Author Archives: Andrea Meyer

The Search for Innovations

In a world of large organizations and diverse global hotspots for R&D, innovation occurs everywhere. Companies can tap those innovations through search processes, which may be cheaper and more effective than only using traditional “start from square one” R&D efforts.

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Frugal Innovation at NASA

Point: Budget constraints demand frugal innovation. Story: In 2005, NASA’s Constellation program – tasked with designing a way to get humans to the moon and eventually to Mars – suffered a 45% reduction in R&D budgets during the process of getting Constellation running. “We knew those resources weren’t coming back,” said Jeff Davis, Director of the Space Life Sciences Directorate ...

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P&G on Benefits of Open Innovation

Point: Open innovation is much more cost-effective than internal R&D Story: Larry Huston, formerly Innovation Officer at Procter & Gamble, spoke at the World Innovation Forum on June 8, 2011. Huston praised open innovation as a way for big companies to speed their innovation and time to market. Huston said that open innovation efforts give companies a 2x return compared ...

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Startup America to Accelerate Innovation and Entrepreneurship

Point: Entrepreneurs in high-growth companies can influence the federal government to increase their company’s access to capital, people, and markets. Story: Accelerating high-growth entrepreneurship Background: The Startup America Partnership, an initiative launched by President Obama in 2011, seeks to accelerate high-growth entrepreneurship. One step is to reduce the barriers entrepreneurs face when starting high-growth businesses. To accomplish this step, senior ...

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Modularity & Openness Accelerate Innovation

Point: Use open innovation and modularity to identify new product/service needs and accelerate your pace of innovation Story: Rugged handheld computers are used every day by retailers,warehouse operators, service technicians, parcel companies, and transportation operators to log customer purchases, track inventory, monitor shipments, and scan tickets. Half a dozen manufacturers compete in the crowded market for these devices to serve ...

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Using Innovation and IT to Drive Productivity

Point Getting maximum benefit from innovation requires new organizational practices. Story In their book Wired for Innovation, Erik Brynjolfsson and Adam Saunders show how innovation and IT drive productivity growth. Productivity growth explains how cars, for example, went from costing an average of three years of salary a century ago to costing only seven months of salary today. Nor is ...

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How PepsiCo, Kraft & MWH Accelerate Innovation

Point Tools and processes — PepsiCo’s 72-hour IdeaJams, Kraft’s R&D Suite with online lab notebooks, and MWH Global’s Idea Hub — speed innovation by enabling quick access to new ideas, prior art, and company-wide participation. Story Innovation accelerates business growth by providing the new products, services, processes, and business models that help an organization reach new markets and new levels ...

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