Innovative Framework

Innovative Framework PowerPoint PPT Presentation


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2. Presentation Outline. IntroductionWho are we?Where are we?Creativity, innovation, inventionsTRIZ and I-TRIZ: applications, processes and toolsCovidien's Journey. Implementation and executionQ

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Innovative Framework

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1. 1

2. 2 Presentation Outline Introduction Who are we? Where are we? Creativity, innovation, inventions TRIZ and I-TRIZ: applications, processes and tools Covidien’s Journey. Implementation and execution Q&A and closing remarks

3. 3 1. Introduction

4. 4 Presentation Objectives Provide clear understanding on: Ideation Methodology, applications, process and tools Ideation differentiation and value proposition How to institutionalize the methodology within an organization and expected R.O.I. How Ideation can help Covidien grow organically to ensure technological and market leadership

5. 5 2. Who Are We?

6. 6 Ideation Brief History Established in November 1992, Delaware corporation Provider of TRIZ-based services and products Acquired Kishinev School (Leading TRIZ School in Russia) Headquarters in Farmington Hills, MI The world largest group of TRIZ masters and certified TRIZ specialists Installed customer base of over 5000 enterprises worldwide Active in 40 countries and 60 universities Trained over 250,000 people worldwide Completed over 200 projects Conducts continuous research and advancement of the TRIZ methodology

7. 7 What is Ideation’s Business?

8. 8 Ideation’s Business Philosophy

9. 9 Ideation’s Vision Enablers

10. 10 Selected Successes-To-Date: Medical and Healthcare Industries

11. 11 Selected Successes-To-Date: Universities, Hospitals and Healthcare Agencies

12. 12 3. Where Are We? The pace of change is ever-quickening. Organizations that do not embrace techniques that facilitate this accelerate pace place themselves in danger of extinction. There is, however, a positive side. New technologies provide new market opportunities – to those poised to take advantage of them. The pace of change is ever-quickening. Organizations that do not embrace techniques that facilitate this accelerate pace place themselves in danger of extinction. There is, however, a positive side. New technologies provide new market opportunities – to those poised to take advantage of them.

13. 13 A Characteristic of Today’s Business World Ever-increasing diversification of products in the market today due to: Rapidly accelerating technological innovation Shortened product life-cycles Diversification of customer needs The pace of change is ever-quickening. Organizations that do not embrace techniques that facilitate this accelerate pace place themselves in danger of extinction. There is, however, a positive side. New technologies provide new market opportunities – to those poised to take advantage of them. The pace of change is ever-quickening. Organizations that do not embrace techniques that facilitate this accelerate pace place themselves in danger of extinction. There is, however, a positive side. New technologies provide new market opportunities – to those poised to take advantage of them.

14. 14 Trends in the Global Marketplace

15. 15 Business Challenges Expanding Breadth of Business Opportunities Matching of Technological Solutions to Market Needs Managing Technology, Society, and Market Increasing Probability of Success Rapidly Overcoming Technological Problems Shrinking Time to Market Development and Implementation of Products and Processes Reducing Cycle Time While Maximizing Quality & Reliability Integration of Innovation and Six Sigma Maximizing Return on Capital Investment Cost of Development, Capital Equipment, Facilities Life Expectancy of Capital Investment Controlling growth and profitability

16. 16

17. 17 Evolutionary Positioning: S-Curve Analysis

18. 18 Managing the Strategic Challenge of Change

19. 19 4. Creativity, innovation, inventions The pace of change is ever-quickening. Organizations that do not embrace techniques that facilitate this accelerate pace place themselves in danger of extinction. There is, however, a positive side. New technologies provide new market opportunities – to those poised to take advantage of them. The pace of change is ever-quickening. Organizations that do not embrace techniques that facilitate this accelerate pace place themselves in danger of extinction. There is, however, a positive side. New technologies provide new market opportunities – to those poised to take advantage of them.

20. 20 History of Creativity

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22. 22 Innovation Techniques besides TRIZ

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29. 29 5. TRIZ and I-TRIZ: Applications, processes and tools The pace of change is ever-quickening. Organizations that do not embrace techniques that facilitate this accelerate pace place themselves in danger of extinction. There is, however, a positive side. New technologies provide new market opportunities – to those poised to take advantage of them. The pace of change is ever-quickening. Organizations that do not embrace techniques that facilitate this accelerate pace place themselves in danger of extinction. There is, however, a positive side. New technologies provide new market opportunities – to those poised to take advantage of them.

30. 30 6. Covidien Journey. Implementation & Execution The pace of change is ever-quickening. Organizations that do not embrace techniques that facilitate this accelerate pace place themselves in danger of extinction. There is, however, a positive side. New technologies provide new market opportunities – to those poised to take advantage of them. The pace of change is ever-quickening. Organizations that do not embrace techniques that facilitate this accelerate pace place themselves in danger of extinction. There is, however, a positive side. New technologies provide new market opportunities – to those poised to take advantage of them.

31. 31 Based on Future Thinking

32. 32 Based on Market Knowledge and Market Vision of the Future Intelligence analysis Prioritize market segmentation Segment, profiles & trends (market lifecycles) Value sets, buyer criteria, price elasticity Trends – emerging and declining value attributes Competitive analysis and trends Market share tracking Market forecasting Customer readiness assessments Strategic planning Intellectual property planning and licensing – technology, patent fences Readiness assessments: organizational competencies

33. 33 Put Emphasis on...

34. 34 The Ideal: Where You Want to Be

35. 35 Mapping the Future Using DE

36. 36 Integrated Tools

37. 37 Structured Innovation The entire process becomes a structured innovation process feeding into our Stage Gate commercialization process.The entire process becomes a structured innovation process feeding into our Stage Gate commercialization process.

38. 38 As Dr. David Bonner from Rohm and Haas summed up, to be a technological and IP leader, you must have a structured innovation output that is consistent and dynamic. As Dr. David Bonner from Rohm and Haas summed up, to be a technological and IP leader, you must have a structured innovation output that is consistent and dynamic.

39. 39 Integration within Business

40. 40 Importance of Controlling the Innovation Cycle

41. 41 Management of Technology

42. 42 Covidien’s Journey IPS workshop with the project – July 28 AFD Failure Prediction with a project – August AFD Failure Analysis with a project – September LCD technological problem – July What to Expect?

43. 43 7. Q&A and Closing Remarks

44. 44 “Using Invention on Demand and Directed Evolution, Ideation’s I-TRIZ staff helped us turn one patented surgical device into a core of products that we used to start a company.    Our company has received its second round of venture-backed funding and will be selling its first products in the next few months.  Without Ideation’s help we would have licensed our technology and would be waiting for a royalty stream for a very long time.  For medical devices, I-TRIZ has proven to be the best way to attack a future market, solve design problems and to get the most out of the intellectual property we have.”

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