As a part of our work in the North Central Region, we have been thinking about a new way to categorize businesses apart from the traditional industry based classification or cluster based categorizations. In our work, we have found that clusters don’t exist in rural regions, because of the lack of critical mass required to define a cluster. But that doesn’t mean that the businesses in small rural regions cannot innovate or collaborate if they don’t belong to one cluster. Here are some initial thoughts on how to profile businesses based on their competency and help them collaborate to innovate.
This is an innovative service that aims to create unique profiles for the businesses in the region based on a business’s innovation competency by comparing assets, technical capabilities, business expertise, design capabilities and needs. This method of profiling combines the manufacturing capabilities and innovation competencies of a business to create a unique profile for the business. Profiling business based on their innovation competency enable innovation intermediaries to connect them with “best-fit” opportunities.
Stumbled on this Profiler from booz&co. (this time lowercase is intentional). Refers to a booz focus called Capabilities-Driven Strategy
The Coherence Profiler.
A recently released discussion paper by The Research Institute of the Finnish Economy discusses the use of strategic innovation profiles to understand the overall innovativeness of the firms. The discussion paper entitled “Innovation does not equal R&D: Strategic Innovation Profiles and Firm Growth” by Mikko Ketokivi and Jyrki ALi-Yrkko (October, 2010) examines firm innovation and its link to firm growth. Instead of using R&D budget as a measure of innovation they adapted the ‘innovation radar’ developed by Sawhney et al. (2006) and created strategic innovation profiles based on that. The 12 dimensional operationalization scale they used took into account the non technical aspects of innovation into account. They found that apart from R&D, innovation in other dimensions like value chain strategy, brand and distribution channels are all linked to new product introduction.
The complete discussion paper can be found at http://www.etla.fi/files/2529_Dp1220.pdf