The document discusses the essential skills for innovation and the relationship between product lifecycle management (PLM) and innovation strategies. It highlights the differences between closed and open innovation, emphasizing the importance of PLM in accelerating production, market expansion, and cost optimization in innovation processes. Ultimately, it argues that PLM is crucial for transforming invention into successful innovation in a global market.

1. A question mark or an exclamation mark ?!
PLM LOVES INNOVATION ?

2. TheTowerof Babel (PieterBruegeltheElder-1563)

3. Invention
Innovation

4. Invention– theskills required
 Associate
 Question
 Observe
 Network
 Experiment
 Ready to Fail

5. Invention– theskills required
 Associate
 Question
 Observe
 Network
 Experiment
 Ready to Fail

6. Invention– theskills required
 Associate
 Question
 Observe
 Network
 Experiment
 Ready to Fail

7. Invention– theskills required
 Associate
 Question
 Observe
 Network
 Experiment
 Ready to Fail

8. Invention– theskills required
 Associate
 Question
 Observe
 Network
 Experiment
 Ready to Fail

9. Invention– theskills required
 Associate
 Question
 Observe
 Network
 Experiment
 No Fear to Fail

10. Inventionand PLM
 Associate
 Question
 Observe
 Network
 Experiment
 No Fear to Fail

11. A question mark
PLM LOVES INVENTION
An investment in PLM for
Invention
cannot be justified

12. PLM and Innovation

13. Differenttypesof Innovation
 Closed Innovation
 IP stays inside
 Easier to control
 Open Innovation
 IP shared
 Higher R&D ROI

14. PLM and Innovation
 Product &
Portfolio Mgmt
 Stage Gate process

15. PLM and Innovation
 Crowdsourcing
 Open Innovation

16. PLM and Innovation
 Virtual ! ! !
 Early sourcing
 Early validation

17. PLM and Innovation
 Packaging
 Service

18. PLM and Innovation
PLM Accelerate
production ramp-up
PLM Expand to
more markets and
customers due to
market recognition
PLM Develop
innovative products
faster and right the
first time
PLM Optimize
product development
& production costs

19. Why PLM and Innovation ?
 Innovation has always been there
 Markets changed from local to global
 Survival is on the global market
 PLM is the strategy to respond
and operate global

20. Conclusions
 Invention is the source for Innovation
Individual / Associate / Network / Culture
 Closed Innovation Open Innovation
Stage Gate / IP / R&D budget/ Change
 PLM makes Innovation successful
Time to Market / Market Share / Global / Future

21. INNOVATION LOVES PLM
Thank You
Innovation without PLM is waste of potential value!