Over-Emphasis on Technology Innovation and R&D Is Insufficient to Create Wealth, Say Authors of “Value Innovation: Passport to Wealth Creation”

Menlo Park, CA — March 8, 2005 (For Immediate Release) — “Although most managers will agree that innovation can be the passport to wealth creation, many of their actual business practices and behaviors fail to support the activities crucial to value to value innovation. Many companies over-emphasize technology innovation and R&D which, in isolation, is insufficient to create new wealth.”

The authors of a two year Industrial Research Study report on these and other conclusions in their article Value Innovation: Passport to Wealth Creation in the March-April issue of Research Technology Management (reprinted with the permission of RTM).

The article is co-authored by SmartOrg President and CEO, David Matheson with SAIC Senior Group Vice President, Tom Dillon, and Dick Lee, President and CEO of Value Innovations Inc. They describe a “Value IQ Instrument” that helps executives assess their companies’ ability and capacity to create value through innovation and contrast Conventional Organizations with Value-Innovation Organizations. By understanding gaps between their current organization and the Value-Innovation Organization, management can take steps to narrow the gaps and improve the value returned to their organization from their investments in innovation.

Says Matheson, “My colleagues and I have developed a framework for tapping into the hidden potential in virtually every organization. The key is simply focusing on the measurement and management of value.”

About SmartOrg

SmartOrg provides browser based applications and services that help companies improve the return on R&D, new product development and other business opportunities. Portfolio Navigator™, a browser-based application, provides project teams and portfolio managers with tools to lower risk and maximize the return on a company’s investment in technology and R&D. Decision Advisor® is a desktop application that supports real-time, in-depth project-evaluation workshops; combines a facilitative framework with decision and risk analysis to turbo-charge team discussions; and automatically creates spreadsheet models and conducts risk analysis. SmartOrg was formed in 2000 by former directors and partners of Strategic Decisions Group, an international strategy consulting firm.

For Additional Information:

Email: info@smartorg.com
Web: www.smartorg.com

Don Creswell
650-470-0188
dcreswell@smartorg.com