Weekly Member Update - Monday, February 8, 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.

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. 

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.
 
Generational Differences in R&D Leadership Expectations
 
The first-ever IRI 3-hour Research on Research project (ROR) was completed at the Diamond Jubilee Annual Meeting in Washington, DC in May 2013.  The purpose of this ROR was to identify the differences in leadership expectations that exist between established leaders and emerging leaders.  The specific dimension of leadership investigated was the perceived skillset necessary for leading technical teams and leading a research and development organization in 2028.

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!

Monthly Innovation Leader Coffee House
When: February 9, 2021, 11 am – 12 pm 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.
 
Webinar: How Employee Well-Being and Mental Health Drive Organizational Success, Performance, and Culture
Speaker: Dr. Kathy Pike & Dr. Yi Mien Koh
When: Wednesday February 10, 2021, 10:00 am EST
 
How to design and deploy successful mental health programs that drive organizational success, performance and culture is the focus of our webinar. The good news is that tangible, impactful and proven mental health programs and solutions are available to those that are ready to go today.
 
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.
 
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. 
 
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.

Cincinnati consumer goods giant Procter & Gamble has launched a first-of-its-kind smart laundromat in Chicago under its Tide brand. The maker of Tide laundry detergent quietly opened its first Tide Laundromat in Chicago's Rogers Park neighborhood in December as part of a nationwide rollout of the brand. The facility is being touted as the first smart laundromat. It's owned by two Chicago brothers, Tony and Rich Kahan.
 
As an industry leader in sustainable packaging solutions and systems, Sealed Air Corporation is proud to play a role in providing the essential packaging solutions needed to help customers in the fight against COVID-19.
 
John Deere has added four companies to its 2021 Startup Collaborator program. These startups are Nori, NVision Ag, Scanit, and Teleo.
 
The unit provides a projected recycling capacity of more than three tons per hour and will keep more than ten thousand tons of waste out of landfills annually.