Lean Innovation™
Practical Open Innovation
What is Lean Innovation? Lean Innovation is a practical, real-world open innovation system that maximises effectiveness and minimises waste. The goal is to strike the optimum blend and balance of internal and external innovation.
Who needs to know about Lean Innovation? Senior managers, particularly CEO’s and “Chief Innovation Officers”, are directly driving the lean innovation imperative in the most successful companies.
How can Lean Innovation help us? Most companies are under mounting pressure to increase innovation with smaller R&D budgets and to accelerate the commercialisation of those innovations into profitable products and services. Looking outside for innovation is a logical step to capture useful technology that may be created by third parties and may help reduce internal R&D costs. However, moving to an open innovation model presents a variety of challenges for most organisations, such as deciding which projects to pursue internally verses externally, overcoming company cultural barriers, developing external networks and managing the mix of inside and outside projects effectively. The Lean Innovation process addresses these needs directly and provides a practical framework for success.
Why Isis Innovation? Isis Innovation has been helping private and public sector organizations successfully evaluate and develop outside technology for over twenty years. Isis has established itself as a global leader in innovation consultancy in a variety of fields including bio-medical, pharmaceuticals, chemicals, renewable energy, computers, electronics, semiconductors, software, heavy industry, environmental engineering and consumer products.
Connecting with the right external sources of technology and properly managing an open innovation business model is essential for the continued success of many companies. This involves not just acquisition of technology from the outside, but also finding new markets and applications for your existing IP. Isis has developed wide reaching global technology and business networks which we apply to help you implement a successful innovation plan. Our accumulated expertise in open innovation, backed by the extensive technical and business resources of the University of Oxford, sets us in a unique position to assess and provide practical guidance on comprehensive innovation strategies for our clients.
What is the Lean Innovation process? The Lean Innovation consulting process begins with exploring your business to identify strengths and opportunities within your current innovation process and business model. Isis will then work closely with you to develop and fully implement an optimised, custom innovation strategy and plan, including the right goals and internal procedures. A key part of the value we bring is access to our extensive networks to find new markets for existing products, identify external technology to licence and evaluate acquisitions. The next step in the lean implementation is training, developing and coaching of your staff in the practice of Lean Innovation. In the final phase, Isis will guide the development of an ongoing assessment process, creating metrics for tracking your success and assuring continuous improvement.
Is Lean Innovation right for your business? Do you want to take greater advantage of external sources of technology and maximize the effectiveness of your innovation strategy but may be yet to develop some of the internal structure and processes to move forward at a faster pace? Isis may be the solution. As a knowledgeable and independent advisor, we can help you accelerate your rate of innovation and ease the transition to a smooth, open structure and company culture.
Lean Innovation: Practical Open Innovation.
For more information, please contact:
Chris Moody, Lean Innovation Leader, Isis Enterprise
T: +44 (0) 1865 280905
E: chris.moody@isis.ox.ac.uk