Innovation Foundations Course 103 - Innovation Management Concepts

5,686 views

Published on

Published in: Education

Innovation Foundations Course 103 - Innovation Management Concepts

  1. 1. Innovation Management Foundations Course No. 103 – Innovation Management ConceptsPresented By:Think For A Change
  2. 2. Course 103 – Innovation Management Concepts Target Student Audience: • Little to no experience with: • Innovation Management Concepts • Innovation Management Processes and Models • Innovation Program Development • Frustrated with: • Lack of organizational processes to manage innovation efforts • Lack of continuous source of ideas and/or empty innovation pipeline • Lack of resources dedicated to innovation management • Lack of tools, techniques and approaches for making innovation management successful
  3. 3. Course 103 – Innovation Management Concepts Course Objectives: • At the conclusion of this training, the student should have: • Working understanding of innovation management concepts • In-depth understanding of innovation processes and available models • Knowledge of available tools, techniques, document templates and approaches to innovation management “Innovation Management is about the pursuit of ‘NEXT’ practices…”
  4. 4. Course 103 – Innovation Management Concepts Course Syllabus: Segment Introduction to Innovation Management One Segment Two Innovation Management Process Models Segment Three Innovation Management Tools Quiz Review What You’ve Learned!
  5. 5. Segment Innovation Management One Concepts
  6. 6. Innovation Management Concepts Creativity vs. Innovation…A Refresher:• Creativity: • Innovation: • “The phenomenon • “The process of acting whereby a person upon, or putting to use, a becomes aware of an new concept or idea or concept for combination of concepts something new (a that creates new value product, a solution, a and/or captures value in work of art, etc.) that new ways.” potentially has some kind of value”
  7. 7. Innovation Management Concepts Creativity vs. Innovation…A Refresher:• Creativity: • Innovation: • “The phenomenon whereby a • “The process of acting person becomes aware of an upon, or putting to use, a idea or concept for something new (a product, a solution, a new concept or work of art, etc.) that combination of concepts potentially has some kind of that creates new value value” and/or captures value in new ways.” Spending Money to Generate Ideas Spending Ideas to Generate Money
  8. 8. Innovation Management Concepts What Is Innovation Management?:• Definition of Innovation Management: • “The discipline of managing the processes of innovation.1” • “Innovation management is focused on the systematic processes that organizations use to develop new and improved products, services and business processes. It involves harnessing creative ideas from any source and utilizing them to bring a steady pipeline of profitable new innovations to the marketplace, quickly and efficiently.2” ____________________ 1 Wikipedia.org 2 InnovationTools.com
  9. 9. Innovation Management Concepts What Is Innovation Management?:• Innovation Management Is A Business Discipline: • Innovation is NOT a one-time event! • Innovation is an integral management discipline on par with other organizational business functions such as marketing, sales, finance, HR and IT • Innovation management leverages processes, tools, techniques and approaches to bring reliability, repeatability and consistency to the creation of innovative new products and/or services
  10. 10. Innovation Management Concepts What Is Innovation Management?:Where Quality Management seeks “best practices…” Innovation Management seeks “next practices…”
  11. 11. Innovation Management Concepts What Is Innovation Management?: Key Success Factors for Innovation Management: 1. Engaged Executive Leadership 2. Effective and Efficient Processes and Tools 3. Appropriate Amount of Resources • Human, Financial, Time and Space 4. Disciplined Approach • Business/Management Attention • Execution
  12. 12. Segment Innovation Management Two Process Models
  13. 13. Innovation Management Concepts What Is Innovation Management?:• Traditional Innovation Management Process: • Discover • Define • Develop • Deliver
  14. 14. Innovation Management Process Models Foundational Innovation Management Process Map:
  15. 15. Innovation Management Process Models Popular Innovation Management Models: Stage-Gate Model®: Stage-Gate, Inc. – http://www.stage-gate.com
  16. 16. Innovation Management Process Models Popular Innovation Management Models: New Product Development Lifecycle: “Fuzzy Front End” Problem Identification Idea Generation Idea Screening “Messy Back End” Development Prototyping Customer Need Business Feasibility Testing Implementation Commercialization Pricing Marketing Launch Distribution Sunset Period Extensions Improvements Maintenance End of Life
  17. 17. Innovation Management Process Models Popular Innovation Management Models: DeSai Group Innovation Funnel™ Model:The DeSai Group – http://www.desai.com
  18. 18. Innovation Management Process Models Popular Innovation Management Models: OVO Innovation “Innovate on Purpose™” Model:OVO Innovation – http://www.ovoinnovation.com
  19. 19. Innovation Management Process Models Innovation Management Models Developed by: Think For A Change
  20. 20. Innovation Management Process Models Innovation Management Timeline Model:
  21. 21. Innovation Management Process Models Continuous Innovation Loop Model:
  22. 22. Innovation Management Process Models Innovation Portfolio Management Model:
  23. 23. Innovation Management Process Models Innovation Management Architecture Model:
  24. 24. Innovation Management Process Models Innovation Management Program Implementation Model:
  25. 25. Segment Innovation Management Three Tools
  26. 26. Innovation Management Concepts Innovation Management Toolbox: • Innovation Strategy & Alignment Roadmap • Innovation Culture Survey/Assessment • Innovation Maturity Guidance • Innovation Resource Roster • Champions • Sponsors • Guides • Innovation Review Board • Innovation Management RACI Chart • Innovation Culture Change Management Plan
  27. 27. Innovation Management Concepts Innovation Management Toolbox (cont’d): • Metrics & Systems of Measurement • Reward and Recognition Plan • Innovation Performance Goals • Operational Excellence • Business Process Integration • Idea Management Systems • Innovation Financial Management • Innovation Portfolio Management • Knowledge Management • Many, many more…
  28. 28. Innovation Management ConceptsFinal Thoughts:• Innovation Management is a distinct business discipline designed to have a direct influence on growth• Innovation Management is NOT easy• Innovation Management is primarily process-driven• Innovation Management needs four key factors to ensure success: 1. Engaged Leadership 2. Effective/Efficient Processes 3. Sufficient Resources 4. Disciplined Approach• Innovation Management is a repetitive cycle of divergent and convergent thinking and action
  29. 29. Demonstrate What You’veQuiz Learned!
  30. 30. Innovation Management Concepts Quiz – Question 1:Q1. Innovation Management describes an annual event held when the organization needs fresh ideas on new products or services.TRUE or FALSE?
  31. 31. Innovation Management Concepts Quiz – Question 1:Q1. A1. Innovation Management FALSE! describes an annual event held when the organization needs Innovation is NEVER a one fresh ideas on new products or time event…it is a continuous services. business discipline!TRUE or FALSE?
  32. 32. Innovation Management Concepts Quiz – Question 2:Q2. Innovation Management is the pursuit of _______ practices.
  33. 33. Innovation Management Concepts Quiz – Question 2:Q2. A2. Innovation Management is the “NEXT” practices… pursuit of _______ practices.
  34. 34. Innovation Management Concepts Quiz – Question 3:Q3. Name three traditional innovation management process types.
  35. 35. Innovation Management Concepts Quiz – Question 3:Q3. A3. Any of the following are acceptable: Name three traditional • Stage-Gate/Phase Gate innovation management • Funnel process types. • New Product Development Lifecycle • 2x2 Grid • Continuous Innovation Loop • Innovation Portfolio Management
  36. 36. Innovation Management Concepts Quiz – Question 4:Q4. Innovation Management is a repetitive cycle of __________ and __________ thinking and action styles.
  37. 37. Innovation Management Concepts Quiz – Question 4:Q4. A4. Innovation Management is a Divergent and Convergent repetitive cycle of __________ and __________ thinking and action styles.
  38. 38. Innovation Management Concepts Quiz – Question 5:Q5. What are the four key success factors for any innovation management approach?
  39. 39. Innovation Management Concepts Quiz – Question 5:Q5. A5. Engaged Executive Leadership What are the four key success factors for any Effective and Efficient Processes & Tools innovation management approach? Appropriate Amount of Resources Disciplined Approach
  40. 40. Congratulations! You have completed:Innovation Management FoundationsCourse No. 103 – Innovation Management Concepts Presented By: Think For A Change
  41. 41. • For more information on best/next practices, educational training, tools, techniques and process models for: • Creative Problem Solving • Idea Management • Innovation Management Please visit: http://www.thinkforachange.com

×