How To Practice Innovation Over Leadership to Ensure Business Sustainability?
Industries are evolving with the gaining momentum of innovation and technology trends in the market. Various interdisciplinary technologies adopting widespread innovation are also increasing. Businesses need to adopt the change and promote creativity that must be inspired by the urge to address the growing needs of customers and prospective users.
As we observe the tech-driven markets making strong footprints across the globe, they are also seen getting ready to confront the tough competition in the market. In such a scenario, businesses that promote, drive, and practice intellectual capital (human, intellectual assets, intellectual properties) are here to survive for the long term. Safeguarding intellectual properties is a grueling process nowadays when they become highly exploitable commercial assets fuelling economic and social developments
To ensure the authenticity of your innovative ideas, we need an effective and efficient intellectual property management system in any organization. A system that analyses and leverages patent information to smoothly navigate through the fierce waves of competition as a technological leader.
Being an astute IT professional, I intend to promote global innovation models that thrive on building solutions driven by complete creativity to address the consumers needs. Let me take you through the IDES model designed by me that keeps your innovation and its excellence at par with the best protective systems.
Table of Contents
- Driving The Innovation Revolution. Find Out The Best Practices and How-To Execute it?
- Considering Idea As a Root Of Innovation
- Implementing the Futuristic Idea Management Model Powered By Innovative Strategy
- Summarizing the Entire Patent Prosecution Process With This Diagrammatic Presentation
- Types of Analysis Implemented For Various IT Projects
- IP Process Automation Patent Portfolio management.
- Undertaking Projects That Need Innovation
- Providing the Best of Innovation and Design Excellence Suite (IDES) Services With Excellence
- Innovation and Design Excellence Software Modules
- Relevant Client Experiences and Feedback
- Conclusion
Driving The Innovation Revolution. Find Out The Best Practices and How-To Execute it?
Industries Covered
Innovation models and practices are implemented majorly in the below four industries that bring a larger impact to society and markets.
Service Sector
It covers health care services and consultation entities
Government
It regulates services and creates policies, involves researchers, IP and legal cells
Industry and Corporates
The major are pharma, manufacturing, Aeronautical, Oil and GAS industries.
Educational
The most significant educational programs include Post-graduation, PhD programs, and management programs.
Considering Idea As a Root Of Innovation
Idea management and the process can help your company make innovation a discipline. They can help make the hunt for new possibilities in each and every department’s business, as well as involve broader and more enthusiastic participation among managers and employees.
Once you’re in business you need ideas for design, engineering, manufacturing, marketing, advertising, creative problem solving, customer retention, etc.
“Most companies are not short on new ideas, but they are short on ways to assess, screen, prioritize, and execute those new ideas.”
Implementing the Futuristic Idea Management Model Powered By Innovative Strategy
The corporate innovation machine is a model for understanding how to implement an effective, idea management-based innovation strategy in your organization. When the entire machine does work, it builds ideas, evaluates those ideas and implements the best ideas as new products, services and operational improvements which translate into increased revenues for your firm. Elaborating the brand new stages that we undergo and practicing the model lead to effective results.
As with any machine, the corporate innovation machine comprises several components, all of which must work together for the machine to function properly.
Innovation Stage
This diagram shows idea flow in an integrated enterprise idea management system. Ideas flow through the entire enterprise with people from all divisions contributing and Collaborating on ideas. Good ideas are implemented and people who contribute such good ideas are rewarded.
Setting Up IP Tools to Manage Innovation Process
The below diagram provides an elaborate explanation on how the entire innovation process is managed by the most proficient team experts.
AHP – Analytical Hierarchical Processing
Comparisons are done accurately on the inventions or competitive patents by accessing AHP. It also facilitates generating decision hierarchies and collecting inputs from multiple users for an informed and collective decision-making process.
Trend Mapping and Predictive Analysis
Analyzes current invention or product to predict its innovation potential based on the trends extracted from the study and analysis of the patents in the same or similar technology domains.
Patent Prosecution Management
Tracking the patent instead of its life cycle from the point of filing to the grant and subsequently supporting related activities such as developing a Patent Family, pursuing licensing opportunities, commercialization etc.
Patent Portfolio Management
Manages patent portfolios by business evaluation relevant to the patents based on their valuation, usage, and commercialization potential and enables making the right decisions pertaining to investment, licensing renewal, or abandonment of patents etc.
Invention/Patent Valuation
Valuation assessment of an invention or a patent using multiple criteria including technology, business risk, legal aspects, market potential and financial value supported by tools that compute NPV, IRR, etc.
Annuity Management
Computation services provided for filing and renewal fees for a patent in a given jurisdiction and generates alerts for the annuity fees that are due and generate necessary documentation for processing payments with the respective patent offices.
Summarizing the Entire Patent Prosecution Process With This Diagrammatic Presentation
Besides the above stages, we execute the below process to ensure the protection and implementation of the idea.
- Performing various IP Cell responsibilities and defining the scope of process automation with various combinations ranging from invention disclosure and evaluation, infringement avoidance, and patent prosecution.
- Providing various other services such as internationalization, licensing, prototype, licensing, cross-licensing, etc.
- Brainstorming with the idea bank, managing the idea with powerful group management, discussing forum management, survey management, and personal wall management.
- Preparing various software modules IP Process management at the enterprise level along with a comprehensive process and addressing the minutest requirements.
- Considering the IP Process automation and invention disclosure management helps the scientific community to manage their invention disclosures.
- Ensuring systematic workflow-driven invention reviews and evaluation
- Enable planning and prioritizing funding for prosecution and incentives
- Automate inventive (ID) activity reporting across several scientific communities
- Conducting rigorous analysis ranging in various domains and considering from invention to the final licensing process
Types of Analysis Implemented For Various IT Projects
Invention Analysis and its Importance
- Patent Analysis provides an overview of innovation & methods to track business and technological development
- It is useful for Competitive Technical Intelligence Comparative R&D Activities & Spend Analysis: Portfolio Size, Portfolio Age, Portfolio Strength, Portfolio Maturity
- Mergers & Acquisition
- Targeting
- Due Diligence
- Compatibility
- Valuation
- Research & Development Strategy & Planning
- Prediction of Emerging Technologies
- Exploitation of Existing Technologies (Licensing In, Out, Cross)
- Patent Infringement Suit or Avoidance (~$1 million savings!)
Contradiction Analysis
This process is further divided with various sub-stages ranging from Periodic Action, Flexible Shells with thin films and mechanical vibration. The below steps are considered ensuring accuracy and providing results on time.
Improving Parameter:
Amount of Substance (10):-
The amount of benzene obtained (density of Benzene content) from the aromatic stream
Worsening Parameter:
Other harmful effects acting on the system (40):-
The dioxane contamination of Benzene was increasing beyond the acceptable limit.’
Inventive Principles in Contradiction Matrix:
Principles number – 35, 3, 31, and 33 are applicable to the contradiction matrix, wherein; Principle no. 35 represents transformation, no. 3 represents local quality, no. 31 represents porous materials, and no. 33 represents homogeneity.
Principle 31 is majorly applicable and is elaborated as – Porous: (a) Make an object porous or add porous elements: Molecular sieves are used as adsorbent which attract the dioxane and reduces its content in the aromatic stream.
Future Attribute Analysis (TRIZ)
The below diagram simply helps you understand what functional attributes are.
Besides this process, we can create an IP process automation and patient portfolio management.
IP Process Automation Patent Portfolio management.
To float and manage work with IP Process automation enables a great patent portfolio management. At this point, we provide the following services
- Creating a patent portfolio database searchable for internal use
- Tracking the patent value, revenues, product mapping, costs, and prosecution schedule
- Enabling patent portfolio value with optimization and striving to sustain, retire, invest, abandon etc.
- Automating patent portfolio report generation
The Process Followed:
Opportunity Identification
Investment Idea Generation – Identification and monitoring of key innovations in various sectors
Landscape and Industry Monitoring – Studying market developments, trends, and other variations that can affect technology demand
Assessment
Value Proposition – Analyzing competing technologies/ product solutions
Market and Industry Assessment – Estimating current as well as forecasted market demand
Planning and Development
Patent Valuation – Determine the total potential for a patent based on licensing revenue generation
Business Plan – In depth analysis of market conditions
Marketing
Licensing Program – Analysis of various factors affecting licensing revenues such as patent life, assertion levels
Formulating initiatives for collaborations, joint ventures and partnerships with interested partners
Negotiations and Management of transactions – Preparing licensing agreements, sales agreements and documentations of the transactions including legal and regulatory opinion
Further, the patent strengthening, design around AHP, morphological and functional analysis is done in the manner as follows
Undertaking Projects That Need Innovation
As an established entrepreneur since Sept 2021, I have acquired specialization in patent-based inventive design capability, foresight, and valuation. Me and my team are experts in building IP software embedded with following features and services.
- Invention Disclosure Management
- Patent Design Around
- Patent Valuation
- Patent Portfolio Management
- Analytic Hierarchy Process (AHP)
- Morphological Analysis
- Functional Analysis
Providing the Best of Innovation and Design Excellence Suite (IDES) Services With Excellence
IDES services are provided with an intention to improve the brand credibility, sustainability and business productivity of an organization. After in-depth research and widespread analysis, I created an effective business model named IDES that can help you and your business to bring innovation without hampering the routine business tasks.
The Business Need
Sustainability of a business depends upon the ability of the organization to develop and commercialize its inventions at a rate faster than its competitors. At the same time business expects the innovation process to get more and more certain and predictable in terms of the desired outcomes. The organization needs additional thought instruments and procedures to provoke scientific minds and infuse creativity to foster a generation of ideas that can be converted into intellectual properties. This can be achieved through the systematic adoption of proven problem-solving methods like TRIZ, VE, and FMEA as part of the innovation process. IVAPS helps an organization define its Innovation and Intellectual Property Management Process and automates them on the IDES suite of software products to better serve the sustainability needs of the business.
Our Innovation and Design Excellence Suite (IDES) demonstrates the value and measurable benefits by
Improving the rate of innovation
Increasing the ROI of research and development initiatives
Reducing problem-solving time, associated costs and uncertainty of the innovation process
Promoting Technology Forecasting, Patent Design Around and Intellectual Property Management/Commercialization
Innovation and Design Excellence Software Modules
Invention Disclosure Management
Enables implementation of a process for managing “Invention Disclosures” including the capability to review and assess the inventions in a collaborative manner.
Patent Portfolio Management
Helps manage patent portfolios by evaluating the business relevance of the patents based on their valuation, usage and commercialization potential and enables making the right decisions pertaining to investment, licensing renewal, or abandonment of patents etc.
Patent Prosecution Management
Keeps track of a patent over its life cycle from the point of filing to the grant and subsequently supporting related activities such as developing a “Patent Family”, pursuing licensing opportunities, commercialization etc.
Annuity Management
Computes the filing and renewal fees for a patent in a given jurisdiction and generates alerts for the annuity fees that are due and generates necessary documentation for processing payments with the respective patent offices.
Invention/Patent Valuation
Systematically assess the valuation of an invention or a patent using multiple criteria including technology, business risk, legal aspects, market potential, and financial value supported by tools that compute NPV, IRR, etc.
Contradiction Analysis
Enables scientists and inventors to identify inherent contradictions in the system and design and proactively solves them using contradiction matrix and inventive principles.
Functional Analysis
Enables analysis of the functions of the system at a component level to solve the underlying issues using inventive standards as defined in TRIZ.
Trend Mapping and Predictive Analysis
Analyzes current invention or product to predict its innovation potential based on the trends extracted from the study and analysis of the patents in the same or similar technology domains.
Morphological Analysis
Supports the study and development of design alternatives introducing systematic variations in the design parameters. Also compares these design parameters vis-à-vis competitors or the target customer segments.
Idea Bank
Enables user communities to contribute to the innovation and solution development process by way of sharing ideas in a structured manner. Creates an environment wherein ideas can be assessed, filtered and collated as input to the product design and development team.
Initiative Management
Defines, manages and links research projects and development initiatives to the business strategy. Also helps in monitoring the performance of these initiatives based on the predefined and measurable KPIs.
Knowledge Management and Training Management
Assists organizations in the documentation and dissemination of knowledge within the scientific communities. Helps in managing training programs, blogging and team discussions.
Multi-User Decision Analysis – Analytical Hierarchical Process (AHP)
Systematically compares the inventions or competitive patents using AHP. Supports generating decision hierarchies and collecting inputs from multiple users for an informed and collective decision-making process.
Failure Mode Effect Analysis
Supports identification and prioritization of the failure modes and development of a problem-solving action plan to eliminate all the root causes of the failure modes.
Relevant Client Experiences and Feedback
Client Background | Problem Area | Solution |
Leading Oil & Gas Company | Patent Valuation | Assessed the value of the patent and recommended the commercialization potential over the remaining useful life of the patent leveraging IDES suite of products |
Leading Energy Company | Patent Design Around | Identified various alternative solutions to design around a given patent by applying following methods available in IDES Suite : Contradiction Analysis, Trend Mapping and Functional Analysis |
Leading Automotive Company | Patent Analysis & Inventive Design | Studied patents in Side Under-run Protection Device (SUPD) technology domain and suggested various alternative and inventive designs using IDES Functional and FMEA Analysis Modules |
Conclusion
If you are looking for a suitable partner who can help you recognize, evaluate and implement new ideas into the market, reach me out through a call, email or a message with your relevant details. We shall get back to you immediately.