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Innovation Management Foundations Course No. 103 – Innovation Management Concepts Presented By: Think For A Change

Innovation Foundations Course 103 - Innovation Management Concepts

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  • 1. Innovation Management Foundations Course No. 103 Innovation Management ConceptsPresented By:Think For A Change

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. 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 aboutthe pursuit of NEXT practices 4. Course 103 Innovation Management Concepts Course Syllabus: SegmentIntroduction to Innovation Management One Segment TwoInnovation Management Process Models SegmentThree Innovation Management Tools Quiz Review What Youve Learned! 5. Segment Innovation ManagementOne Concepts 6. Innovation Management Concepts Creativity vs. InnovationA Refresher: Creativity: Innovation: The phenomenon The process of acting whereby a person upon, or putting to use, a becomes aware of annew concept or idea or concept forcombination of concepts something new (a that creates new value product, a solution, a and/or captures value in work of art, etc.) thatnew ways. potentially has some kind of value 7. Innovation Management ConceptsCreativity vs. InnovationA Refresher: Creativity: Innovation: The phenomenon whereby a The process of actingperson becomes aware of an upon, or putting to use, aidea or concept for somethingnew (a product, a solution, anew concept orwork of art, etc.) thatcombination of conceptspotentially has some kind of that creates new valuevalue and/or captures value in new ways.Spending Money to Generate Ideas Spending Ideas toGenerate Money 8. Innovation Management ConceptsWhat Is Innovation Management?: Definition of Innovation Management: The discipline of managing the processes of innovation.1 Innovation management is focused on the systematicprocesses that organizations use to develop new andimproved products, services and business processes. Itinvolves harnessing creative ideas from any source andutilizing them to bring a steady pipeline of profitable newinnovations to the marketplace, quickly and efficiently.2____________________1 Wikipedia.org2 InnovationTools.com 9. Innovation Management ConceptsWhat Is Innovation Management?: Innovation Management Is A Business Discipline: Innovation is NOT a one-time event! Innovation is an integral management discipline on par withother organizational business functions such asmarketing, sales, finance, HR and IT Innovation management leveragesprocesses, tools, techniques and approaches to bringreliability, repeatability and consistency to the creation ofinnovative new products and/or services 10. Innovation Management ConceptsWhat Is Innovation Management?:Where Quality Management seeks best practices Innovation Management seeks next practices 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 ResourcesHuman, Financial, Time and Space 4. Disciplined ApproachBusiness/Management AttentionExecution 12. Segment Innovation ManagementTwo Process Models 13. Innovation Management ConceptsWhat Is Innovation Management?: Traditional Innovation Management Process: Discover Define Develop Deliver 14. Innovation Management Process Models Foundational Innovation Management Process Map: 15. Innovation Management Process Models Popular Innovation Management Models: Stage-Gate Model:Stage-Gate, Inc. http://www.stage-gate.com 16. Innovation Management Process Models Popular Innovation Management Models: New Product Development Lifecycle: Fuzzy Front End Problem Identification Idea Generation Idea ScreeningMessy Back EndDevelopmentPrototypingCustomer NeedBusiness FeasibilityTestingImplementationCommercializationPricingMarketingLaunchDistribution Sunset Period Extensions Improvements Maintenance End of Life 17. Innovation Management Process Models Popular Innovation Management Models:DeSai Group Innovation Funnel Model:The DeSai Group http://www.desai.com 18. Innovation Management Process ModelsPopular Innovation Management Models:OVO Innovation Innovate on Purpose Model:OVO Innovation http://www.ovoinnovation.com 19. Innovation Management Process Models Innovation Management ModelsDeveloped by: Think For A Change 20. Innovation Management Process Models Innovation Management Timeline Model: 21. Innovation Management Process Models Continuous Innovation Loop Model: 22. Innovation Management Process Models Innovation Portfolio Management Model: 23. Innovation Management Process Models Innovation Management Architecture Model: 24. Innovation Management Process Models Innovation Management Program Implementation Model: 25. Segment Innovation Management ThreeTools 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. Innovation Management Concepts Innovation Management Toolbox (contd):Metrics & Systems of MeasurementReward and Recognition PlanInnovation Performance GoalsOperational ExcellenceBusiness Process IntegrationIdea Management SystemsInnovation Financial ManagementInnovation Portfolio ManagementKnowledge ManagementMany, many more 28. Innovation Management ConceptsFinal Thoughts: Innovation Management is a distinctbusiness discipline designed to have adirect influence on growth Innovation Management is NOT easy Innovation Management is primarilyprocess-driven Innovation Management needs four keyfactors to ensure success:1. Engaged Leadership2. Effective/Efficient Processes3. Sufficient Resources4. Disciplined Approach Innovation Management is a repetitivecycle of divergent and convergentthinking and action 29. Demonstrate What YouveQuiz Learned! 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. Innovation Management Concepts Quiz Question 1:Q1. A1. Innovation ManagementFALSE! describes an annual event held when the organization needsInnovation is NEVER a one fresh ideas on new products or time eventit is a continuous services.business discipline!TRUE or FALSE? 32. Innovation Management Concepts Quiz Question 2:Q2. Innovation Management is the pursuit of _______ practices. 33. Innovation Management Concepts Quiz Question 2:Q2.A2. Innovation Management is theNEXT practices pursuit of _______ practices. 34. Innovation Management Concepts Quiz Question 3:Q3. Name three traditional innovation management process types. 35. Innovation Management Concepts Quiz Question 3:Q3. A3.Any of the following areacceptable: 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. Innovation Management Concepts Quiz Question 4:Q4. Innovation Management is a repetitive cycle of __________ and __________ thinking and action styles. 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. Innovation Management Concepts Quiz Question 5:Q5. What are the four key success factors for any innovation management approach? 39. Innovation Management Concepts Quiz Question 5:Q5.A5. Engaged Executive Leadership What are the four key success factors for any Effective and EfficientProcesses & Tools innovation management approach? Appropriate Amount of Resources Disciplined Approach 40. Congratulations! You have completed:Innovation Management FoundationsCourse No. 103 Innovation Management ConceptsPresented By:Think For A Change 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