Transforming invention into innovation the conceptualization stage
This presentation is the property of its rightful owner.
Sponsored Links
1 / 19

Transforming Invention into Innovation: The Conceptualization Stage PowerPoint PPT Presentation


  • 56 Views
  • Uploaded on
  • Presentation posted in: General

Transforming Invention into Innovation: The Conceptualization Stage. Bill Scott Vasu Rao Jeremy Stone. Business Strategy. In high-technology firms strategy is formed by the innovative activities of low level technical and business people Elements of strategy formulation Technical competency

Download Presentation

Transforming Invention into Innovation: The Conceptualization Stage

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Transforming invention into innovation the conceptualization stage

Transforming Invention into Innovation:The Conceptualization Stage

  • Bill Scott

  • Vasu Rao

  • Jeremy Stone

Transforming Invention into Innovation


Business strategy

Business Strategy

  • In high-technology firms strategy is formed by the innovative activities of low level technical and business people

  • Elements of strategy formulation

    • Technical competency

    • Market need

    • Corporate interest

      • Within domain of present and future

Transforming Invention into Innovation


Successful innovation

Successful Innovation

  • The best technological breakthroughs and the most unmet needs by themselves do not result in successful innovation

Transforming Invention into Innovation


Alternative ways to conceptualize opportunities for innovation

Alternative ways to conceptualize opportunities for Innovation

  • Marketing – Direct towards market needs

    • “Demand Pull”

  • Scientists – Technologies with commercialization potential

    • “Technology Push”

  • Linking marketers and scientists together to jointly develop new technology with good market possibilities

Transforming Invention into Innovation


Approaches to innovation

Approaches to Innovation

  • Technology Push

  • Need or Market Pull

  • Coupling or Double Linking

Transforming Invention into Innovation


Technology push

Technology Push

  • Typically, researchers looking for solutions to existing problems invent new technologies, and the technology is ‘pushed’ into the market

  • Need for the product in the typical user community has not been identified

  • Intel DRAM, Post-it notes, Polaroid camera

Transforming Invention into Innovation


Technology push1

Technology Push

  • Initial project takes shape mainly within technologists wanting to develop a product with enormous economic implications

  • The researchers perform environmental scanning

  • Internal and external knowledge are put together in arriving at a breakthrough solution

Transforming Invention into Innovation


Technology push flow of activities

Technology Push – Flow of Activities

Internal scientific and technical knowledge

1

2

Technical issues and problems

Technical solutions

3

1

5

2

4

External market

needs

External scientific

and

technical knowledge

Transforming Invention into Innovation


Technology push problems

Technology Push – Problems

  • Linkages can fail if researcher’s ideas do not match corporation’s interests

  • Difficulty in gaining financial support – chicken and egg problem

  • Bootleg research – a way around funding problem

  • Changing circumstances can influence research

Transforming Invention into Innovation


Technology push problems1

Technology Push – Problems

  • The quest to solve a tough technological problem might cause the scientist to oversee easy solutions

  • Likely to get locked into a particular technical solution developed by the inventor, even if it is found unsuitable or inferior

  • Tends to address the needs of atypical users

  • Technical people have limited knowledge of the true user marketplace

Transforming Invention into Innovation


Need pull

Need Pull

  • Unsatisfied needs of the marketplace create the demand for new solutions or products

  • R&D is driven by specific market goals

  • Business/market trained specialists identify needs, for which technical staff strive to find a solution

Transforming Invention into Innovation


Need pull flow of activities

Need Pull – Flow of Activities

Internal scientific and technical knowledge

3

2

Technical issues and problems

Technical solutions

4

3

1

2

5

External market

needs

External scientific

and

technical knowledge

Transforming Invention into Innovation


Need pull potential pitfalls

Need Pull – Potential Pitfalls

  • Users usually do not have a clear idea of their own needs with respect to a truly new product

  • Market needs could be too broadly or too narrowly defined to arrive at a proper solution

  • Tends to create a perpetually moving target, and breeds confusion for the R&D people

  • Too many market-oriented compromises destroy a basically sound innovative idea

Transforming Invention into Innovation


Need pull potential pitfalls1

Need Pull – Potential Pitfalls

  • Possibility of not being able to generate the required technology to solve an existing problem

  • Absence of a product champion with vested interest in the product

Transforming Invention into Innovation


Double linking

Double Linking

  • Technical linking and need linking are coupled for optimal solutions

  • Market needs evaluated at the same time technical breakthroughs are happening in the laboratory

  • This linking asserts the presence of a market for the potential product when it hits the marketplace

Transforming Invention into Innovation


A viable new business opportunity in corporate america

A Viable New Business Opportunity in Corporate America

  • Problem must be considered relevant to top management (for current operating divisions or created by external events)

  • Technology Sources must be available or they may need to be developed by the organization

  • Market demand must be present (based on a marketer’s personal search, an area of customer dissatisfaction, or the potential for new need satisfaction)

Transforming Invention into Innovation


Effective conceptualization

Effective Conceptualization

  • Successful managers are able to link ongoing technical streams with corporate commitments and relate them to market needs

  • Steve Jobs/IBM Small Talk Programming Tool

  • Only a small number of development managers are able to do this early in the development cycle

  • A large amount of the unknown in the innovation process

Transforming Invention into Innovation


Innovation traps

Innovation Traps

  • Original Conceptualization isn’t always the best

  • Scientists and R&D Employees need to be flexible and open to modification (Do not become over-committed to a given system)

  • Alternative solutions often turn out to be more worthwhile than original breakthrough

  • Don’t be too flexible or too broad on the technical or market side

  • Don’t allow the market success of the innovation to be too dependent on the variable environmental component of the market (United and Pollution Control Issue)

Transforming Invention into Innovation


Any questions

Any Questions???

Transforming Invention into Innovation


  • Login