InnovaSpec provides innovation consulting and training that is customized to each customer’s needs. We can provide a range of services from a one time training event to joining the team to help complete a project.
InnovaSpec helps the customer define the right innovation strategy for their situation. It provides a path to navigate from the “fuzzy” conceptual front end of innovation to the realization of a valuable business impact from product and service concepts. InnovaSpec is a partner of Value Innovations and applies their 10-step process to deliver exceptional value to your most important internal and external customers.
Speed to market and management of innovation risk are the key metrics of the back end of innovation. InnovaSpec brings a kit of lean sigma tools adapted to innovation processes to improve cycle time, reduce risk, and improve success rates. InnovaSpec is also adept at reviewing Intellectual Property and management strategy from a business perspective.
Innovation - Many Definitions:
- More than invention
- Must be useful/applied in real world
- Profit or nonprofit
- Many degrees of distinctiveness from Incremental to Disruptive
- But not continuous improvement!
Innovation Process Waste Categories
- Lots of Lean Sigma work is focused on Innovation Process efficiency.
- This is very important if you know you are working on the right innovations.
- Faster, Cheaper, Better could be on stuff that has no value!
Twelve Schools of Innovation
- Bessant , LI of Exeter
- ; Tidd, U of Sussex
- UC Berkeley
- Bentley O’Connor, RN
- Von Hippel
- MIT /span>
- OVO NetCentrics
- Erewhon Sharma, NXTLYF
- Govindarajan and Trimble
- Hamel, London Business School Semler*, Semco
- London Business School
- Kim and Mauborgne, INSEAD Lee*, Value Innovations
Value Innovation Process® - 10 Steps / 12 Weeks
Innovation Process is more than Stage Gate
Stage Gate is a useful process but not sufficient to be lean:
- Most practitioners misuse it
- Excessive process focus vs. results
- Corporate governance to control/coordinate product launches
- Miss the ‘spiral iterative learning’ in small steps recommended by Cooper
- Never really killing a project makes for the ‘constipated funnel’