Weekly Member Update - Monday, February 15, 2021

2021 Virtual Spring Networks Conference Registration Now Open! 

 
Join fellow innovation leaders for dynamic discussions and networking! The 2021 Virtual Spring Networks Conference, March 8-11, will feature a blend of webinars and interactive roundtables exploring topics chosen by IRI members. 
 
The following networks will hold sessions at the meeting:
  • External Technology 
  • Information Services/Information Technology
  • Innovation Leaders
  • Intellectual Assets Management
  • New Business Development
  • Sustainability (new!)
 
Topics are categorized by network, and most networks meet for a half-day of 3-4 sessions. The External Technology Network and Innovation Leaders Network will each meet for two half-days. Only one network will convene at a time, so there will be no overlapping sessions at this conference. Attendees are welcome to attend any and all sessions that interest them, regardless of which Network is leading the topic.
 

Congratulations to the National Academy of Engineering (NAE) newly elected 2021 class

Santokh S. Badesha - corporate fellow and manager of open innovation, Xerox Corp., Webster, N.Y. For developing materials enabling the broad use of laser printing and the creation of color laser printing.

David Bem - chief technology officer and vice president of science and technology, PPG Industries, Pittsburgh. For business leadership and a sustained record of materials discovery to commercialization.

Hao Huang - technology chief, General Electric Aviation (retired), Dayton, Ohio. For contributions to advances in electric machines and power electronics technologies for aerospace electrical systems.

Shelley K. Lavender - senior vice president, Strike, Surveillance, and Mobility, Boeing Defense, Space, and Security, Program Management, The Boeing Co., St. Louis. For contributions to technological advances of military aircraft platforms and systems.

Danielle W. Merfeld - vice president and chief technology officer, GE Renewable Energy, General Electric Co., Charlotte, N.C. For leadership and development of products for large wind turbines and solar photovoltaic systems.

Julio A. Navarro - senior technical fellow, Boeing Research and Technology, The Boeing Co., Renton, Wash. For development and implementation of phased array sensors and communication systems for aerospace applications.

Peter Bernard Roemer - GE Healthcare (retired), Tampa, Fla. For contributions to performance improvement and widespread availability of MRI technology.

Jeanne M. Rosario - former vice president and general manager, Engineering Division, General Electric Aviation, Lexington, S.C. For leadership in advancing aircraft engine design, global engineering, and support for women in engineering.


IRI’s driver of best and next practices in innovation management, Research on Research (ROR), turns 50 this year.  To celebrate 50 years of groundbreaking research, we will be featuring content and testimonials from ROR’s 50 years each week.
 
Business Model Innovation Challenges
 
Innovation outside of the core provides an opportunity for growth, however, it generally requires a different business model.  This ROR identified the challenges associated with business model innovation and provided tools or approaches that induce success in innovation outside of the core.  The Team identified that major business failures are proportional to hidden assumptions in planning, as opposed to major changes on the product offering.

The guiding principle for IRI in 2021, we will be operating as a virtual organization. We will deliver exceptional value, including networking, research, and content development and distribution virtually. To do so and to inform our community as early as possible, we have developed a calendar of events for the year. Let us know what you want to hear about as we continue to plan the content for 2021. 

New snapshot report on NPD from Robert Cooper

The report summarized the results of a survey designed by Robert Cooper and Elko Kleinschmidt as an update to their three seminal papers on benchmarking best new product development practices (links below). These papers explored the practices of companies engaged in new product development and elucidated what the best performing businesses had in common. The report provides a quick overview of respondents’ portfolios, including balance, alignment, and resource allocation. They also touch on performance and results.


We are seeking up to six companies to participate in a new study we are launching on the Future of R&D work.
 
The pandemic has forced changes in how innovation work is conducted.  Some projects are fully virtual, others have some members in the labs and others working remotely.  After nearly one year, companies seem to have achieved a new normal. In fact, many are experiencing increased efficiencies and more effective outcomes. But what are the long-term consequences on the nature of innovation work, how it is coordinated and managed, how new projects are started, how we recruit and retain new people and on R&D success?  As this pandemic passes, which practices will be retained, and which will be reconsidered?
 
The IRI, together with faculty from our partner Babson College is launching a research project to trace the long-term impact of new work practices and technologies on the R&D/ innovation work environment, employee engagement and innovation outcomes.  Please contact Lee Green at green@iriweb.org for more information if you are interested in participating.

Register for our upcoming webinars & events!

TRACK Workshop: Conducting Business Experiments 
Speaker: Jim Euchner
When: Wednesday February 17, 2021 1:00pm – 4:00pm EST
 
This course is designed to provide enough background for participants to begin designing and executing their own business experiments. It will include guidance on how to design (and refine) a business experiment; the characteristics of a good business experiment; how to execute an experiment both “in market” and “with market”; and examples of the eight most common types of business experiments. We will also discuss the challenges of conducting business experiments in large companies and how to track and communicate results.
 
DXC February Thought Leader Interview
Speaker: Jaap de Vries
When: Thursday, February 18, 2021, 12:00 pm EST
 
Dr. Jaap de Vries is a technologist in FM Global’s Innovation team, based in Providence, Rhode Island, USA. In this role, he discovers and develops new opportunities to guide the strategic planning efforts of FM Global and its mutual members. Dr. de Vries developed IoT strategies, explored the role of drones, and developed patented AI-based fire protection technology. He is responsible for building a network of sources to identify, research and assess emerging signals of change in the market, new technologies and scientific advances.
 
Innovation Leaders Speaker Series Webinar: Streamline your Information Governance: Business in the Era of Privacy
Speaker: Vineet Mehta, Director of Information Governance at Comcast
When: Wednesday February 24, 2021 12:00pm – 1:30pm
 
Many great innovations of our age have been fueled by data. Companies are collecting, generating and storing data at unprecedented rates. However, the landscape of data security and privacy is changing rapidly, with state, national and international legislation imposing mandatory new requirements and safeguards. Join us to learn about the future of privacy and data management from Vineet Mehta, Comcast's Director of Information Governance.
 
IRI PILOT Project Update: Transformational Innovation and Corporate Entrepreneurship
When: Friday, February 26, 2021 12:00 pm EST
 
This joint project with Echo Strategies aims to: Accelerate the transformation of corporate entrepreneurship capabilities by identifying best and next practices executives and high-level managers can use to focus and support their organization’s non-incremental innovation initiatives, and more. 
 
Monthly Innovation Leader Coffee Houses
When: Tuesday, March 9, 2021 11:00 am EST
 
The goal of the Innovation Leader Coffee House video calls is to provide you with the opportunity to quickly benchmark with your peers and make sure you’re not overlooking any key considerations.  The agenda will change each month and participants are asked to come prepared with your questions and ideas to share. 
 
TRACK Workshop: Business Model Innovation
Speaker: Jim Euchner
When: Wednesday March 17, 2021 1:00pm – 4:00pm EST
 
This course is designed to provide enough background for participants to begin developing and testing new business models. It is based a model for doing business model innovation (the business model pyramid), which includes six steps. The course will take participants through each step of the process, with pragmatic advice on how to execute the work in the corporate context. It will include practical tools for quantifying customer value, identifying business model options, assessing risks, conducting experiments to learn about the risks, and organizing for incubation. We will also discuss the challenges of doing business model innovation in large companies and how to build internal support for your business.

Pioneering enzyme-based biocontrol technology to complement Novozymes’ existing BioAg base in microbes. Strategic collaboration with FMC to co-develop enzyme solutions for two segments, leveraging Novozymes’ multi-partner setup in BioAg, also announced.
 
Northrop Grumman Corp. has been awarded a contract by the U.S. Defense Advanced Research Project Agency (DARPA) Tactical Technology Office to develop an advanced technology weapon concept designed to significantly increase engagement range and weapon effectiveness of U.S. forces against adversary air threats, the company said in a Feb. 10 release. 
 
Kao Corporation aiming to develop lactic acid-based hand care products with long-lasting antimicrobial properties based on latest research into the hand barrier.
 
Moline, Illinois-based John Deere packs a lot of technology into its tractors. In fact, in some ways John Deere more closely resembles a tech company than it does an agriculture firm. The company hopes to use its expertise in both agriculture and technology to improve current farming practices and increase food production around the world.