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Quickly assessing a mass of diverse and sometimes misleading information, such as that presented by the COVID-19 crisis is exactly what many R&D managers have to do, writes Steve Bone. Fortunately, there are tools that can help those that need to be instant experts.
“The Good Doctor” prescribes that physicians are meant to be clinicians, teachers, and researchers. However, the digital revolution of the last few decades has dramatically changed the role and expectations
It is confirmed that the 2020 R&D Management Symposium “Invention to Innovation: Creating the Conditions for Impact” is to be virtual and free to participate.
Air Products’ approach to open innovation was to identifying and prioritising the key technical needs and use a toolbox of approaches to accelerate solutions,however the move from inhouse to open innovation was not without its challenges.
Like so many meetings, the IfM’s Open Innovation Forum’s March workshop, was hastily reconvened into a virtual event due to the coronavirus crisis. Co-organiser Dominic Oughton, discusses some of the learning points.
“My research provides a Growth Investment Matrix to support business growth through Corporate Venture Capital (CVC) assessing where the linkages are deliberate or to align emergent strategy,” says Dayo Abinusawa of the AWA Business School, he has been supported by RADMA.
Paul Germeraad identifies the trends are profoundly affecting product development: “These are creating entirely new avenues for achieving business success. Speed of execution is bottom line. A company’s ability to stay in business is dependent upon its flexibility to adapt to these new trends and execute its strategy faster than its competition”
Analysis indicated that R&D leaders tend to excel in technical insight, global awareness and the ability to foster an innovative environment and culture. But often fell short on some people management skills, such as managing conflict and addressing incompetence.
“‘Plans are only good intentions unless they immediately degenerate into hard work’ Peter Druker is quoted as saying but I have found that in many cases, intentions cannot materialise into actual behaviour,” says Tung Dao, a PhD Research Student at Nottingham Trent University who has been helped by a RADMA grant.
To improve the success rate of its business development initiatives DuPont developed a comprehensive framework to help its business leadership and development teams successfully navigate their way through new business development (NBD).
It may be time to re-think the notion of a C-suite Chief Technology Officer, says Roger Smith, President of Modelbenders LLC. He proposes instead taking a model from the military and introducing field CTO within the business units.
To enhance technological innovation, Procter & Gamble has undertaken a variety of activities designed to create connections, Dr Nabil Y. Sakkab, Senior Vice President at Procter & Gamble, describes how connections – both internal and external – are of increasing importance to innovation and business growth at the company.
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R&D Today is the outreach site for the Research and Development Management Association, a charitable organisation that supports research, best practice and innovation. www.radma.net
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