Innovation is in our genes
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Mount Laurel, NJ (PRWEB) September 1, 2009
The Product Development & Management Association (PDMA), the leading advocate and comprehensive resource for the profession of product development and innovation, today announced the winners of its 2009 Outstanding Corporate Innovators (OCI) award. Royal DSM N.V. (DSM) and Premiere Global Services, Inc. (PGi) will receive the OCI Award on November 3rd at PDMA's annual International Conference at The Disney Hotel in Anaheim, Calif.
PDMA members again nominated an impressive slate of global candidates for this year's OCI Award. Winning organizations demonstrate exceptional skill in continuously creating and capturing value through new product and service development.
"DSM and PGi both demonstrate an enterprise-wide commitment to innovation as a corporate driving force and are highly successful in the continuous development of profitable new products and businesses. The practices employed by each of these companies, leading to their selection as OCI winners, will provide significant learning experiences for the new product development community when the recipients share them at the International Conferences," said Stan Jankowski, chair of PDMA's OCI award selection committee and President of N.O.V.A Consulting Co. LLC
DSM: Making a Strategic Commitment to Open Innovation
In 2000 Royal DSM N.V. made a strategic decision to transform the company and build a new business portfolio based on a strong commitment to Open Innovation as a driving force and source of competitive advantage. By leveraging key technical strengths in opportunity spaces defined by in-depth analysis of global mega-trends, DSM has realized exceptional success in markets, and with product platforms, that were not fully specified, at the time of strategy development, but identified as a result of pursuing the new Open Innovation strategy. Among many noteworthy elements of DSM's innovation organization culture, and practices are: Use of a "Business Incubator" within the DSM Innovation Center, use of venturing, licensing, acquisitions, establishment of a dedicated Product Launch Support Team, and a willingness to exit profitable basics businesses that are no longer consistent with corporate strategy.
Despite the downturn in the global economy, DSM has not reduced the commitment and resources toward Innovation and New Product Development. They remain on target to achieve their 2010 vision of €1.0 B additional sales of products from innovation. More than a slogan, "Innovation is in our genes" reflects the DSM organization's total commitment to Open Innovation.
Premiere Global Services, Inc.: Leveraging Technical Strengths with a Systematic Approach to Innovation
Founded in 1991, PGi is a global provider of on-demand applied communications technology. Pioneers of the conferencing and collaboration industry, PGi began the shift from the use of standard public telephone architecture to VOIP (Voice Over Internet Protocol) as the base of their new product development. With a systematic approach to technology innovation and platform development, PGi has successfully transformed the company from a two-division holding company to a totally integrated technology services company.
A self described David in a world of Goliaths, PGi has leveraged their strategy of driving first to market innovation to drive the company's growth and expansion of the collaboration industry. Using systematic development, internalization, and implementation of their NPD processes, PGi has developed and successfully marketed many innovative and flexible services. These include web conferencing, electronic faxing and document management, email marketing solutions, and email and voice notification services. Premiere Global's customers include most of the Fortune 500 companies, and thousands of smaller firms. As a result of their performance in the past five years PGi's percentage of revenues generated from new products has grown from 5% to 25%.
DSM's Chief Innovation Officer, Rob van Leen and PGi's Group VP, Product Innovation & Management, Peter Stewart will present their respective company's processes, practices, and success stories to the New Product Professionals attending the PDMA International Conference in November.
The OCI Awards will be presented at a celebration and dinner, sponsored by past OCI winner Corning Incorporated, at 7 p.m. on November 3rd. The dinner will feature a special appearance by: Bruce Kirk, Director of Corporate Innovation Effectiveness, Corning Incorporated. To learn more about the Conference and Awards Dinner, please visit http://conference.pdma.org/ConferenceAgenda1.cfm.
About the OCI Award
Forty-one firms have been recognized as Outstanding Corporate Innovators since the inception of the award. Among past recipients are; Affymetrix, Apple Computer, BMW Group, Eastman Kodak, FedEx Corp., Harley-Davidson Motor Company, Herman Miller, Hewlett-Packard, Hunter Douglas, Mine Safety Appliance (MSA) Inc., Nabisco, DuPont, and Pepsi-Cola.
The Product Development and Management Association (PDMA) is the premier advocate and comprehensive resource for product development and innovation professionals in the United States and abroad. The association is dedicated to improving the effectiveness of individuals and organizations in product development and management. More than 3,500 members worldwide take advantage of the PDMA's well-integrated combination of resources encompassing professional development, education, experience, networking, collaboration, certification and recognition. The organization publishes two acclaimed periodicals - Visions magazine and The Journal of Product Innovation Management - and holds numerous seminars and conferences each year. For more information, visit http://www.PDMA.org.