innoquest – june 25, 2014
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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 PresentationTRANSCRIPT
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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.
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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
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Internet Access at DDR
Network: DDRDataGuest
Guest account User: bnymellon
Guest account Password: NGsK0aDf ^“zero”
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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
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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.
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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
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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
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GrafTech Session Take-aways 4-30-14Amit M
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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
![Page 12: InnoQuest – June 25, 2014](https://reader035.vdocuments.us/reader035/viewer/2022062400/568168e5550346895ddfe397/html5/thumbnails/12.jpg)
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
![Page 13: InnoQuest – June 25, 2014](https://reader035.vdocuments.us/reader035/viewer/2022062400/568168e5550346895ddfe397/html5/thumbnails/13.jpg)
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
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Introductions
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* 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
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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
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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
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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?
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Paul StupayChief Sales Officer
Office 216.295.4810Mobile 216.225.7955
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How would you use the Open Innovation model?
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How will your company embed future insights into your own forecasting?
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InnoQuest - Innovation Management Program
Next Meeting: Thursday, August 21
Using Product Tear-down to Ideate & Accelerate InnovationLooking at Patent Searches to Ideate
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EDGE Fellows Summer Program
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EDGE Fellows (2007 – 2014)
• 60 business ideas studied• From successful Northeast Ohio businesses• 30% of ideas generate new revenue in 2-3 yrs
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EDGE Fellows Summer Program
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