Weekly Member Update - Monday, January 4, 2021

The guiding principle for IRI in 2021, we will be operating as a virtual organization. We will deliver exceptional value, including networking, research, and content development and distribution virtually. To do so and to inform our community as early as possible, we have developed a calendar of events for the year. Let us know what you want to hear about as we continue to plan the content for 2021. 

IRI’s driver of best and next practices in innovation management, Research on Research (ROR), turns 50 this year.  To celebrate 50 years of groundbreaking research, we will be featuring content and testimonials from ROR’s 50 years each week.
R&D Portfolio Evaluation
From 1995 - 97, a subcommittee worked to consider algorithms for choosing an optimum portfolio of R&D projects under different business circumstances. In cooperation with McMaster University, a series of interviews was conducted in several member companies to develop a new portfolio-management process, described in two RTM articles.  Further work in cooperation with the Product Management and Development Association (PDMA) resulted in a set of "anchored scales" for measuring technical and commercial risk in R&D portfolios. 

IRI's PILOT Funding Scheme: Interested in working with IRI members to tackle key challenges?  Apply for up to $3,000 through IRI's PILOT Funding Scheme.  IRI’s goal for this initiative is to get SMEs working with our members on well thought out, organized projects that will address the top challenges our members face.  The deadline for applications for 2021 is January 22.  Please contact Lee Green for more information.

Register for our upcoming webinars & events!

Webinar: New Innovation Metrics to Drive Your B2B Growth
Speaker: Dan Adams (The AIM Institute) 
When: Wednesday, January 6, 2021, 11 am - 12:00 pm 
A popular innovation metric today is the Vitality Index: % of sales from new products. But it’s a lagging indicator. Changes you make to your front-end of innovation could take years to register significant revenue. This is like turning up your thermostat and having the furnace come on next week. Join Dan Adams, founder of AIM, as he offers two new innovation metrics, the Growth Driver Index and the Commercial Confidence Index. They help you build growth capabilities and understand customer needs, respectively. Both satisfy 4 key tests: leading, actionable, benchmarkable, and impactful.
Quality Horizon 2 decision-making governance structures
When: Wednesday, January 13, 2021, 1:00 pm
One of the key insights to Horizon 2 success is the concept of a governance structure that guides sound decision-making along the journey of Horizon 2 opportunities, i.e. an opportunity governance roadmap. Governance is the institutional fabric required for viable opportunity decision-making, and the roadmap directs the flow of differing opportunities through the development process. We are especially pleased to have Dr. Niamh O’Reilly from as a guest presenter. Dr. O’Reilly is one of the founding members of innovation management infrastructure at the Henkel AG & Co. (Adhesives) and over the years has held various positions in Project, Program and now Portfolio Management. Henkel’s research thrives on agility and innovation that is organized and embraced in a well-documented, structured governance process for managing opportunities. She will share some insights and learnings.
To receive a calendar invitation for this session, please email Lee Green.
IRI and Babson College Research Roundtable:  R&D in the New Normal
When: Tuesday, January 19, 2021, 12:00 pm  
IRI and Babson College are teaming up to do a long term study on the ‘new normal’ for R&D.  We will begin a series of quarterly roundtables to learn how your industry peers are being impacted by and addressing these topics over time.  In this first roundtable, we will hone our topics to ensure that they are covering the areas with the greatest impact on how your organization approaches R&D.
Accelerating Happy Accidents:  How to Increase Serendipity & Innovation
Speaker:  Kent A. Greenes, Founder & President, Greenes Consulting
When:  Wednesday, February 3, 2021, 11:00 am
Isolation and limited interaction in the workspace are not only impacting us socially. They are exacting a heavy toll on the role serendipity has in knowledge sharing and creation. In this webinar, Kent Greenes will share his learning and insights on ways to increase serendipity through cultural, procedural and technical enablers that have been the cornerstone of Knowledge management since its beginnings in the workplace.
Kent will use examples, stories and questions to prompt a dialogue that leverages the experience of the participants as well as his own. Please join us for a highly interactive session.

LG Chem has recently purchased a series of new drug technologies from South Korean bio companies, as part of an effort to seek a new growth engine after it split-off of its battery business.
John Deere Power Systems and DEUTZ have announced plans to jointly develop and source components for a low horsepower range engine up to 130kW. Working together, the parties will be able to close a gap in the market by developing an engine that provides customers additional and exceptional value upon initial purchase while retaining the reliability, versatility, and performance they’ve come to expect from John Deere and DEUTZ engines.
Xerox announced a suite of production print innovations including new presses, technology enhancements for existing printers as well as artificial intelligence and automation features that aid speed and productivity.
Sealed Air has developed the world’s first food-grade soft plastic film containing Certified Circular Resins (CCR), as it continues to strive towards creating 100% recyclable or reusable packaging solutions by 2025.