VMEC: Vermont Manufacturing Extension Center: Resource for Vermont Manufacturers | Profitable Growth and Innovation Engineering

Profitable Growth and Innovation Engineering

For specific information on Products and Services we offer under our Profitable Growth and Innovation Engineering area, please click here to view our many valuable offerings.

WHY INNOVATION?

Meaningfully unique products and services make more money. Period. If you want to get out of commodity market prison and sell on value, then you need to innovate and offer more meaningfully unique services and products to your customers. A Georgia Tech Study found that businesses with a primary strategy of innovation have double the profit margin of those with a primary strategy of low cost.

In the past Innovation was SLOW and RISKY. Today, there is a system that increases innovation speed while decreasing risk. The Innovation Engineering Management System is a proven system of tools developed through scientific inquiry – grounded in hard data and proven reliable in real world application. Over the past 25 years, this system and the tools that make up the system were only available to the big companies – Nike, Hewlett Packard, Walt Disney, Procter & Gamble, Slumberger and Ford Motor Company. Now, thanks to the US Department of Commerce’s NIST/MEP Network, it’s available to all companies. Innovation Engineering is a proven system that transforms innovation from a random event into a reliable, scientific system for accelerating profitable Products and Services, Customers and Markets, Processes and Business models.

RESULTS OF IMPLEMENTING INNOVATION ENGINEERING

The Innovation Engineering Management System will bring you and your enterprise the following results:

              1) A SYSTEM that increases Innovation Speed and Decreases Risk This is accomplished through teaching and installing a proven and reliable system for how your organization creates, communicates and commercializes ideas. The system focus builds confidence. Research shows that confidence in your innovation system is the #1 driver of company profitability.

               2) A Quantified Pipeline of Innovations You will develop a quantified pipeline of innovations starting with the acceleration of existing ideas and moving to the definition and discovery of new ideas that address your Very Important Problems and Very Important Opportunities.

              3) Transform Cultural Attitudes Towards Innovation You will transform your employees cultural attitudes, acceptance and proactive involvement with innovation. The System is goof proof and has tools and systems that enable every employee to think smarter and more creatively about Innovation

              4)   A Smart system - Grounded in Data - that is Continuously Improving

Return on Investment from the

Innovation Engineering Management System

Individual results vary, however other companies have realized…

· 72% increase in your team’s confidence to lead Innovation (Ref. 1 below)

· A 7 X increase in all employees ability to think smarter & more creatively (Ref. 2 below)

· Significant growth in employee innovation confidence, optimism & proactive action in 100 days (Ref. 3 below)

· Ideas to first sale in 10% of the time, at 16% of the cost & with double the odds of success (Ref. 4 below)

1)Self-reported surveys from participants 2) In quantity and quality trials versus traditional brainstorming 3) Assessment benchmark study results 100 days after full management system implementation 4) Independent P&G Finance Study and MEP Concept Test Forecasts from the System

Click here to view...

How Does Innovation Engineering Work by Erick James, Innovation Engineering Black Belt

Innovation Engineering Management System - What is It? by Doug Hall, Founder / CEO, Eureka! Ranch, International

InnovationEngineeringLabs.com Overview by Maggie Nichols, COO, Eureka! Ranch

Innovation Engineering Applied with Community Organizations CoreChange - Cincinnati

For more proof about the effectiveness of the Innovation Engineering System, watch this IE Proof Video and visit www.InnovationEngineering Proof.com.

Read what our clients are saying about VMEC...

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Accelerate a continuous stream of meaningfully unique ideas for growing sales and profits.