Model for the Logic Determination of Innovation Ideas for Technical Systems

2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University ( ITMS 2020): Proceedings 2020
Gunther Schuh, Thomas Schwarberg, Jonas Muhlbauer, Nihan Yildirim

No company can survive in today’s market environment without being innovative. Every innovation starts with an innovation idea (referred to as “idea” within this paper). Creativity techniques like Design Thinking enable the generation of a variety of ideas. However, selecting the right ideas for development and market launch imposes a challenge to companies which is yet unsolved. Recent studies show that only one out of 3,000 initially selected ideas leads to a successful product innovation. This poor success rate is due to an exclusive focus of today’s evaluation processes on the idea’s potential economic return. The functional and technological realization of this potential, however, is mostly neglected. Therefore, this paper aims at developing a model for assessing the realizability of innovation ideas for technical systems. For this purpose, the authors suggest applying the concept of logic determination to the evaluation of ideas.

Keywords
innovation, innovation process, innovation management, idea management, ideation process, idea logic, idea evaluation, idea model
DOI
10.1109/ITMS51158.2020.9259301
Hyperlink
https://ieeexplore.ieee.org/document/9259301

Schuh, G., Schwarberg, T., Muhlbauer, J., Yildirim, N. Model for the Logic Determination of Innovation Ideas for Technical Systems. In: 2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University ( ITMS 2020): Proceedings, Latvia, Riga, 15-16 October, 2020. Piscataway: IEEE, 2020, pp.1-6. ISBN 978-1-7281-9106-5. e-ISBN 978-1-7281-9105-8. Available from: doi:10.1109/ITMS51158.2020.9259301

Publication language
English (en)