Celebrating Two Decades of MIT-Driven Innovation

February 2006  

 

new innovations

 


Press Release: Product Genesis to Speak at 4th Annual PDMA/IIR Front End of Innovation Conference

Cambridge, MA, February 26, 2006 - Product Genesis, the premier Strategic Innovation consulting firm, today announced that Charles Brunner, Director at Product Genesis, has been selected to speak at the Fourth Annual PDMA/IIR Front End of Innovation Conference, May 23-25, 2004 in Boston, MA. Mr. Brunner will co- present a case study with Mr. Elias, Diacopoulos, Director of Engineering, at Respironics, Inc., titled "Opportunities at the Intersection: A Case Study on Focusing Innovation Efforts."

According to the PDMA/IIR, "the front end of innovation, or the discovery portion of the innovation process, is a primary source of profitable growth. At this conference, you will discover the latest tools and techniques used by companies to achieve success, so you can in turn dramatically increase the effectiveness of your own company's front end."

Messrs. Diacopoulos and Brunner's paper will address how to identify and analyze likely opportunities and how to develop the next generation platform. Their session will present a case study on how qualitative and semi-quantitative research and first approximation information can be integrated in an analytical structure to identify and qualify likely market opportunities.

Download the Press Release here...


  

Dear Strategic Innovator,

Welcome to the February 2006 issue of Accelerating Success, the Newsletter for Strategic Innovators. In each issue, we try to bring you the latest information on tools, techniques and successes from the application of Strategic Innovation to build value and sustainable competitive advantage in companies like yours.

 

 

 

 

  

Conference Paper Now Available

  

Kevin Otto, Lead Consultant at Product Genesis, and Victor Tang, Ph.D. candidate at MIT's Engineering Systems Division and a researcher at the Center for Innovation in Product Development, presented at the 11th Annual IIR & PDMA Strategic & Operational Portfolio Management Conference, February 27 through March 1, 2006 in Ft. Lauderdale, Florida. Dr. Otto and Mr. Tang joined a select group of speakers, panelists and facilitators.

Dr. Otto's and Mr. Tang's presentation, titled "Establishing Quantitative Economic Value for Product & Service Features: A Method for Customer Case Studies" addressed the following top-of-the- mind questions: Suppose you have developed a new technology. Who wants it? After you identify new market opportunities, how do you determine what features to include? After making initial investments on market and technology research, how do you determine how much continued investment is warranted to expand into adjacent markets? How do you know markets are adjacent for new technology, when the markets do not yet exist?

Download the Paper here...

 

 

 

  

Case Study: Value Genesis: Market Opportunity Scan Discovers Consumer Innovation Opportunities

  

A leading consumer durables manufacturer wanted to boost its modest and unexciting growth by introducing innovative new products using in-house developments and/or available technology. Past plans had yielded spotty or mixed results and the process had been disappointing.

Product Genesis decided to apply its Market Opportunity Scan (MOS), a powerful set of tools whose first group of modules provides a framework to capture a snapshot of "what's really going on here". Because things are constantly changing, a fair degree of skepticism is recommended when revisiting market assumptions.

After the Market Opportunity Scan, the client realized that their assumptions about the market were totally off base. With the market accurately defined and performance characteristics of an innovative product captured, enabling technology, that had already been developed in-house, was identified to support the innovation opportunity. The resulting innovative product line exceeded all expectations in capturing increased market share from the broader competitive field.

Download the Case Study here...

 

 

 

  

Services for Technology Managers

  

Are you challenged with identifying new growth opportunities for your business? Do you need to maximize the value created through your technology investments and intellectual property portfolio?

Opportunity Genesis helps identify new market opportunities for your technology and intellectual property investments. The result is more effective selection, targeting and execution planning for new growth opportunities, and increased return on your innovation investment.

Learn more...

 

 

 


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