The Hidden Value of an IP Portfolio – Just ask Dell
April 8, 2013
Value creation is the performance of actions that increase the worth of goods, services and businesses. It benefits customers, who receive improved products and services, as well as shareholders of the company who wish to see their stake appreciate over time. How does a company create and maintain value? Through innovation processes that build a portfolio of patented intellectual property. A company’s value is not only measured by its annual revenue, but also by the worth of its IP portfolio. In the... Read more »
Innovation Balancing Act
November 12, 2012
r On June 15th of this year, Nik Wallenda became the first person ever to walk across the roaring Niagra Falls on a 2-inch wire. After battling wind swells, and thick mist, Wallenda completed his walk crossing from the United States into Canada. He was greeted by a Canadian customs agent who asked, “What is the purpose of your trip sir?” Wallenda’s response: “To inspire people around the world to follow their dreams and never give up”. There are many possible roads to innovation.... Read more »
New Intellectual Property Exchange Streamlines Patent Trading
July 10, 2012
In the research and development industry where innovations build on top of other innovations, obtaining patents to protect intellectual property is of the utmost importance. It is critical to ensure that patents being are utilized, especially within big corporations like IBM or organizations like the Unites States Navy. Not only do patents protect newly developed products or processes, they contribute to unrealized value creation, or assets that can be explored and sold. The latest development besides one... Read more »
Value Proposition: The Key to Successful Innovation
April 4, 2011
What defines successful Innovation? Innovation is the process of using intellectual capital to create new products or services that generate positive business results in the form of financial returns. Discovering new findings then spurs more innovation which leads to further financial returns, and so on. Innovation is successful when positive outcomes result in return on investment (ROI). That is why Value Creation is so important. Adding perceived value to a new product or service will drive ROI. The value... Read more »
The Ethanol Myth and Innovation Gone Amok: Some ‘Improvements’ Demand Serious Questions
March 7, 2011
Next time you fill up at the pump, check for a new sticker: “Contains up to 10% Ethanol.” It represents “innovative” efforts by Big Oil, Big Agriculture and Big Government to make a dent in America’s consumption of greenhouse-gas producing fossil fuels – and foster a move toward renewable, green energy. Transforming corn into ethanol for use our vehicles was sold as a win-win. We boost business for farmers and create energy independence (at up to 10% of each fill-up at a... Read more »
Innovate to Thrive: Time to Open the Throttle
October 17, 2010
As leaders search for the next process that will transform their organizations into category leaders, for many – it seems – the answer is close at hand: Innovation. Over the past several weeks and 10 posts on the Vistage Blog , we’ve reviewed key imperatives that formed “Robert’s Rules of Innovation” and that together create the foundation upon which to build, improve, sustain and grow an organization’s innovation mandate. Consider this the closing chapter in an 11-step... Read more »
Net Rewards
September 5, 2010
Innovation is ultimately about return on investment at the end of the New Product Development process. With the success of a new product launch, everyone benefits – from shareholders and company employees to the consumers. Innovation done well reaps market share gain, new products and new features. Essentially, everyone wins. The last imperative of Robert’s Rules of Innovation is Net Results, Net Reward, meaning recognizing the people who contributed to the development of a new product. It’s... Read more »
Redefining Innovation’s True Reward: Amassing Intellectual Property and Value Creation
July 26, 2010
What is the ultimate goal of process-driven innovation? Open a bottle of Coca-Cola – and read its performance reports – to get a true taste of the answer. In 1980, the Coca-Cola Company was struggling, and its market share was underperforming compared to its competitors. So at a worldwide management conference in 1981, CEO Roberto Críspulo Goizueta decided to refocus the entire organization on putting value creation first. The company refined its marketing investment, expanded into new markets,... Read more »
Toyota Recall Highlights: Innovation gone too far?
March 3, 2010
Once upon a time, to start your Toyota Camry, you placed a key in the ignition and turned until the electrical connection was made and engine started. To accelerate, you pressed the gas pedal, which pulled a cable attached to a mechanical throttle. Assuming the shift had been manually placed into gear – the car moved. Today, electronics and computers have replaced many of the mechanical parts that once made cars move. To start many cars or place them in gear, buttons are pushed. To accelerate, the gas pedal... Read more »
Innovation Evolution
