Peter KoenAssociate Professor, Director of Consortium for Corporate Entrepreneurship and Founder of the FEI conference at Stevens Institute of Technology
Peter Koen is a tenured Associate Professor in the School of Business. He is currently the director of the Consortium for Corporate Entrepreneurship (CCE), which he founded in 1998, and whose mission is to significantly increase the number, speed and success probability of highly profitable products and services at the “Front End of Innovation” (www.frontendinnovation.com) – which is the discovery portion of the innovation process. Current consortium members include Ethicon (a division of Johnson and Johnson), ExxonMobil and P&G.
ResearchPeter is engaged in research directed at:
- Optimizing the Front End of Innovation and determining the most effective practices in the Front End. The New Concept Development model, developed with 13 other companies, is being adopted by industry as a theoretical construct for understanding the front end. Peter is also actively working with Cabot, Dow Corning, Ethicon, ExxonMobil, International Flavors and Fragrances, Rohm and Haas, Valvoline and WelchAllyn under a project funded through the National Science Foundation under the auspices of the Industrial Research Institute to determine the most effective practices in the front end utilized by “Best in Class” companies.
- Determining approaches and organizational structures (i.e. processes, people, strategies, sponsorship, knowledge management, etc.) on how companies manage breakthrough opportunities. Co-directing an Industrial Research Institute Research on Research project focused on understanding and finding solutions to Breakthrough Innovation Dilemma’s that large companies encounter.