Discovering Product Innovation Potential within Existing Product Architectures

2015 ◽  
Vol 794 ◽  
pp. 540-546 ◽  
Author(s):  
Stefan Rudolf ◽  
Casimir Ortlieb ◽  
Christian Tönnes ◽  
Günther Schuh
Keyword(s):  
Innovation Process ◽  
Sustainable Growth ◽  
Product Portfolio ◽  
New Approach ◽  
Product Success ◽  
Innovation Potential ◽  
Innovative Products ◽  
Continuous Stream ◽  
Innovation Approach ◽  
Innovation Processes

New and innovative products are drivers for successful and sustainable growth of companies. Only a continuous stream of innovations can defend established market segments and create new markets for the company. Especially for European companies, innovations offer the opportunity for differentiation against competitors and therewith help to consist the present cost pressure mainly coming from Asian countries. Thereby, innovation inherent risks regarding limited product success, longer development times and quality lacks threaten the success of the innovation process. With this paper, a new approach is introduced, which aims at the reduction of the risks in the innovation processes. This is realized by shifting the focus from a customer requirement driven innovation screening to a product portfolio based innovation approach. The idea is to identify innovation opportunities within existing portfolios to maximize the use of existing company capabilities.

scholarly journals Innovation Potential for the Reindustrialisation of Eastern Siberia (Example of Krasnoyarsk and Irkutsk)

2019 ◽  
Vol 33 (4) ◽  
Author(s):  
Vera Rudneva
Keyword(s):  
Innovation Process ◽  
University Education ◽  
Eastern Siberia ◽  
Chinese Market ◽  
Innovation Potential ◽  
Innovation Infrastructure ◽  
Triple Helix Model ◽  
Irkutsk Region ◽  
Innovative Products ◽  
Industrial Complexes

The report provides an assessment of the innovation factor in the reindustrialisation of Eastern Siberia, based on data on R&D costs and the introduction of innovative products. The Krasnoyarsk Territory has the greatest innovative potential, followed by the Irkutsk Region. The terms of modernisation of industrial complexes in Krasnoyarsk and Irkutsk were compared on the basis of the triple helix model. This model formalises the interrelation of production with university education and the development of interaction between all parties of the innovation process. The leadership of the Krasnoyarsk Territory was confirmed by a more developed innovation infrastructure of universities that interact with local engineering and aerospace corporations. Industrial production of the Irkutsk oblast is more focused on the extraction of minerals and the production of primary processing goods due to its more eastern position and dependence on the needs of the Chinese market.

Management by Development of Innovative Potential of Organization

2022 ◽  
pp. 53-57
Author(s):  
A. Borisov ◽  
S. Shelonaev ◽  
T. Trofimova ◽  
M. Rasina
Keyword(s):  
Innovation Process ◽  
Management Style ◽  
New Approach ◽  
Innovative Strategy ◽  
Industrial Enterprises ◽  
Innovation Potential ◽  
Management Of Innovation ◽  
Research Findings ◽  
Strategic Success ◽  
Stable Development

This article explores the innovation potential of the staff at industrial enterprises. The relevance of the research is confirmed by the increasing interest of companies in innovation. This manifests itself both in the changing organizational structure of enterprises and a new approach to human resource management, for instance, the revision of the key performance indicators of employees. One of the main goals of the research was determining the factors that influence the development of the innovation potential of staff and assessment of their impact. The institutional approach formed the conceptual basis of the study. It allowed the authors to consider the management of innovation potential as a special mechanism for achieving sustainability, stable development of an enterprise, and its strategic success in general. The authors established that organizational and administrative factors have the greatest influence on the formation and development of the innovation potential of staff, while the constraining factors are the lack of an innovative strategy, authoritarian management style, and bureaucratization. Studying the techniques aimed at the development of staff’s innovation potential, the authors concluded that the most effective ones for industrial enterprises are consultations of subject matter specialists. A significant novelty of this work is the model of interaction of participants in the innovation process developed by the authors. The research findings enabled the authors to devise recommendations for the formation and development of the innovation potential of the company’s employees.

scholarly journals New approach for risks ranking of the initial innovation idea using data envelopment analysis

2019 ◽  
Author(s):  
Milena Kirova
Keyword(s):  
Data Envelopment Analysis ◽  
Innovation Process ◽  
Output Parameter ◽  
Graphical Form ◽  
Data Envelopment ◽  
Research Attention ◽  
New Approach ◽  
Innovation Potential ◽  
Product And Process Innovation ◽  
Product And Process

Purpose – this paper presents the application of Data Envelopment Analysis (DEA) for risks ranking in a graphical form at the initial stages of the innovation process, by using the innovation potential as an output parameter of DEA. Research methodology – an example of the potential change of a given innovation under the influence of certain risk is presented. The data for the risk assessment and the reduction of the potential after the expression of the risks are given. On the bases of this data, a graph for the boundaries of the risk effectiveness is constructed, according to DEA models. Findings – DEA is applicable for the risk ranking, including for risks with equal effectiveness evaluations. Research limitations – the approach is applied to risks which are initially selected for ranking. The other types of risks are not considered, and they need separate research attention. Practical implications – the new approach may be used in the initial stages of product and process innovation. Originality/Value – the innovation potential is used as an output parameter in the DEA to graphically rank the risk of the initial innovation applications.

ANALYSIS THE INNOVATIVE ACTIVITIES OF PHARMACEUTICAL ENTERPRISES ON THE MARKET OF UKRAINE

2017 ◽  
Author(s):  
Viktoriia Kovalova ◽  
◽  
Nataliia Gliebova ◽  
Karina Fedosova ◽  
◽  
...  
Keyword(s):  
Pharmaceutical Industry ◽  
Research And Development ◽  
Innovation Process ◽  
Capital Intensity ◽  
Pharmaceutical Market ◽  
Pharmaceutical Companies ◽  
Product Portfolio ◽  
Innovation Potential ◽  
Innovation Activities ◽  
The Difference

The article analyzed the peculiarities of the pharmaceutical industry in Ukraine, its structure. Unlike other areas of the domestic economy, during the period of Ukrainian independence the pharmaceutical industry developed quite dynamically, more or less successfully overcoming economic crises, which Ukraine experienced. The pharmaceutical market belongs to the group of highly competitive and mature markets in Ukraine. This is largely due to innovative activities of modern pharmaceutical companies. The specificity of the pharmaceutical field, the difference of medicines from other goods on the market and the dependence of pharmaceuticals on the dominant model of medicine of a particular market (country) determines the uniqueness of the innovation process of the enterprises of the pharmaceutical market. The relevance of the research is due to the need to further increase the innovation potential of the domestic pharmaceutical industry, as it is directly related to the health of nations. The article identified the subjects of economic relations of the pharmaceutical market, which constitute it. The capacity of the pharmaceutical market was considered and the main key factors of its success were identified (innovation, product portfolio, sales development, new markets, modernization of fixed assets). The top 20 global innovative companies in terms of market capitalization are presented. The features of innovative activity of modern pharmaceutical companies such as: PAT "Farmak", PAT "Scientific-production center" Borshchagivskiy chemical-pharmaceutical plant", Corporation "Arterium", LLC "FK "Health", PF "Darnitsa", LLC "Kusum Pharm", PF "Viola". The classification of innovations in terms of possible directions and capital intensity of innovation activities in the pharmaceutical field was analyzed. The article also examined the structure of costs for external and internal research and development by pharmaceutical companies. The volume of investment in R&D (Research and Development ) by different pharmaceutical companies was analyzed.

scholarly journals Consumer Innovativeness in Food Industry: From Literature Review Some Indications for Business Practices

2017 ◽  
Vol 8 (2) ◽  
pp. 10 ◽  
Author(s):  
Pierluigi Passaro ◽  
Sergio Salomone
Keyword(s):  
Innovation Process ◽  
Business Practices ◽  
Food Sector ◽  
Systematic Analysis ◽  
Consumer Innovativeness ◽  
New Approach ◽  
Empirical Survey ◽  
Innovative Products ◽  
The One ◽  
Definition Of

Objectives. Through the analysis of literature, the evolution of consumer’s behaviour is traced, although with broad strokes, with the purpose of outlining the consumer innovativeness related to the sector, in anticipation of the imminent and relevant innovations in food field. Final objective is that of highlighting the principal trends which determine the modern consumer’s choices in food sphere. Methodology. The explorative-type research is essentially based on a systematic analysis of literature in theme of bent to innovation in the consumer’s behaviour. Findings. The trend which is changing the attitude to create innovative products in food field will be determined not only by the changes in the consumer’s behaviour but above all by the necessity of including such changes in the innovation process, realized by companies.Research limits. The objective difficulty in the identification of a unanimous definition of innovation does not allow to be able to carry out such an empirical survey to measure the consumer innovativeness, especially in food field.Practical implications. The deep changes intervened in the life system of consumers on the one hand, and the succeeding each other of events that have profoundly conditioned the agro-food sector on the other hand, have been subjects of studies to understand the new approach of consumers to the food offer, useful for the companies in the definition of product innovation politics. Originality of the study. The limited literature in the field of consumer innovativeness, much more in the agro-food field, makes the present research original in its attempt of theoretical systematization of concept of bent to consumer’s innovation in food field.

scholarly journals Region Innovation Potential as a Factor of Sustainable Development

2019 ◽  
Vol 105 ◽  
pp. 04026
Author(s):  
Andrey Kopein ◽  
Kseniya Demidenko ◽  
Olga Fattakhova ◽  
Tamara Frolova ◽  
Valeriy Lovchikov ◽  
...  
Keyword(s):  
Economic Development ◽  
Innovation Process ◽  
Innovation Activity ◽  
Investment Climate ◽  
Type Region ◽  
Innovation Potential ◽  
Innovative Products ◽  
Resource Type ◽  
Scientific Technical ◽  
Adaptation Processes

The article deals with the theoretical and practical issues of innovation activity as a factor of economic development and its sustainability. It reveals that economic instability can affect the investment climate, as well as cause significant slowdown of the innovation process. It points out the differences in adaptation processes in regions, which are reflected in the pace and direction of innovation implementation. An assessment of the innovation potential of a resource-type region was carried out based on indicative method and a set of criteria which were divided into five groups. The groups are formed according to scientific, technical, personnel, financial and resulting components. The analysis revealed that the resulting component is in a pre-crisis state, which is determined by the small number of active enterprises introducing innovation technologies and a small share of innovative products. It was noted that the technical and personnel components are in a normal state, and the financial component is in the state of crisis. It was concluded that there exists a sufficiently high innovation potential in the basic sectors of the industrial region. The debatable results of any assessments of the innovation potential and its impact on the sustainability of socio-economic development are underlined.

scholarly journals Service Innovation Processes in SMEs in Upper Austria

2020 ◽  
Vol 5 (3) ◽  
pp. 26-31
Author(s):  
Alexandra Fratričová ◽  
Margarethe Überwimmer ◽  
Robert Füreder
Keyword(s):  
Human Resources ◽  
Service Innovation ◽  
Global Competitiveness ◽  
Know How ◽  
Upper Austria ◽  
Innovation Potential ◽  
Innovation Activities ◽  
Innovative Products ◽  
Depth Interviews ◽  
Innovation Processes

Due to the increasing global competitiveness, companies have to continuously expand their offer of innovative products and services. Upper Austria is the most competitive region of Austria and one of the most innovative regions in Europe. Despite its success and prosperity, the local SMEs have not yet managed to exploit their full innovation potential. This paper analyses the literature background on the topic of innovation in SMEs in the spheres of management and organization, resources, collaboration, KPIs, and innovation processes, as a part of the Interreg SIP-SME (Service innovation processes for small and medium-sized enterprises) project. Subsequently, the results from the in-depth interviews with Upper Austrian innovation experts are presented and compared to the literature findings. The authors found that the experts confirmed the necessity of formalization of processes, the importance of human resources and know-how, specific organizational and managerial prerequisites, as well as the problematic areas in the measurement of innovation potential and activities. Differences were found in the aspects of company attributes and their effect on innovation success as well as the reasons of employee unwillingness and reluctance to engage in innovation activities. Problematic areas of implementing innovation in local SMEs were identified.

Fluctuating Open Teams (FLOT) – A New Approach to Boost Team Creativity and Innovation Potential

2014 ◽  
Vol 1 (2) ◽  
pp. 77-81 ◽  
Author(s):  
Ulrich Betz ◽  
Paul Czodrowski ◽  
Christina Esdar ◽  
Carl Deutsch ◽  
Norbert Beier ◽  
...  
Keyword(s):  
Team Creativity ◽  
New Approach ◽  
Innovation Potential ◽  
Creativity And Innovation

scholarly journals Is Investing in Companies Manufacturing Solar Components a Lucrative Business? A Decision Tree Based Analysis

Energies ◽  
2020 ◽  
Vol 13 (2) ◽  
pp. 499
Author(s):  
Sebastian Klaudiusz Tomczak ◽  
Anna Skowrońska-Szmer ◽  
Jan Jakub Szczygielski
Keyword(s):  
Renewable Energy ◽  
Energy Production ◽  
Manufacturing Sector ◽  
Energy Systems ◽  
Product Portfolio ◽  
New Approach ◽  
Renewable Energy Systems ◽  
Pv Systems ◽  
Depth Analysis ◽  
A Company

In an era of increasing energy production from renewable sources, the demand for components for renewable energy systems has dramatically increased. Consequently, managers and investors are interested in knowing whether a company associated with the semiconductor and related device manufacturing sector, especially the photovoltaic (PV) systems manufacturers, is a money-making business. We apply a new approach that extends prior research by applying decision trees (DTs) to identify ratios (i.e., indicators), which discriminate between companies within the sector that do (designated as “green”) and do not (“red”) produce elements of PV systems. Our results indicate that on the basis of selected ratios, green companies can be distinguished from the red companies without an in-depth analysis of the product portfolio. We also find that green companies, especially operating in China are characterized by lower financial performance, thus providing a negative (and unexpected) answer to the question posed in the title.

CREATION OF RESEARCH-ORIENTED COMPETENCE-CELL-BASED PRODUCTION NETWORKS

2009 ◽  
Vol 06 (03) ◽  
pp. 283-303 ◽  
Author(s):  
ALEJANDRO MEJIA ◽  
DIETER WEIDLICH
Keyword(s):  
Research Process ◽  
Production Network ◽  
Production Networks ◽  
Innovation Potential ◽  
Research Activities ◽  
Innovative Products ◽  
Innovative Capabilities ◽  
New Ideas ◽  
Internal Sources ◽  
Hierarchical Selection

With the basis that research is one of the most important internal sources for innovation, a new approach to create competence-cell-based production networks focused on research activities is presented. Thus, a research process, specific for competence-cell-based networks, is also described. In this process, which is subdivided in different phases, the competence-cells, as the smallest performance units, are temporarily linked in a production network. They cooperate to carry out industry-oriented applied research to generate new ideas or technologies to be used in innovative products. For this process, an approach for the non-hierarchical selection of the necessary competence cells is also introduced. This selection is accomplished by means of the innovation potential, which is based on parameters that evaluate nearly objectively the innovative capabilities of the competence cells.

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