How Did You Come Up With That?
Innovation Best Practices Study in North American Manufacturing Companies
STLE 2022 Annual Meeting Technical Presentation - Orlando, Florida USA
CONTROL ID: 3669361 PRESENTATION TYPE: Oral
CURRENT TOPIC: Metalworking Fluids Forum 1
Monday 16-May-2022 4:30 pm
TITLE: How Did You Come Up With That? A Comparison Study of the Different Innovation Methods Between Large Corporations and Small & Medium Sized Enterprises (SME).
Schnellbacher, Dr. E. Jon
R&D, Formulas & Solutions, LLC, Allen Park, MI, United States.
ABSTRACT BODY:
Body: Metalworking fluid formulation traditionally happened in small & medium sized enterprises although recently though mergers and acquisitions has become common in larger corporations. This presentation discusses how the R&D strategies may be applied to companies according to available resources.There is a basic structure difference between large corporations with greater resources and differentiation and small to medium size enterprise (SME's ) with less than 500 employees. Do they create products the same way? The North American Chemical Manufacturers Best Practices Study (NACM-BPS) indicates otherwise. SME companies have smaller R&D staffs that fill different roles including both technical service and product development. Furthermore, they also tend to have fewer resources limiting their ability to do more innovative and radical innovation. This presentation discusses challenges and strategies between different size companies adopting the best innovation practices.
Appreciative Innovation®
Appreciative Innovation: A Positive Approach to New Product Development Success
2022 STLE Annual Meeting - Orlando Florida USA
CONTROL ID: 3742393 PRESENTATION TYPE: Oral
Commercial Marketing Forum 4 Tuesday, 17-May-2022 5:00 pm
TITLE: Appreciative Innovation: A Positive Approach to New Product Development Success
Formulas & Solutions LLC;
Allen Park, Michigan USA
Dr. E Jon Schnellbacher
ABSTRACT BODY:
No two individuals are the same -- since companies are made up of many different individuals -- it stands to reason that each organization will also have its own characteristics and even culture. When a company recognizes its unique resources and strengths, it is now possesses a competitive advantage. By matching their positive strengths with opportunities presented by current/potential customers, competitors, technologies, processes, associates and stakeholders -- a company is able to create solutions and pathways to success. This talk presents Appreciative Innovation® as a framework for that pathway to success.
Appreciative Innovation is a strength-based approach which utilizes the following characteristics: a) early shareholder inclusion b) projects should strategically balance projects, innovation level, and available resources; c) innovation projects should be aligned with organizational vision, mission, & goals; d) the organizational culture, climate, and spirituality are inspired by leadership's involvement; e) performance metrics need to match with clearly defined projects; and, e) other points discussed in the talk which encourage innovation.
Appreciative Innovation provides the necessary tools & techniques to assess your organization’s unique strengths. These tools match a company’s best opportunities with available resources to consistently produce successful results; these results provide customers with better new products and services to meet their needs. STLE 2022 Annual Meeting Technical Presentation - Orlando, Florida USA
