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Innovative Talent Drives Business Growth

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Diese Präsentation gibt einen Überblick über Vorgehensmodelle und Kennzahlen zum Thema Innovation

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Innovative Talent Drives Business Growth

  1. 1. Zürich, July 2013 Innovative Talent Drives Business Growth
  2. 2. 2 STRIM Group of Companies Range of Services The following products and services come across the divisions within the STRIM Management Sphere System into effect: Analyses & Workshops Administration & Reporting Assessments & Coachings Strategy & Execution Webinars & Congresses Surveys & Publications
  3. 3. 3 Introduction While technology was the top strategy to address innovation, recent studies found that innovation is heavily dependent upon human capital issues. Whether that is product and technology innovation or process innovation or business model innovation, you have to be engaged in it in order to continue to maintain your market position, let alone advance it. Measurement drives success, and successful innovation is critical.
  4. 4. 4 Introduction CEO Challenge 2013 The top five strategies to meet the top five global challenges Source: The Conference Board: CEO Challenge 2013 Summary Report.
  5. 5. 5 Introduction CEO Challenge 2013 Regional results reflect a global convergence on challenges Source: The Conference Board: CEO Challenge 2013 Summary Report.
  6. 6. 6 Introduction CEO Challenge 2013 Challenges by industry Source: The Conference Board: CEO Challenge 2013 Summary Report.
  7. 7. 7 Definitions Innovation Creating value through new products, new processes, business models, and organizational structures to meet and anticipate customer demands and remain competitive in a global marketplace. The Conference Board Innovation is a process through which the nation creates and transforms new knowledge and technologies into useful products, services and processes for national and global markets – leading to both value creation for stakeholders and higher standards of living. Egils Milbergs, President, Center for Accelerating Innovation Return On Innovation Management: Measurement that evaluates the profitability of a company´s investment in new products. The return on innovation investment compares profits generated by a new product with the expense of developing the product and bringing it to market. InvestorWords.com – Online Investing Glossary A performance measure used to evaluate the effectiveness of a company´s investment in new products or services. The return on innovation investment is calculated by comparing the profits of new product or service sales to the research, development and other direct expenditures generated in creating these new products or services. Investopedia
  8. 8. 8 Definitions Invention is creating something new that may or may not have a measurable business value. It is typically the outcome of research and experimentation. Unlike innovation, invention can reflect the work of a single individual. Ellie Hall, Audrey B. Smith, Ph.D. Creativity is best viewed as an individual personality attribute. An individual may be creative in that he or she is able to generate many unique ideas (or build on others’ ideas in value-added ways). Creativity fuels invention. But an individual who is creative may lack the skills, discipline, and ability needed to bring an idea to fruition and grow it into a meaningful innovation. Ellie Hall, Audrey B. Smith, Ph.D.
  9. 9. 9 Challenges to overcome Source: Arthur D. Little: Getting a Better Return on Your Innovation Investment . Results of the 8th Arthur D. Little Global Innovation Excellence Study, 2013.
  10. 10. 10 The „three pillars of innovation“ Pillar One: Understand the Innovation Effectiveness Curve Source: Alexander Kandybin and Martin Kihn: Raising Your Return on Innovation Investment. strategy+business issue 35, 2004.
  11. 11. 11 The „three pillars of innovation“ Pillar Two: Master the Entire Innovation Value Chain Source: Alexander Kandybin and Martin Kihn: Raising Your Return on Innovation Investment. strategy+business issue 35, 2004.
  12. 12. 12 The „three pillars of innovation“ Pillar Three: Don´t Do It All Yourself Source: Alexander Kandybin and Martin Kihn: Raising Your Return on Innovation Investment. strategy+business issue 35, 2004. Dimensions of Best-in-class Innovation Time-to-Market, Actual vs. Planned
  13. 13. 13 The Innovation Excellence Model Structure Source: Arthur D. Little: Getting a Better Return on Your Innovation Investment . Results of the 8th Arthur D. Little Global Innovation Excellence Study, 2013.
  14. 14. 14 „8 Step Process“ … To Perfect New Product Development Source: Robert F. Brands: 8 Step Process Perfects New Product Development , Blogpost, May 27, 2013 For more information: http://kalyan-city.blogspot.com/2012/02/stages-process-steps-of-new-product.html
  15. 15. 15 Research Results Percentage point difference between top innovators and others Source: Arthur D. Little: Getting a Better Return on Your Innovation Investment . Results of the 8th Arthur D. Little Global Innovation Excellence Study, 2013. Energy & Utilities Chemicals Industrial & Manufacturing Food & Beverage Telecom, IT & Media Electronic Engineering & Electronics Automotive Manufacturing & Automotive Suppliers
  16. 16. 16 Research Results Top innovators sustain significantly higher performance The top quartile innovators enjoy more than twice the proportion of new sales for new products/ services (based on sales in last three years), nearly twice the EBIT and a 30% shorter time-to-break-even than the rest. This is a good illustration of financial (or economic) benefits of excellent innovation performance. Source: Arthur D. Little: Getting a Better Return on Your Innovation Investment . Results of the 8th Arthur D. Little Global Innovation Excellence Study, 2013.
  17. 17. 17 Research Results Relative positioning of innovation portfolio Across all industries top innovators with leading innovation success tend to focus more on radical innovation than other innovators. The trend varies depending on whether innovation is being applied to products, services, processes or business models. Source: Arthur D. Little: Getting a Better Return on Your Innovation Investment . Results of the 8th Arthur D. Little Global Innovation Excellence Study, 2013.
  18. 18. 18 Research Results Innovation Management Practices, Tools and Methodologies It is especially noteworthy that some of the newer tools that are often cited in innovation literature, such as social media tools, crowdsourcing for idea generation, idea jams and bootcamps, apply only in a minority of cases and are only weakly associated with innovation success when used on their own. Source: Arthur D. Little: Getting a Better Return on Your Innovation Investment . Results of the 8th Arthur D. Little Global Innovation Excellence Study, 2013.
  19. 19. 19 Innovation Metrics Cash curve: typical path to cash payback Source: James P. Andrew, BCG Chicago: Innovation Management.se. The leading online resource and learning center for management Innovation, 2010.
  20. 20. 20 Innovation Metrics Innovation framework: Metrics for beginners in innovation Source: Amy Muller, Liisa Välikangas, and Paul Merlyn: Metrics for innovation: guidelines for developing a customized suite of innovation metrics,
  21. 21. 21 Innovation Metrics Innovation framework: Metrics for veterans of innovation Source: Amy Muller, Liisa Välikangas, and Paul Merlyn: Metrics for innovation: guidelines for developing a customized suite of innovation metrics,
  22. 22. 22 Your Contact Dr. Volker Mayer CEO at STRIMgroup AG STRIMgroup AG Gütschstrasse 22 CH-8122 Binz (bei Zürich) Fon +41 (0)43 366 05 58 www.strimgroup.com office@strimgroup.com STRIMconsult GmbH Morgenröte 10a D-68305 Mannheim Fon +49 (0)621 4236 018 Fax +49 (0)621 4236 029

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