Is your Innovation Blossoming?
Oct19

Is your Innovation Blossoming?

Seeing as innovation is an essential element for an organization to survive and succeed, most organizations spend a considerable amount of time, money and effort on making sure that they are innovative. Organizations would not go through all of this trouble without expecting a return, so there has to be a way to measure the outcomes of your innovation efforts to establish whether what you’re doing is working or if you should try something else. Luckily, measuring your success rate with innovation can be done in several different ways and can give you the full picture on how well your innovation efforts are impacting your business. Quantitative measurements: power in numbers Numbers are a straightforward and emphasized way to demonstrate the effect of innovation on a company.  Publicly listed companies are often heavily influenced by innovation; for proof, just look at the spike in Apple’s stock prices when a new innovation is announced.  There is a lot of speculation around stock prices which is why listed companies are so eager to be innovative or be perceived as innovative.  Other quantitative measures include return on investment and profits; however, there is a key performance indicator developed by the Balance Scorecard Institute that provides a measure for a successful innovation effect which isn’t so heavily based on the financial end game as it can be applied at any stage of the product life cycle. Called the Return on Product Development Expense (RoPDE™), this indicator measures the performance of product/service innovation and development by incorporating the common factors of innovation (increased number and quality of good ideas, increased efficiency in the implementation of good ideas and improved overall success from the implementation of good ideas). RoPDE™ is calculated by subtracting product development expense (PDE) from gross margin (GM) and dividing the total by product development expense (PDE): RoPDE™ = (GM-PDE)/PDE Quantitative indicators are able to give you the hard data on your innovation efforts, so I suggest that you choose the ones that measure the particular aspects of innovation that matter the most to you and include that in your analysis of whether your innovation efforts are paying off. Qualitative measurements: public opinion Of course, numbers can only tell a part of the story; qualitative measurements can give you the juicy information behind the data.  Qualitative research methods such as surveys and focus group discussions can give an in-depth picture of how your innovation efforts are paying off, but a cheaper and less complicated way to accomplish the same goal is through social media.  Thanks to the readiness of the public to give their opinion on something in an instant, there will...

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ABM Case Study Competition Round 1 Complete
Oct18

ABM Case Study Competition Round 1 Complete

The SEAS’ advisory board is happy to announce Round 1 winners in the Acme Building Materials (ABM) Case Study Competition.  Click here to access the Original Case Study post. Over the past several months we looked for the most active participants and those committed to work on the case study as thought leaders.  Today we are happy to announce the completion of Round 1 of our competition and the selection of the following individuals as “Lead Consultants“: Ahsan Rauf, Strategy & Enterprise Architecture Ajwad Adeel, Strategy & Performance Iyad Hindi, Enterprise Architecture Dima Khatib, Change Management Raheela Babar, Change Management Jayme Johnson, Change Management In addition, the following SEAS’ advisory board members will play roles in the Consulting Engagement simulation: Regine Deleu, Acme Building Material Board Member (To provide responses and guidance to the consulting team) Fadi Hindi, Engagement Partner (To guide the analysis, roadmap development, and offer guidance with strategy/frameworks) **Note: The SEAS’ case study is a Consulting Engagement Simulation without any commercials or financial/non-financial compensation to participants.  Individuals are participating in the case study as an academic exercise to further their knowledge and careers by subscribing to SEAS’ fundamental belief in knowledge sharing and career growth.  See our Mission & Values on the main home page for details.  ...

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Can you be Methodical about Innovation…
Jun11

Can you be Methodical about Innovation…

What is the most common word that people use to describe successful companies?  Most likely, the word that you’ll hear again and again is ‘innovation’. In this advanced and competitive business environment, innovation (defined as ‘the introduction of something new to an existing idea, product or service) can quite possibly make or break companies. Maybe what I’m about to say is ironic given that we’re speaking of innovation and I’m not putting forth anything new, but in order to be successful in today’s world, you’ve got to be innovative.  We all hear it, we all know it, but how many of us know how to go about it? How does one bring on innovation? Is there a particular method or does it occur on an ad hoc basis? It’s actually hard to say – there are a number of individuals and businesses that swear by an innovation method, but it’s just as common for individuals to wake up with a great ideas and figure out ways to make them happen. Read the two differing cases to see how innovation can occur in very different ways. Case 1: Following an innovation Method: Proctor & Gamble With P&G’s large product portfolio and their worldwide reach, it’s a no brainer that they occupy the 24th spot in Forbes’ list of the World’s Most Innovative Companies of 2012. For one particular and well known product, P&G had the help of Continuum, a global innovation and design company, to come up with a revolutionary way to clean your floor.  Continuum’s Phase Zero process (which was also behind the creation of the Reebok Pump and is now an integral part of the company’s strategy) involves understanding the context behind the product they are tasked to innovate using deep-level design thinking. Thanks to the innovation method of Phase Zero, we no longer have to waste precious time cleaning our mops because we have P&G’s Swiffer. Case 2: Ad hoc innovation: 3M and the Post-It note When you want to make sure that you don’t forget something, what do you do?  Easy; write it on a Post-It note! Even as people move into the digital age, Post-It notes have demonstrated their staying power with computerized and tablet versions. Let’s face it, a yellow Post-It note is a simple yet effective way to make us remember things. The creation of the Post-It is actually serendipitous. Art Fry, a scientist from the American multinational conglomerate 3M, was singing in his church choir when he became frustrated that the piece of scrap paper that he was using as a bookmark for his hymn book kept falling out. After experimenting with...

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ABM Manufacturing Business Case Competition
May15

ABM Manufacturing Business Case Competition

Acme Building Materials (ABM) Manufacturing is the first Business Case Competition sponsored by the Strategy & Enterprise Architecture Society (SEAS).  The SEAS’ Advisory Board is excited to bring this case study to all members and to run the competition to inspire thought leadership and generate great ideas to solve ABM’s ailments. Why should you participate? The ultimate prize will be a professionally produced publication crediting the finalists on Apple’s iBookstore.  This publication will be made available for free download and all the costs associated with its publication will be borne by SEAS. Why is SEAS doing this? This initiative enable SEAS to execute on its primary objectives: Improve members’ knowledge and careers.  The intellectual exchange to solve the business case and professional networks that result from the exchange are two fundamental components that help our members grow professionally. How do I get the Case Study? You can download your FREE copy of the case study here. How do I participate? All the Guidelines required for you to participate are available in the Case Study.  And you will also need to join the subgroup “SEAS – Business Case Competition” click here to go to the subgroup. We wish you the best of luck with the competition. The SEAS’ Advisory Board...

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ID World Americas Awards extended to SEAS’ Members
May08

ID World Americas Awards extended to SEAS’ Members

The Strategy & Enterprise Architecture Society is excited to work with Wise Media and extend the ID WORLD Americas Awards nomination to society members.  As part of our focus on improving members’ professional network and careers we look for opportunities to help expose our members to different awards around the globe. SEAS’ leadership team encourages all members in the Americas working in Innovation and Strategy related to ID/Wireless technology to submit for this prestigous award.  Following are the details from Wise Media: ID WORLD Americas Awards (September 27th), on the occasion of ID WORLD Rio de Janeiro (September 26-27) Nominations are being accepted for the ID People Americas Awards 2013, the prestigious recognition of the important contribution made by the thought leaders, innovators and pioneering adopters that drive the development of auto ID and wireless technology in the North, Central and South American region. The ID PEOPLE Americas Awards are presented each year by ID People Magazine, one of the ID Community Publications, which are the official media of ID WORLD Rio de Janeiro. The awards are assigned to outstanding members of the ID Revolution Community from the North, Central and South American region who have distinguished themselves during the last 12 months in the areas of citizen ID, transportation security and asset tracking, as well as developments in postal innovation and identity and tracking solutions in healthcare. Nominate your candidate online by June 3, 2013: http://www.id-world-magazine.com/form/?page_id=44 We invite you to save the date in your agenda, so you can join us to honor this year’s winners at the ID PEOPLE Americas Awards ceremony on September 27, 2013 at 18:00 in the conference hall at the Windsor Atlântica Hotel. Participation is open to all. We look forward to seeing you there. ID People Awards Team On...

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