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Matthew Heim Open Innovation Best Practices For A Full Value Chain Approach
- 1. Open Innovation Best Practices for a Full Value Chain Approach Matthew C. Heim, Ph.D. President, NineSigma Inc.
- 2. Overview NineSigmaBackground An Introduction to Open Innovation Open Innovation for the Entire Value Chain Key Takeaways
- 4. Over 1,200 Open Innovation projects completed
- 5. >2 million solution providers contacted
- 6. 14,000+ proposals received from 73 countries
- 8. Provide greater access to new ideas, innovation, knowledge
- 10. Provide an expandable, low-cost network of innovation partners
- 12. Why Open Innovation? Value created through combined approach of internal innovation and externally tapping the global innovation community Capacity Value created by internal innovation with limited external network Speed Value Time
- 13. The best connections are often the unobvious ones
- 15. Experimentation
- 16. R&D Centric
- 17. Learning to be Open
- 18. New roles
- 19. New processes
- 20. Change managementOpen innovation capacity STAGE 1 Launch Time Time
- 22. Defined workflow process
- 23. Emerging role of the OI champion
- 24. Emerging organizational structure
- 25. Areas addressed outside R&D
- 27. Emerging metrics structure
- 28. Begin to link OI and strategySTAGE 2 Open innovation capacity Consolidate STAGE 1 Stage 1: Launch Launch Time
- 30. Well defined, visible OI organization
- 31. OI champion with full value chain credibility
- 33. Knowledgecaptured and managed to drive competitive advantage
- 34. Standard metrics and reporting
- 35. Full Value Chain approachSTAGE 2 Embed Open innovation capacity Consolidate STAGE 1 Launch Time
- 36. Open Innovation: A Full Value Chain Approach Page 10
- 37. Open Innovation: Upstream Research Ideation Support: Identify key technologies available, or in development, That will present joint development opportunities or risks Page 11
- 39. Emerging disruptive technology threats
- 40. Strategic technology intelligence landscapes
- 42. Identify potential IP acquisitionsPage 12
- 43. Open Innovation: Design & Development R&D Support: Identify non-core technologies and talents that can help accelerate the new product development lifecycle Page 13
- 46. Crowdsourcing (conceptual problem resolution)Page 14
- 47. Open Innovation: Manufacturing Manufacturing Support: Find new technologies, processes, etc. to create a more reliable, leaner and cleaner manufacturing process Page 15
- 50. Green manufacturing technologies
- 51. Quality-related (inspection) technologies
- 53. Open Innovation: Process Improvement Process Support: Find experts and methods to help enhance existing processes, or to develop new processes outside your core competency Page 17
- 55. Specialized technology processes
- 59. Specialized business processPage 18
- 60. Open Innovation: New Markets/Applications New Channel Support: Identify new markets for existing competencies and intellectual property via Open Innovation Intelligence Page 19
- 62. New applications for existing markets
- 63. e.g. Augmented Reality in greeting cards
- 64. “Greening” of existing products
- 65. e.g. bio-acrylics vs. plasticsPage 20
- 66. Open Innovation: Ready-Products New & Existing Market Support: Identify existing products and services that can be introduced to an existing portfolio to strengthen current capabilities and improve market penetration Page 21
- 68. Near ready-products needing R&D support
- 69. Ready-products needing channel or supply chain support
- 70. Bundling opportunities for existing productsPage 22
- 71. Key Takeaways: Commit, align & build momentum behind your OI effort A Full Value Chain approach requires an empowered and credible OI function Whole-Systems Thinking leads to the highest return on your open innovation investment Develop a balanced portfolio of “Engage” and “Enable” tools and capabilities
- 72. Thank You For Your Attention! Matthew Heim, Ph.D. President, NineSigma Inc. www.ninesigma.com