Europe and Japan
  4. 4. Over 1,200 Open Innovation projects completed
  5. 5. >2 million solution providers contacted
  6. 6. 14,000+ proposals received from 73 countries
  7. 7. South Africa regional partnership with RIIS</li></ul>NINESIGMA IS THE LEADER IN OPEN INNOVATION SERVICES<br />Some of our many global clients<br />Our clients tell us we help <br /><ul><li>Accelerate the innovation cycle
  8. 8. Provide greater access to new ideas, innovation, knowledge
  9. 9. Help hedge risk
  10. 10. Provide an expandable, low-cost network of innovation partners
  11. 11. Expand access to different skill sets and competencies</li></li></ul><li>T H E O P E N I N N O V A T I O N U N I V E R S E<br />External<br />Highly <br />Engaged<br />Optimized<br />Innovation<br />E N G A G E<br />Highly<br />Enabled<br />Closed<br />Innovation<br />Internal<br />E N A B L E<br />Strategic<br />Tactical<br />
  12. 12. Why Open Innovation?<br />Value created through combined approach of internal innovation and externally tapping the global innovation community<br />Capacity<br />Value created by internal innovation with limited external network<br />Speed<br />Value<br />Time<br />
  13. 13. The best connections are often the unobvious ones<br />
  14. 14. The Evolution of OI Capacity Over Time<br />STAGE 1: LAUNCH<br /><ul><li> Project focused
  15. 15. Experimentation
  16. 16. R&D Centric
  17. 17. Learning to be Open
  18. 18. New roles
  19. 19. New processes
  20. 20. Change management</li></ul>Open innovation capacity<br />STAGE 1<br />Launch<br />Time<br />Time<br />
  21. 21. The Evolution of OI Capacity Over Time<br />STAGE 2: CONSOLIDATE<br /><ul><li> Emerging best practices
  22. 22. Defined workflow process
  23. 23. Emerging role of the OI champion
  24. 24. Emerging organizational structure
  25. 25. Areas addressed outside R&D
  26. 26. Evolving reward systems
  27. 27. Emerging metrics structure
  28. 28. Begin to link OI and strategy</li></ul>STAGE 2<br />Open innovation capacity<br />Consolidate<br />STAGE 1<br />Stage 1:<br />Launch<br />Launch<br />Time<br />
  29. 29. STAGE 3<br />The Evolution of OI Capacity Over Time<br />STAGE 3: EMBED<br /><ul><li>Open Innovation strategy clearly articulated inside and outside the company
  30. 30. Well defined, visible OI organization
  31. 31. OI champion with full value chain credibility
  32. 32. Reward systems standardized
  33. 33. Knowledgecaptured and managed to drive competitive advantage
  34. 34. Standard metrics and reporting
  35. 35. Full Value Chain approach</li></ul>STAGE 2<br />Embed<br />Open innovation capacity<br />Consolidate<br />STAGE 1<br />Launch<br />Time<br />
  36. 36. Open Innovation: A Full Value Chain Approach<br />Page 10<br />
  37. 37. Open Innovation: Upstream Research<br />Ideation Support:<br />Identify key technologies available, or in development, <br />That will present joint development opportunities or risks<br />Page 11<br />
  38. 38. Open Innovation: Upstream Research<br />Project Types:<br /><ul><li> Competitive technology intelligence assessments
  39. 39. Emerging disruptive technology threats
  40. 40. Strategic technology intelligence landscapes
  41. 41. Identify potential partners
  42. 42. Identify potential IP acquisitions</li></ul>Page 12<br />
  43. 43. Open Innovation: Design & Development<br />R&D Support:<br />Identify non-core technologies and talents that can help accelerate the new product development lifecycle<br />Page 13<br />
  44. 44. Open Innovation: Design & Development<br />Project Types:<br /><ul><li>Specific technology searches
  45. 45. Specific talent searches
  46. 46. Crowdsourcing (conceptual problem resolution)</li></ul>Page 14<br />
  47. 47. Open Innovation: Manufacturing<br />Manufacturing Support:<br />Find new technologies, processes, etc. to create a more reliable, leaner and cleaner manufacturing process<br />Page 15<br />
  48. 48. Open Innovation: Manufacturing<br />Project Types:<br /><ul><li> Product-specific manufacturing technologies
  49. 49. Lean manufacturing technologies
  50. 50. Green manufacturing technologies
  51. 51. Quality-related (inspection) technologies
  52. 52. Safety-related technologies</li></ul>Page 16<br />
  53. 53. Open Innovation: Process Improvement<br />Process Support:<br />Find experts and methods to help enhance existing processes, or to develop new processes outside your core competency<br />Page 17<br />
  54. 54. Open Innovation: Process Improvement<br />Project Types:<br /><ul><li> Process expert sourcing
  55. 55. Specialized technology processes
  56. 56. Chemical processing
  57. 57. Bio-Technology processing
  58. 58. Quality/Regulatory
  59. 59. Specialized business process</li></ul>Page 18<br />
  60. 60. Open Innovation: New Markets/Applications<br />New Channel Support:<br />Identify new markets for existing competencies and intellectual property via Open Innovation Intelligence<br />Page 19<br />
  61. 61. Open Innovation: New Markets/Applications<br />Project Types:<br /><ul><li> Find new markets for existing products (intelligence)
  62. 62. New applications for existing markets
  63. 63. e.g. Augmented Reality in greeting cards
  64. 64. “Greening” of existing products
  65. 65. e.g. bio-acrylics vs. plastics</li></ul>Page 20<br />
  66. 66. Open Innovation: Ready-Products<br />New & Existing Market Support:<br />Identify existing products and services that can be introduced to an existing portfolio to strengthen current capabilities and improve market penetration<br />Page 21<br />
  67. 67. Open Innovation: Ready-Products<br />Project Types:<br /><ul><li> Ready-products needing funding
  68. 68. Near ready-products needing R&D support
  69. 69. Ready-products needing channel or supply chain support
  70. 70. Bundling opportunities for existing products</li></ul>Page 22<br />
  71. 71. Key Takeaways:<br />Commit, align & build momentum behind your OI effort<br />A Full Value Chain approach requires an empowered and credible OI function<br />Whole-Systems Thinking leads to the highest return on your open innovation investment<br />Develop a balanced portfolio of “Engage” and “Enable” tools and capabilities<br />
  72. 72. Thank You For Your Attention!<br />Matthew Heim, Ph.D.<br />President, NineSigma Inc.<br /><br />