Innovation in the Electric Power Industry: Processes and Best Practices mid-2018

$495.00

The joint study undertaken by Power Projects Leufkens and Newton-Evans is unique in its focus on insights on product/service innovation as it relates to companies serving the modern electric power industry. While the majority of the 55 survey participants are from North American organizations, there is some representation from international companies as well.

The participants in this study are from product planning and research units of large and very large manufacturers (35 participants), along with R&D officials from five major North American utilities and 15 officials from engineering consultancies and equipment testing organizations.

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Description

Table of Contents:

Introduction – page 3
Executive Summary – page 5
Survey Findings – page 7
1. How would you best describe your job? – page 8
2. How does your company define “innovation”? – page 9
3. How does your company tend to innovate? (check all that apply) – page 11
4. Does your company have a written innovation strategy? – page 13
5. Does your company consider other departments under Innovation than the typical Research & Development groups? – page 15
6. Does your organization make a split between Research versus Development? – page 16
7. What % of your company’s annual revenue is spent on R&D? – page 18
8. To encourage innovation: what % of a typical week is allowed to work on “the next big thing”? – page 20
9. Is there a formal process in your company to manage new ideas? – page 22
10. If there is a formal process in your company to manage new ideas, what is the process? – page 23
11. What percentage of ideas eventually become products? – page 25
12. From where do your get product innovation ideas? (check all that apply) – page 27
13. What made you successful in innovation efforts? (Check all that apply) – page 29
14. How do you motivate your people? (check all that apply) – page 32
15. How do you launch your new product? (check all that apply) – page 34
16. What would be useful for your R&D process? (check all that apply) – page 36
17. Are there any other experiences you can share that are useful to improve innovation? – page 38
Companies Participating in the Survey – page 40