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InnoQuest – June 25, 2014. The Entrepreneurs EDGE is a non-profit economic development organization which fosters growth in mid-market companies and develops leadership talent in order to positively impact the Northeast Ohio economy. . InnoQuest – February 28, 2014. - PowerPoint PPT Presentation
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InnoQuest – June 25, 2014
The Entrepreneurs EDGE is a non-profit economic development organization which fosters growth in mid-market companies and develops leadership talent in order to positively impact the Northeast Ohio economy.
InnoQuest – February 28, 2014Time Program
8:00 Overview and Introductions
Drivers of Innovation Revisited
Small Groups – Developing Innovation Teams
NineSigma (Paul Stupay) – Open Innovation
** Break **
Small Groups – How to Apply Open Innovation
A Look to the Future – Applying Trends
Developing Action Steps
@11:45 Action Steps / Evaluations / Wrap Up
Internet Access at DDR
Network: DDRDataGuest
Guest account User: bnymellon
Guest account Password: NGsK0aDf ^“zero”
Program Overview• Feb. 28 Mid-Market Innovation / “Thinking Inside the Box”
Pressco Technology, SolonGuest: Amit Mayer, Systematic Innovative Thinking (SIT)
• Mar 6 (bonus) *Drew Boyd, SIT/Johnson & Johnson/Univ. of Cincinnati*Case Western Reserve University, Nord Hall. (3:00 PM)
• Apr. 30 Refreshing the Value Proposition to More Effectively Target New Customers and MarketsGrafTech International; Guest: Bush Consulting
• Jun. 25 Open Innovation (NineSigma) + Developing Innovation Teams 3rd Frontier Funding to support mid-size companies.
• Aug. 21 Using Product Tear-down to Ideate and Accelerate InnovationMeeting at MAGNET (1768 E 25th St, Cleveland, OH 44114)Guests: Bush Consulting; Dave Heidenreich (EBO Group)
• Oct. 21 University of Akron Research FoundationGuest: Darryl Fogal, Innovation Leader, Eaton Corporation
• Dec. 4 Leadership and Culture
GrafTech Session Take-aways 4-30-14
Value Proposition Best Practices
• Focus categorization to the customer; consider supply chain, too.
• Can have more than one value proposition for products & divisions• Breakdown/categorize• Refresh / Re-launch value proposition activities.
GrafTech Session Take-aways 4-30-14
Value Proposition Best Practices
• List benefits & types of differentiation (technology, cost, service)
• Map competition Stay away from “sharks” when creating value propositions
GrafTech Session Take-aways 4-30-14
Technology road-mapping relationship to internal change and direction of organization.
• Evolution of a 127-year-old company
• Stage gate and software tools for innovation
• Develop the 3-stage product refinement for R&D and R&D Budgeting
• Look at markets and watch evolving opportunities
GrafTech Session Take-aways 4-30-14Amit M
Program Overview• Feb. 28 Mid-Market Innovation / “Thinking Inside the Box”
Pressco Technology, SolonGuest: Amit Mayer, Systematic Innovative Thinking (SIT)
• Mar 6 (bonus) *Drew Boyd, SIT/Johnson & Johnson/Univ. of Cincinnati*Case Western Reserve University, Nord Hall. (3:00 PM)
• Apr. 30 Refreshing the Value Proposition to More Effectively Target New Customers and MarketsGrafTech International; Guest: Bush Consulting
• Jun. 25 Open Innovation (NineSigma) + Developing Innovation Teams 3rd Frontier Funding to support mid-size companies.
• Aug. 21 Using Product Tear-down to Ideate and Accelerate InnovationMeeting at MAGNET (1768 E 25th St, Cleveland, OH 44114)Guests: Bush Consulting; Dave Heidenreich (EBO Group)
• Oct. 21 University of Akron Research FoundationGuest: Darryl Fogal, Innovation Leader, Eaton Corporation
• Dec. 4 Leadership and Culture
Program Overview• Feb. 28 Mid-Market Innovation / “Thinking Inside the Box”
Pressco Technology, SolonGuest: Amit Mayer, Systematic Innovative Thinking (SIT)
• Mar 6 (bonus) *Drew Boyd, SIT/Johnson & Johnson/Univ. of Cincinnati*Case Western Reserve University, Nord Hall. (3:00 PM)
• Apr. 30 Refreshing the Value Proposition to More Effectively Target New Customers and MarketsGrafTech International; Guest: Bush Consulting
• Jun. 25 Open Innovation (NineSigma) + Developing Innovation Teams 3rd Frontier Funding to support mid-size companies.
• Aug. 21 Using Product Tear-down to Ideate and Accelerate InnovationMeeting at MAGNET (1768 E 25th St, Cleveland, OH 44114)Guests: Bush Consulting; Dave Heidenreich (EBO Group)
• Oct. 21 University of Akron Research FoundationGuest: Darryl Fogal, Innovation Leader, Eaton Corporation
• Dec. 4 Leadership and Culture
Program Overview• Feb. 28 Mid-Market Innovation / “Thinking Inside the Box”
Pressco Technology, SolonGuest: Amit Mayer, Systematic Innovative Thinking (SIT)
• Mar 6 (bonus) *Drew Boyd, SIT/Johnson & Johnson/Univ. of Cincinnati*Case Western Reserve University, Nord Hall. (3:00 PM)
• Apr. 30 Refreshing the Value Proposition to More Effectively Target New Customers and MarketsGrafTech International; Guest: Bush Consulting
• Jun. 25 Open Innovation (NineSigma) + Developing Innovation Teams 3rd Frontier Funding to support mid-size companies.
• Aug. 21 Using Product Tear-down to Ideate and Accelerate InnovationMeeting at MAGNET (1768 E 25th St, Cleveland, OH 44114)Guests: Bush Consulting; Dave Heidenreich (EBO Group)
• Oct. 21 University of Akron Research FoundationGuest: Darryl Fogal, Innovation Leader, Eaton Corporation
• Dec. 4 Leadership and Culture
Introductions
* Courtesy of Columbia Business School* Every two weeks a company enters or leaves S&P 500.*
Some Very Smart Companies Have Fallen Off the S&P List
Drivers of Innovation
What to Innovate?
OPPORTUNITIES• Partner
ships (customers or suppliers)
• Luck; Failure of Competitor
REGULATIONS• Enviro
nmental, Health
• Safety
TRENDS• Social• Techni
cal (or lack of!)
• Resources
Innovation Management – Three Gears
Strategy• What to
innovate?• Values• Business
Model• Branding• Drivers
Process
• Resource Procurement ($, Energy, Time)
• IP Portfolio Management
• ROI & Assessment
Culture
• Talent Recruitment, Training, Development
• Facilities• Change
Management
Developing Innovation Teams
What areas of your business can you innovate?How would you go about creating teams to address?
What would you ask the teams to focus on?
Paul StupayChief Sales Officer
Office 216.295.4810Mobile 216.225.7955
How would you use the Open Innovation model?
How will your company embed future insights into your own forecasting?
InnoQuest - Innovation Management Program
Next Meeting: Thursday, August 21
Using Product Tear-down to Ideate & Accelerate InnovationLooking at Patent Searches to Ideate
EDGE Fellows Summer Program
EDGE Fellows (2007 – 2014)
• 60 business ideas studied• From successful Northeast Ohio businesses• 30% of ideas generate new revenue in 2-3 yrs
EDGE Fellows Summer Program
