Concept

About basic concept of our service

We offer consulting service based on a novel concept Open Innovation, which is now widely known as a new innovation paradigm most effective in rapidly changing business environment.

By introducing the Open Innovation, it will be achieved that ROI of R&D is significantly improved and the limited resources of your business are most effectively utilized. It is also expected that open innovation projects will enable scientists and engineers to develop not only technical skills but also competitive business skills and minds.

Challenges in R&D activities of your business

If you are persistently annoyed with the following issues related to the R&D activities, our consulting service may well demonstrate solutions using the Open Innovation paradigm.

  • A certain amount of budgets has been assigned to R&D projects every year, but we have only a few significant business outputs.
  • Our R&D team may not be capable of creating technologically superior products or services than competitors'.
  • The profit generated by our intellectual property does not compensate for the cost at all.
  • Although we have tried setting up several new business units in recent years, the progress is much slower and the cost becomes much higher than initially estimated.
  • The projects of R&D and business development are not adequately controlled due to lack of management skills of administrative staff.
  • Our R&D people are apparently superior to the competitors in terms of quantity and quality, but they may not be good at creating innovative products or services.
  • We have a number of dedicated scientists and engineers, but most of them are not very fascinated by real-world business.

Concept

We offer consulting service based on an important concept Open Innovation, which was first proposed by Professor Henry Chesbrough of UC Berkley. Open Innovation is now believed to be one of the most effective methods to increase the efficiency and to accelerate the speed of innovation processes. Major firms such as IBL, J&J and Merck are known to have successfully applied the concept to establish their business competitiveness.

However, in Japan, it still looks quite rare that the firms adequately employ and apply the Open Innovation to their business; this is probably due to the lack of understanding of the concept.

If properly introduced and managed, the Open Innovation enables the company to enhance their activities of R&D and business creation. The concept becomes more important because the business environment is changing much faster and the market competition is severer than ever.

How powerful the Open Innovation is in R&D and business creation is explained in the latter part, but we just list outcomes expected from our consulting services.

Expected outcomes

  • You can achieve efficient R&D and business creation with better ROI.
  • The team can manage larger project than originally planned by employing and leveraging external resources.
  • The project is tactfully managed in the planned timeline and budget to achieve the best performance.
  • New business units are formed and developed to expand the current business domain.
  • The risk is carefully monitored and controlled during the course of execution of new and challenging project to prevent a total failure.
  • The decision of the financial investment to R&D is properly made after careful evaluation of the risk and return.
  • By out-licensing of intellectual property and business packages the ROI of the R&D is apparently improved in a reasonably short time frame.
  • Technical staff such as scientists and engineers can acquire the competitive business skills and strategic thinking through the practical project.