Award-winning Article Explores the Practice of Business Model Innovation at Goodyear
Chicago, IL (October 20, 2015)–Capturing and distilling lessons learned from the management of complex business ecosystems, like new product development, is no easy task. To honor the men and women who take the time out of their busy schedules to lay out their key findings in managing such ecosystems, the Industrial Research Institute (IRI) presents the Maurice Holland Award to the individual or individuals who published the best paper in their official journal, Research-Technology Management (RTM), the year before. This afternoon, Abhijit Ganguly, Manager of Business Model Innovation at Goodyear, and Jim Euchner, Vice President of Global Innovation at Goodyear, were recognized with the 2015 Holland Award for their article, “Business Model Innovation in Practice.”
“Business model innovation is discussed at length wherever we, as business leaders, turn,” said Tom Kavassalis, IRI Board Chairman and Vice President of Strategy and Alliances at the Xerox Innovation Group. “What makes this paper remarkable is its straight-forward practicality and the way it clearly explains what exactly business model innovation is; something that is occasionally lost, or forgotten, in our discussions.”
The article was selected according to the criteria of significance to the field of R&D, technology, and innovation management; originality of new management concepts; and excellence in clarity of presentation. In their article, Ganguly and Euchner explore systematic approaches to developing new business models and identify concrete steps to reducing the risks associated with them. It draws on existing literature as well as their experience developing and implementing new business models at Goodyear.
Ganguly delivered acceptance remarks during an awards lunch at the 2015 IRI Member Summit at the JW Marriott in Chicago, IL, this afternoon. The awards ceremony for the Maurice Holland Award is typically held at this annual Summit hosted by IRI. This year, approximately 350 of the nation’s R&D and innovation thought leaders gathered to talk about agile growth strategies. Participants heard from industry experts on the drivers and trends behind the rising emphasis on agile growth strategies, as well as the opportunity to exchange success stories and challenges with fellow members from organizations like Lockheed Martin, ADM, Unisys, Goodyear, Mars, Xerox, NASA, Elevance Renewable Sciences, Kimberly-Clark, Cargill, and many more.
For a copy of the award-winning article, “Business Model Innovation in Practice,” contact Michele Taussig at (703) 647-2588.
About the Industrial Research Institute
The Industrial Research Institute (IRI) is an organization of 200+ industrial and service companies having a common interest in the effective management of technological innovation. IRI member companies span diverse industries and represent a substantial portion of our nation’s gross domestic product. IRI is the only cross-industry organization creating innovation leadership solutions and best practices in innovation management developed through collaborative knowledge creation. For more information, call 703-647-2580 or visit www.iriweb.org.
About Research-Technology Management
Research-Technology Management (RTM) is IRI’s award-winning, bi-monthly journal focused on the practice of innovation. Since 1958, RTM has published peer-reviewed articles that map the cutting edge in R&D management, illustrate how management theory can be applied to real situations, and give leaders of research, development, and engineering the tools to promote innovation throughout their organizations. For more information, visit www.iriweb.org/rtm.