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Downloadable Slide Presentation from the Leveraging Innovation Centers of Excellence Webinar


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Downloadable Slide Presentation from the Leveraging Innovation Centers of Excellence Webinar

  1. 1. Leveraging Innovation “Centers of Excellence” Presented By: American Institute for Innovation Excellence
  2. 2. <ul><li>The American Institute for Innovation Excellence is a 501(c)(3) non-profit organization organized as a professional research “think tank.” </li></ul><ul><li>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: </li></ul><ul><ul><li>Innovation Management Best/Next Practices Development </li></ul></ul><ul><ul><li>Innovation Management Maturity Concepts </li></ul></ul><ul><ul><li>Innovation Execution Delivery Methodologies </li></ul></ul><ul><ul><li>Portfolio, Program and Project Execution Models </li></ul></ul><ul><ul><li>Innovation, Idea and Creativity Concept Education and Training </li></ul></ul>Who We Are…
  3. 3. Innovation Management “Pain Points” <ul><li>Taken from a 2010 survey* of business executives, innovation management leadership and other business/innovation management practitioners: </li></ul><ul><ul><ul><li>Aging, inefficient and ineffective innovation and new growth-based processes, methodologies, tools, techniques, etc. </li></ul></ul></ul><ul><ul><ul><li>Creating, embedding and maintaining a culture of innovation </li></ul></ul></ul><ul><ul><ul><li>Reliable, repeatable, effective and efficient innovation capabilities </li></ul></ul></ul><ul><ul><ul><li>Growing gap between innovation/organizational strategy and operational execution </li></ul></ul></ul><ul><ul><ul><li>Workforce not skilled in creative problem solving, innovation or entrepreneurship </li></ul></ul></ul><ul><li>* November 2010 American Institute of Innovation Management LinkedIn Survey </li></ul>
  4. 4. Exploring Innovation Centers of Excellence… <ul><li>Research Question: </li></ul><ul><ul><li>Can the popular “Center of Excellence” business operations concept be applied to innovation management and successfully deployed within an organization to establish a dedicated team of internal resources tasked with developing, deploying and maintaining a continuous focus on innovation and idea management? </li></ul></ul>
  5. 5. <ul><li>Review: </li></ul><ul><ul><ul><li>Foundational & Historical Assessment </li></ul></ul></ul><ul><li>Analysis: </li></ul><ul><ul><ul><li>Challenges With Traditional Phase and Gate-Based Approaches </li></ul></ul></ul><ul><li>Concept Development: </li></ul><ul><ul><ul><li>The Innovation Portfolio Management Model </li></ul></ul></ul><ul><ul><ul><li>Innovation Architecture </li></ul></ul></ul><ul><li>Implementation Recommendations: </li></ul><ul><ul><ul><li>Innovation Portfolio Management Model Suggested Implementation Roadmap </li></ul></ul></ul><ul><ul><ul><li>Commonly Used Innovation Management Process Artifacts </li></ul></ul></ul>Research Approach…
  6. 6. The Four “Must Haves” For Innovation Success… <ul><li>Executive Leadership Engagement </li></ul><ul><li>Innovation Management Treated as a True Business Discipline </li></ul><ul><li>Appropriate Amount of Resources Dedicated to Innovation Initiative </li></ul><ul><li>Collection of Appropriately Tailored Methodology and Processes </li></ul>
  7. 7. What Is A “Center of Excellence?” <ul><li>Enables collaboration across business units to ensure consistency and integration of strategy to activities </li></ul><ul><li>Provides for a “right-sized” governance framework </li></ul><ul><li>Establishes a clearinghouse for process, methodology, models, tools and technology </li></ul><ul><li>Provides a clear mapping between business strategy and project-based initiatives </li></ul><ul><li>Serves as an organizational focal point and singular voice for a specific business strategy or function </li></ul><ul><li>Provides training and consultation functions for the subject matter </li></ul><ul><li>Development and monitoring of success criteria for metrics and systems of measurements </li></ul><ul><li>Central repository for research and study materials </li></ul>
  8. 8. Why The “Center of Excellence” Approach? <ul><li>Skills </li></ul><ul><ul><ul><li>Highly specialized </li></ul></ul></ul><ul><ul><ul><li>Limited availability </li></ul></ul></ul><ul><li>Oversight </li></ul><ul><ul><ul><li>Process and methodology selection, implementation and maintenance </li></ul></ul></ul><ul><li>Body of Knowledge </li></ul><ul><ul><ul><li>Training materials </li></ul></ul></ul><ul><ul><ul><li>Process documentation </li></ul></ul></ul><ul><ul><ul><li>Templates, tools, techniques, etc. </li></ul></ul></ul><ul><li>Community </li></ul><ul><ul><ul><li>Team-based problem solving </li></ul></ul></ul><ul><ul><ul><li>Complete end-to-end view of processes </li></ul></ul></ul><ul><ul><ul><li>Collaboration </li></ul></ul></ul><ul><ul><ul><li>Knowledge sharing </li></ul></ul></ul>
  9. 9. An “Innovation Center of Excellence”… <ul><li>Dedicated business unit focused on organizational growth via innovation and organizational creativity strategies </li></ul><ul><li>Provides: </li></ul><ul><ul><ul><li>Subject Matter Expertise </li></ul></ul></ul><ul><ul><ul><li>Facilitation </li></ul></ul></ul><ul><ul><ul><li>Training/Instruction </li></ul></ul></ul><ul><ul><ul><li>Collaboration </li></ul></ul></ul><ul><ul><ul><li>Coaching/Mentoring </li></ul></ul></ul><ul><ul><ul><li>Championing/Sponsorship </li></ul></ul></ul><ul><li>From the Summer 2011 AIIE Research Report: </li></ul><ul><ul><ul><li>“ While the Innovation Center of Excellence may not be directly responsible for designing, building or implementing innovative products and/or services, they would be responsible for encouraging, fostering, supporting, guiding and embedding an innovative culture and environment.” </li></ul></ul></ul>
  10. 11. People Make The Center of Excellence Concept Work…
  11. 16. Innovation Center of Excellence Operating Framework
  12. 17. Innovation Center of Excellence Success Metrics… <ul><li>Translate industry research into best and next practices for the organization </li></ul><ul><li>Collect critical information and resources for ideas, innovation and creative problem solving </li></ul><ul><li>Serve as a centralized clearinghouse for processes, methods, approaches and models for utilizing the information and data collected </li></ul><ul><li>Build and maintain an educated resource pool through training and hands-on experience </li></ul><ul><li>Provide internal consulting, coordination, mentoring and coaching </li></ul><ul><li>Act as the liaison and representative for the organization among industry, institutional and organizational peers </li></ul><ul><li>Serve as a recognized leader in the field of innovation management </li></ul>
  13. 18. Benefits and Barriers to the Innovation Center of Excellence Approach: <ul><li>Measurable Benefits: </li></ul><ul><ul><li>Increased Revenue </li></ul></ul><ul><ul><li>Reduced Cost </li></ul></ul><ul><ul><li>Reduced product development lifecycle time and cost </li></ul></ul><ul><ul><li>Reduced Risk </li></ul></ul><ul><ul><li>Tighter Alignment With Strategy </li></ul></ul><ul><ul><li>Improved Communications and Change Management </li></ul></ul><ul><li>Common Barriers: </li></ul><ul><ul><li>Centralization Leads to Business Unit-Level Innovation Apathy </li></ul></ul><ul><ul><li>Inability to Eliminate or Effectively Manage Organizational Change “Anti-Bodies” </li></ul></ul><ul><ul><li>Organizational Readiness for Innovation Culture Creation </li></ul></ul><ul><ul><li>Abandonment in Times of Economic Weakness or Distress </li></ul></ul><ul><ul><li>Designed for Larger Organizations </li></ul></ul>
  14. 20. <ul><li>Full Report Available at: </li></ul><ul><li>American Institute for Innovation Excellence </li></ul><ul><li>~ ~ </li></ul><ul><li>Click on: </li></ul><ul><li>Research </li></ul><ul><ul><li>Published Research </li></ul></ul><ul><ul><ul><li>Summer 2011 Report </li></ul></ul></ul>