End of Innovation Conference Keynote
a Partner of Choice through Supplier Enabled Innovation
Innovation and Chris Ryan, Director Innovation Sourcing: Johnson & Johnson
values: 'Our goal is to be smart, focused, and purposeful, based on the J&J
than a supplier relationship. We prefer to call our suppliers partners.
innovation'from band aids to baby shampoo.
culture of internal innovation and expand it to our partners on the outside.
Band-Aid, Tylenol, Neutrogenea, Visine, and others'we need to keep the
innovation pipeline full'and there are many more solutions outside our organization
bent, our consumer brands can speed us the access to market by looking externally.
method J&J developed.
end of Discover. Market screening and Learning Plan Validations help the Design
end of the process. Partners/supplier-enabled innovation helps De-Risk and
Deliver, how we execute and take the solutions to the market.
enhance the value creation of supplier-need innovation. We try to think through
a Joint Value Creation to ensure world-class capabilities, build a
collaborative and performance-based partnership model, and manage the
relationship with key financial metrics with a 3-5 year view.
speeding up the timelines. Projects can move forward.
Innovation business models founded on strategic
areas and funded.
We need optimized resources based on capabilities
of partners'so it is a blend of internal and external.
Synergy improves efficiency'and makes
By leveraging partners' capabilities and development processes, we can get to
market faster. 'I want our partners to feel like they own these equities as
much as J&J does,' says Janette. The Neutrogena Light Therapy Acne Mask
empowers consumers to pay $40 to perform a treatment for which they would have
to pay much more and spend more time having this procedure performed at a dermatologist's
office. The Shower Care Band Aid meets a wound-care need for consumers'and is
something we didn't develop in house.
pipeline development, creating platforms for sustained innovation.
Focused empowered teams (dedicated teams)
Quicker decision making
Process toolkit'clear expectations
Clear guidance on Strategy for External
Better defined agreements for partnerships (aids
activation and efficiency)
managing partner of the Southern Growth Studio, an innovation and strategic
growth firm based in Memphis, TN and the author of Going Electric. Visit www.southerngrowthstudio.com to learn more.