Excellent Innovation Management Is More Important Than Ever to Improving Innovation Processes and Become Successful in Business

Home , Innovation management

EXCELLENT INNOVATION OUR BENEFITS MANAGEMENT Delivering clear and measurable results to our clients is core of our DNA. We SECURE SUCCESS FOR INNOVATIVE support our customers to effectively PROCESSES, PRODUCTS AND SERVICES imrove their innovation capability. Assessing innovation capability ENHANCE YOUR INNOVATION SUCCESS Conducting innovation workshops Excellent Innovation Management is more important than ever to Improving innovation processes and become successful in business. Innovative processes, product ideas structures and services do not reach market acceptance as a consequence of insufficient Innovation Management. The main challenges are: Increasing pressure to innovate SAMPLE RESULTS OF PROJECTS Declining half-value time > 20% less R&D planning time as far Decreasing market transparency as savings in process time with digital planning tools New products and services lose market acceptance more than ever. > 15% faster analysis and decision For 24% of the companies, the innovation potential is not fully making with the usage of applicable utilized. digital tools

R&D Expenditures in Bio. Euro Innovation Potential

80 % 1.920 972 24 %

2010 2018 Number of Share of [1, 2, 3] achievable successfull innovations innovations in market

[1] ECD Publishing; Perspectives on Global Development 2010: Shifting Wealth; 2010 [2] Magazine: R&D – 2018 R&D Funding Forecast; 2018 [3] Arthur D. Little Innovation Excellence Studie 2004 EXCELLENT INNOVATION INCREASING INNOVATION PROJECT MANAGEMENT SUCCESS

Six steps of excellent innovation Sprint management Ideate Learn Planning Sprint Product Execution Backlog Problem definition & market potential analysis Select

Perform an innovation/ Brain- organisation assessment storming Examine Identify problems Cluster product ideas Identify customer leadership, Shipping Measure Build Sprint requirements and trends Review Abstract demand and actions Design Thinking Lean Agile [1] Idea generation The problem solving Innovation Process of AKKA considers six phases Market research and analysis and process steps to enable market driven product development Brainstorming ideas and innovative services. Document and visualize ideas

Idea selection Select requirement criteria Innovation Validation Compare technologies, Phase services and product Problem & Potential performances Idea Market- Idea Concept Concept Roadmap Generating Potential- Selection Develop- Evaluation Planning Concept Development Analysis ment Develop and visualize innovative products & services Define unique selling points

Concept evaluation Derive evaluation criteria Evaluate innovative concepts METHODS APPLIED Document results and Interview & workshop technique prepare decision making Market analysis Brainstorming Roadmap planning Mind mapping Establish business case Portfolio/matrix analysis Develop innovation roadmap TRIZ methodology Quality function deployment Business case writing Flag Stick Model

[1] Gartner; Enterprise Architecture and Technology Innovation Leadership Vision for 2017

AKKA Consulting GmbH

Flugfeld-Allee 12 Tel.: +49 7031 686-3000 [email protected] D-71063 Sindelﬁ ngen Fax: +49 7031 686-4500 www.akka-technologies.com