Transformative Technologies - Federal Initiative Final Report 2007/08
W-2565
Location
Vancouver, British Columbia
Language
English
Abstract
"Creating value via innovation". That principle is at the core of FPInnovations' value proposition. This report acknowledges that and takes a multi tier approach to better understand the innovation process and it is divided into three levels: manufacturer, R&D, and user. A careful reading of FPInnovations' vision and mission reveals that the consolidation has brought change and challenge, taking the organization beyond research and assuming a protagonist role as an integrator of the innovation efforts carried out by its members, the R&D community and its own staff (Research Program 2008/2009). Accomplishing such demanding goals will demand acquiring and mastering a number of tools, management practices and knowledge base that this report has tried to examine. It also recognizes the role that the external environment plays and therefore it includes sections looking at industry structure considerations, cooperation networks and such. From an internal point of view, the report outlines some guidelines meant to serve as an aide in the operationalization of the mission and vision set for FPInnovations by our board.
The merger and new guidelines have added a new innovation component to the Divisions' successful record of value creation for their members. This new component is a much needed response to the challenging times the industry is going through. FPInnovations recognizes the value proposition of innovation while also acknowledging the merits of best practices for those companies favouring a more traditional approach to doing business.