Model for the Logic Determination of Innovation Ideas for Technical Systems

Gunther Schuh; Thomas Schwarberg; Jonas Muhlbauer; Nihan Yildirim

doi:10.1109/ITMS51158.2020.9259301

Model for the Logic Determination of Innovation Ideas for Technical Systems

Gunther Schuh, Thomas Schwarberg, Jonas Muhlbauer, Nihan Yildirim

Department of Management Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

No company can survive in today's market environment without being innovative. Every innovation starts with an innovation idea (referred to as 'idea' within this paper). Creativity techniques like Design Thinking enable the generation of a variety of ideas. However, selecting the right ideas for development and market launch imposes a challenge to companies which is yet unsolved. Recent studies show that only one out of 3,000 initially selected ideas leads to a successful product innovation. This poor success rate is due to an exclusive focus of today's evaluation processes on the idea's potential economic return. The functional and technological realization of this potential, however, is mostly neglected. Therefore, this paper aims at developing a model for assessing the realizability of innovation ideas for technical systems. For this purpose, the authors suggest applying the concept of logic determination to the evaluation of ideas.

Original language	English
Title of host publication	2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020 - Proceedings
Editors	Janis Grabis, Andrejs Romanovs, Galina Kulesova
Publisher	Institute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)	9781728191058
DOIs	https://doi.org/10.1109/ITMS51158.2020.9259301
Publication status	Published - 15 Oct 2020
Event	61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020 - Riga, Latvia Duration: 15 Oct 2020 → 16 Oct 2020

Publication series

Name	2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020 - Proceedings

Conference

Conference	61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020
Country/Territory	Latvia
City	Riga
Period	15/10/20 → 16/10/20

Bibliographical note

Publisher Copyright:
© 2020 IEEE.

Keywords

idea evaluation
idea logic
idea management
idea model
ideation process
innovation
innovation management
innovation process

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1109/ITMS51158.2020.9259301

Cite this

Schuh, G., Schwarberg, T., Muhlbauer, J., & Yildirim, N. (2020). Model for the Logic Determination of Innovation Ideas for Technical Systems. In J. Grabis, A. Romanovs, & G. Kulesova (Eds.), 2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020 - Proceedings Article 9259301 (2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020 - Proceedings). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/ITMS51158.2020.9259301

Schuh, Gunther ; Schwarberg, Thomas ; Muhlbauer, Jonas et al. / Model for the Logic Determination of Innovation Ideas for Technical Systems. 2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020 - Proceedings. editor / Janis Grabis ; Andrejs Romanovs ; Galina Kulesova. Institute of Electrical and Electronics Engineers Inc., 2020. (2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020 - Proceedings).

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abstract = "No company can survive in today's market environment without being innovative. Every innovation starts with an innovation idea (referred to as 'idea' within this paper). Creativity techniques like Design Thinking enable the generation of a variety of ideas. However, selecting the right ideas for development and market launch imposes a challenge to companies which is yet unsolved. Recent studies show that only one out of 3,000 initially selected ideas leads to a successful product innovation. This poor success rate is due to an exclusive focus of today's evaluation processes on the idea's potential economic return. The functional and technological realization of this potential, however, is mostly neglected. Therefore, this paper aims at developing a model for assessing the realizability of innovation ideas for technical systems. For this purpose, the authors suggest applying the concept of logic determination to the evaluation of ideas.",

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Schuh, G, Schwarberg, T, Muhlbauer, J & Yildirim, N 2020, Model for the Logic Determination of Innovation Ideas for Technical Systems. in J Grabis, A Romanovs & G Kulesova (eds), 2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020 - Proceedings., 9259301, 2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020 - Proceedings, Institute of Electrical and Electronics Engineers Inc., 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020, Riga, Latvia, 15/10/20. https://doi.org/10.1109/ITMS51158.2020.9259301

Model for the Logic Determination of Innovation Ideas for Technical Systems. / Schuh, Gunther; Schwarberg, Thomas; Muhlbauer, Jonas et al.
2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020 - Proceedings. ed. / Janis Grabis; Andrejs Romanovs; Galina Kulesova. Institute of Electrical and Electronics Engineers Inc., 2020. 9259301 (2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020 - Proceedings).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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Schuh G, Schwarberg T, Muhlbauer J, Yildirim N. Model for the Logic Determination of Innovation Ideas for Technical Systems. In Grabis J, Romanovs A, Kulesova G, editors, 2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020 - Proceedings. Institute of Electrical and Electronics Engineers Inc. 2020. 9259301. (2020 61st International Scientific Conference on Information Technology and Management Science of Riga Technical University, ITMS 2020 - Proceedings). doi: 10.1109/ITMS51158.2020.9259301

Model for the Logic Determination of Innovation Ideas for Technical Systems

Abstract

Publication series

Conference

Bibliographical note

Keywords

UN SDGs

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