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Innovation Processes in Transition

Innovation Processes in Transition. by Erkki Ormala Professor of Practice , Innovation Management Aalto University , Business School. Learning outcomes.

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Innovation Processes in Transition

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  1. Innovation Processes in Transition by Erkki Ormala Professor of Practice, Innovation Management Aalto University, Business School

  2. Learning outcomes • A general understanding of innovation, innovation processes and innovation management, in different contexts, and their role in society and in business strategy. • Understand how innovation can (and cannot) be fostered, managed or steered, and which policies, processes and tools are needed, offering case-based insights in what works and what not. • Understand how innovation is related to other functional business areas such as finance, marketing, buying, customer relations and to the over-all business design. • Understand specific issues and topics in fostering and managing innovation, e.g. technology platforms and innovation strategies, innovation in inter-organisational networks, service innovation, user driven innovation, collaboration in innovation, open innovation arrangements such as regarding IP management, business model innovation, transition management approaches to societal innovations etc

  3. Course content 15 April: To give an overall understanding of the innovation process and the role of innovation policy; lecturer: Erkki Ormala; external speaker: Anne Stenroos, Kone 22 April: Understand new forms and dynamics of disruptive innovation and strategic implications; lecturer: Hans Schaffers; external speaker: HeliAnttila, Fortum 29 April: To describe in detail the innovation process of a global company and its challenges; lecturer: Erkki Ormala; external speaker: Ilkka Mannonen, Vaisala 6 May: To understand platform-based innovation strategies in network markets; lecturers: Hans Schaffers and ErkkiOrmala, Group work 13 May: Innovation policy; systemic approaches; Lecturer: Erkki Ormala, external speaker: Kai Husso, RIC 20 May: The innovation process of SMEs; Lecturer: Erkki Ormala; external speaker: Leo Kärkkäinen, Nokia

  4. Workload • 18h participating in course sessions (mandatory) • 60h reading the background material • 82h writing a 5 page essay on a selected and approved topic (about 2000 words)by 1 June 2014

  5. Demand orchestration Demand orchestration Demand orchestration Demand orchestration Demand orchestration Demand orchestration Demand orchestration Demand orchestration Architecture orchestration Architecture orchestration Architecture orchestration Architecture orchestration Architecture orchestration Architecture orchestration Architecture orchestration Architecture orchestration Supply orchestration Supply orchestration Supply orchestration Supplyorchestration Supply orchestration Supply orchestration Supply orchestration Supply orchestration Innovation orchestration Innovation orchestration Innovation orchestration Innovation orchestration Innovation orchestration Innovation orchestration Innovation orchestration Innovation orchestration Demand orchestration Partners Partners Architecture orchestration Core Supply orchestration Innovation orchestration Core Innovationnetworksenable new ways of knowledgecreation and utilization with orchestration capability to extended enterprise From traditionallarge enterprise

  6. Crowdsourcing Open Innovation User Innovation Co-Creation Social media Source: Modified from Schenk and Guittard, 2009

  7. Open Innovation Engaging the World’s Leading Institutions • Access and drive global intellectual vision and insight • Form strategic collaborations with world-leading institutions to multiply our efforts • Build global test beds to learn from broader audiences

  8. PPP Research University Knowledge sharing Education

  9. Innovationprocess Mapping the future business environment Innovation strategy Implementation of the strategy Expanding the markets and ecosystems

  10. Mapping the future business environment Changing political, economic and regulatory landscapes, technology developments, global and regional markets and value chain analyses, competitor and competing ecosystem evolution, changes in customer preferences in terms of functionality, design and usability, etc.

  11. Innovation strategy Involves the SWOT analysis of the company capabilities with respect to the changing global competition and defines the key objectives and actions required to achieve them

  12. Implementation of the strategy Expanding the markets and ecosystems • Expanding the market prospects of the new innovation Involves resource allocation, product and service specifications, milestones and progress approval decision

  13. Thankyou

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