2012. október 16., kedd

Innovation Cycle Management (ICM)



We need to reconsider the basic principles and the tasks of intermediaries.
Nagaoka et al.[1] describes some principles which are essential for an intermediary to establish connections with the consumers of the innovative product. The principles are the following:
·         The relations of intermediaries need to be built on cooperation which is not a zero sum game. The interests of both parties need to be satisfied and every project that violates this principle will be unsuccessful.
·         Cooperation has to be fulfilled in a long term and every methods and resources need to be adjusted to this aim.
·         Both researchers and entrepreneurs have to make allowance for their mutual benefits.
·         Higher educational institutes – therefore intermediaries – have social responsibilities. Hence, education and knowledge have to be elemental in their work and their independence has to be assured.
Tasks and working methods of intermediaries also have to be reconsidered. Nagaoka et al.[2] mentions principles of processes in the intermediary organizations which increase the effectiveness:
·         small, flexible and flat organization structure
·         autonomy and independence, breaking down bureaucratic gaps
·         employing well-trained and qualified experts
·         forming groups to implement tasks and sharing the knowledge between groups
·         balance in fluctuation of human resources to assure the share of knowledge and skills
·         working in projects, using feedbacks
·         employing well-trained project management
·         accepting failures
·         concentrating to revolutionary inventions
·         promoting relationships and cooperation
We can also complete this list with one more factor – according to Deem et al.[3] – that is to concentrate to the value of inventions and to the value production. The definition of value contains many risks as the value in an innovation process can be subjective. Participant can have different definition of this value; the invention can be precious for one participant and worthless for an other. Despite value always exists. Therefore intermediaries have to reveal and understand this value to make the innovation process more effective.
Considering the above mentioned principles I elaborated a new working method for intermediary organizations. The method was also based on the Project Cycle Management (PCM) Model of the European Commission. Combining the process of PCM with innovation management methods, I developed the model of Innovation Cycle Management (ICM).
ICM have to be based on the following tasks:
·         collecting and managing ideas and inventions
·         collecting and managing information about resources – human resources, technology, financing possibilities, etc.
·         establishing relations with researchers and research institutes
·         establishing relations with entrepreneurs and marketing organizations
·         fulfilling horizontal tasks like cooperation, amplifying trust, communication and knowledge transfer
Working process of innovation intermediaries can be illustrated as a cycle, a concentric process. Knowledge transfer and learning process are the main elements of this model as cycle means to learn from the experiences of a finished project and build it into the next process.


2. figure: Innovation Cycle Management Model

Resource: own compilation
ICM contains three main sections:
·         tasks of the innovation intermediary organizations
·         tasks of researchers
·         tasks of entrepreneurs
The last two parts contains two projects; the research projects and the marketing project. Research projects concentrate to the production of invention and innovative product, and marketing aims to transfer this product to the consumers.
To describe the tasks of intermediaries we need to focus on the first part of the model, however intermediary organizations have to participate in all the three sections. The above mentioned figure cannot clearly demonstrate the functions and role of intermediaries – e.g. they have an important role in cooperation and communication with the other two parties in all parts of the model so they cannot fulfil their tasks independently. (The dark blue cycle on the figure tries to show this role.) The above model also represents that innovation process is not linear and continual feedback is a main task in the process.
The first section – intermediary section – contains tasks like collecting and managing information and data, managing resources or identifying and selecting prosperous ideas and launching the innovation process. The section of researchers contains a special research or R&D project which can be implemented by the method of project cycle management (PCM). The last section – but not the least due to the cycle – is the part of entrepreneurs who implement product development than introduce the new product into the market. Both part can follow the phases of PCM and marketing can be fulfilled using special marketing methods and assets – like positioning, PR, marketing communication, etc.



[1] Nagaoka, Kondo, Flamm, Wessner, 2009
[2] Nagaoka, Kondo, Flamm, Wessner, 2009
[3] Deem – Hillyard – Reed, 2007

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