RTM - A New IRI for the Future of Innovation

Five years ago, IRI celebrated its 75th anniversary by looking back over the accomplishments of the Institute and its members and envisioning what the next 75 years will bring. While much has changed in the field of innovation management over IRI’s lifespan, these shifts are modest compared to those that are coming. IRI is no stranger to change; in fact, we champion it by facilitating the incredible innovation endeavors of our members and by making smart pivots as an organization.

Through the decades, our organization has kept a steadfast focus on creating value that keeps pace with the continuously evolving needs of our members. The IRI of the 20th century focused on the leader of the central R&D laboratory; while the company was the unit of membership, our programs and services were geared toward providing value to the Chief Technology Officer. This value centered on the relationships developed at semiannual meetings held at top-tier venues. As R&D has become more distributed, IRI has evolved along with it, creating new ways to serve the new value creation units emerging in member companies. These new avenues included our networks, more open online content, and an increase in the number of complimentary registrations included with organizational memberships, to encourage broader participation in our network and ROR programs.

Now, our brand and the experience we offer need to catch up with that evolution, to communicate a cohesive vision that is relevant to the times and strategically mapped to how companies will realize growth into the 21st century. As we prepare to lead into the future, we know that the functions we support are more often referred to as innovation than as R&D—a permanent change that is more than semantic. Furthermore, the term industrial research, the core of our name, is anachronistic, belying our forward-thinking approach and creating a barrier to the organization’s adoption by “new economy” industries. For these reasons, the Industrial Research Institute is repositioning itself in the market with a new name: the Innovation Research Interchange. This change reflects our new value proposition, better defines the unique collaborative experiences we foster, and aligns with how our members achieve growth.
 

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Volume 60, Issue 6, November-December 2017
Point of View