How to Successfully Execute Innovation Strategy: A Parker Case Study | Sopheon

Written by Sopheon | Jul 18, 2012 5:00:00 AM

[fusion_builder_container hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" parallax_speed="0.3" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" overlay_color="" video_preview_image="" border_size="" border_color="" border_style="solid" padding_top="" padding_bottom="" padding_left="" padding_right=""][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" background_position="left top" background_color="" border_size="" border_color="" border_style="solid" border_position="all" spacing="yes" background_image="" background_repeat="no-repeat" padding_top="" padding_right="" padding_bottom="" padding_left="" margin_top="0px" margin_bottom="0px" class="" id="" animation_type="" animation_speed="0.3" animation_direction="left" hide_on_mobile="small-visibility,medium-visibility,large-visibility" center_content="no" last="no" min_height="" hover_type="none" link=""][fusion_text] Presented by: Bill Beane, Corporate Director of Winovations Systems at Parker Hannifin Parker Hannifin is the world’s leading manufacturer of motion and control systems. In recent years, the $12B business has been widely lauded for its “Win” strategy, a decade-old, multi-faceted initiative credited with generating record revenues and profits. “Winovation”, the innovation-focused pillar of the “Win” effort, is an integral part of the Parker success story, accounting for dramatic increases in portfolio values and steady year-over-year expansion of organic growth from new products. Hear one of Parker’s top innovation executives provide an instructive, inside look at the strategies, processes and operational principles that underpin “Winovation’s” remarkable success. Gain insights into what this Fortune 500 stalwart does to fill its product development pipeline with high-margin, new-to-the-world offerings, and how it’s able to consistently drive measurable and repeatable business results from innovation investments. You’ll learn: [/fusion_text][fusion_checklist icon="chevron-sign-right" iconcolor="#599bbb" circle="no"]

Why fewer projects can actually mean higher portfolio value
How to achieve the right balance between creativity and innovation execution
Best practices for measuring innovation-driven growth
Six keys to achieving consistent, high-value innovation performance

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[/s2If][/fusion_text][fusion_code]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[/fusion_code][fusion_separator style_type="none" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" sep_color="" top_margin="15px" bottom_margin="15px" border_size="" icon="" icon_circle="" icon_circle_color="" width="" alignment="center" /][fusion_title size="3"]About the Presenter[/fusion_title][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container hundred_percent="yes" overflow="visible"][fusion_builder_row][fusion_builder_column type="1_4" layout="1_4" last="no" min_height="" hover_type="none" link="" border_position="all"][fusion_text] [/fusion_text][fusion_imageframe style="none" bordercolor="#ffffff" bordersize="0px" stylecolor="" align=""] [/fusion_imageframe][fusion_text] [/fusion_text][/fusion_builder_column][fusion_builder_column type="3_4" layout="3_4" last="yes" min_height="" hover_type="none" link="" border_position="all"][fusion_text] [/fusion_text][fusion_person name=" Bill Beane" title=" Corporate Director of Winovations Systems at Parker Hannifin" linkedin="http://www.linkedin.com/profile/view?id=4659696&authType=NAME_SEARCH&authToken=oYXX&locale=en_US&srchid=257746581383514345913&srchindex=1&srchtotal=33&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A257746581383514345913%2CVSRPtargetId%3A4659696%2CVSRPcmpt%3Aprimary" linktarget="_blank"][fusion_text] [/fusion_text]Bill began his career with the U.S. military. He held various command and operations positions in the Army, specializing in operations research and systems analysis. During his term of service he planned and executed the operational testing of major combat systems. In 1995 Bill entered the semiconductor industry in Silicon Valley, focusing on new product development. In 2008 he was invited to join Parker Hannifin, where he is now director for the company's global new product commercialization system. He shares direct responsibility for Parker's achievement of its organic growth targets. Bill received his Bachelor of Science degree from the US Military Academy at West Point, and his MBA in Technology Management from the University of Phoenix. [/fusion_person][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

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