In the July 7, 2014 issue of 2PLM, the scope and focus of recent research on R&D Operating Environments, Organic Innovation, Open Innovation, Intellectual Property, and the Top Corporate Metrics used to measure R&D and Product Development was described. The July 21 and August 4 issues addressed industry research findings regarding R&D Operating Environments and corporate practices in Organic R&D Innovation.
In this fourth of the six part series, published on August 25, selected GGI findings on Open R&D Innovation will be discussed. Open Innovation [OI] is the ability of a corporation to invent and innovate using outside sources and resources, excluding the use of contracted personnel to supplement employee-equivalent responsibilities.
Open Innovation is a two way street. GGI coined “Inbound Open Innovation” and “Outbound Open Innovation” to segment the research. If a company looks to make its capabilities available to other companies that may have an interest, that is Outbound. If a company is looking to acquire innovation to supplement its own Organic R&D Innovation capabilities, or perhaps to repackage and sell acquired innovation, that is Inbound. This article focuses on Inbound OI.
Five Inbound OI areas were researched: Importance of OI, Financial Tracking of OI, Financial Results from OI, Corporate OI Approaches To Acquire Capabilities, and Processes Used To Manage OI. Over 95% of all respondent companies provided answers to these research areas. That, in itself, is an indication that this evolving body of knowledge is likely to have staying power in the years ahead.
This article may be found at:
The pages at which 2PLM is published are:
2PLM is a bi-monthly publication by John Stark Associates [JSA], based in Switzerland. JSA is focused on the body of knowledge of “Closed Loop Lifecycle Management (CL2M).” JSA and GGI have collaborated on various projects spanning three decades, including GGI’s primary research initiatives.
The six GGI primary research initiatives during the the past fifteen years may be found at GGI’s Primary Research site.
The 2014 primary research, entitled the “2014 Product Development Metrics Survey”, was conducted by sending questionnaires to a wide range of companies developing products throughout North America. Participating companies had headquarters throughout the Americas, Europe, and Asia, but their response was for North American R&D-Product Development operations. Complete data sets were received from 200 companies. Consumer, industrial, medical, chemical, and automotive/vehicular products were the top respondent industries. Participants completed 31 questions across the five primary research subjects. The research period was September 2012 to October 2013. The results were published March 3, 2014 in a 138-page report. This research is statistically valid and provides a Margin Of Error for each research question.