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"In terms of dealing with the business challenges, PA impressed us with the follow through and the commitment of its people involved in the project."

Dr Graham Ogden, R&D Director, rotork

Home Technology and innovation Transforming innovation performance

Transforming innovation performance

Fuelled by the relentless pace of technological, environmental and societal change, market and consumer demands and expectations are ever increasing. Global markets are evolving rapidly, generating both new opportunities and new competition. Innovation is a proven driver of business value and growth, yet many companies find it difficult to consistently deliver high-value ‘breakout’ innovations. Their focus on incremental or cost-driven improvements results in low growth, loss of market share and weakens the long-term health of the business. See PA's summary report on Open Innovation.

PA Consulting Group's track record of technological innovation in many sectors, combined with our expertise in organisational change, strategy development and systems implementation, makes us the partner of choice for companies seeking to transform their innovation performance.

Innovation strategy development

Developing a coherent innovation strategy that combines a clear vision and addresses the future needs of markets and consumers is essential for success.  PA’s innovation strategy framework is a proven methodology that takes the organisation on a journey from ambition definition, through strategy definition, to action plans for implementation. Our insights into technical, market and customer trends, combined with this robust process, provides our clients with means to develop high-growth, market-winning innovation strategies.

Innovation performance improvement

Many companies struggle to deliver on their innovation ambitions. Typical issues such as lack of real innovation leadership, poor processes and unmotivated employees can prevent real innovations from being delivered. PA’s innovation footprint methodology diagnoses the barriers to innovation delivery in client companies, and provides a focus for implementation of performance improvement programmes. These programmes typically deliver benefits such as reduced time to market, more effectively managed innovation processes, creation of more creative ideas and improved return on innovation investment.

Succeeding with open innovation

The philosophy behind open innovation (OI) encourages companies to look beyond their boundaries to access new technologies and innovation at a faster rate and lower cost than can be achieved internally. Many companies, however, do not have a coherent, well-managed holistic approach to open innovation, resulting in a failure to deliver the desired increase in innovation productivity.  PA’s OI service helps our clients to develop a clear strategy for OI, identify new approaches to creating high-value partnerships, implement new OI processes and tools that enable the whole organisation to become open innovators and deliver the cultural and organisational change needed to create a real OI system. See our views on what open innovation means to pharmaceutical R&D and how can it be realised.

Innovation culture and transformation

Innovation is not just about strategy, process and new technology – without the involvement and passion of all employees, many companies still fail to deliver after years of process improvement, technical investments  and reorganisations. PA’s organisational and cultural change expertise addresses the soft issues and organisational challenges that hinder innovation. Implementation of the right organisational structures for innovation is supported by a cultural transformation that focuses on creating the right values and behaviours from the leadership team down. By removing artificial barriers and energising the whole company, we enable our clients to become truly innovative companies.

 

To discuss an issue with one of our technology experts, please contact us now.

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