Design of Innovation Processes: Flow from Idea to Market Launch with Higher Speed and Value, Time after Time

Design of Innovation Processes: Flow from Idea to Market Launch with Higher Speed and Value, Time after Time introduces the concept of seeing innovation as a type of process manufacturing operation and offers a coherent set of principles that will accelerate innovation in the chemical process industries. The book provides actionable practices for innovating chemically related products and services faster and with higher value. The author, Dr. Darrell Velegol, Distinguished Professor of Chemical Engineering at Penn State University, sees ineffective innovation processes as the reason why chemical process industries are growing less than industries like digitech. In the book he shows that by coordinating an Integrated Innovation Team (IIT) consisting of R&D, marketing, manufacturing, regulatory, toxicology, analytical, legal, finance, VP-level leadership, sustainability, and other functions, you and your company have the possibility to increase your innovation throughput, resulting in dramatic increases in the profits to your company. Explains in detail how to form Integrated Innovation Teams (IIT) Helps to identify bottlenecks where your innovation process might be stalling out Suggests Valuable Questions and Multiple Hypotheses (VQs and MHs) that help you to ask clear questions and test against clearly stated hypotheses INDICE: 1. Overview. A day in the life of innovation transformation PROBLEM AND PROMISE 2. Growth is slow in the CPI. Dow 30, pharma IRR PHILOSOPHY AND PROCESSES 5. Central philosophy is innovation as type of process manufacturing 6. Products of manufacturing. Innovation comes from FVoC, IIT, VQs-MHs 7. PFD of Innovation Processes. Explanation of essential pieces 8. Common bottlenecks in your process PRACTICES 9. FVoC. Jobs to be done. How far ahead? Surviving Amazon 10. IIT. How to plant, grow, and nurture your Integrated Innovation Team 11. Ideation. Methods for generating ideas for the FVoC 11. VQs-MHs. Asking Valuable Questions, creating Multiple Hypotheses to evaluate risks 13. Goal setting. Vectorization requires fewer projects in the portfolio. Analysis of lag times 14. Valuation. Using Delphi method for valuating future projects. Assessing value for R&D and by function 15. Deliberate learning. Importance, sources, experts 16. Adaptive Execution. Best methods in project management. Include Goldratt, Scrum 17. Monday morning. Places to start APPENDICES Appendix A. NYU-Stern Cost of Capital (CoC). Appendix B. Investment equation for optimal innovation investment. Schott paper. Analysis of industries Appendix C. Knowlecular perspective. Include trust as a knowlecular concept Appendix D. Dow-30 over the decades

• ISBN: 978-0-323-90465-0
• Editorial: Elsevier
• Encuadernacion: Rústica
• Páginas: 342
• Fecha Publicación: 01/08/2023
• Nº Volúmenes: 1
• Idioma: Inglés