Inclusive Innovation Metrics (i2Metrix) and applications for measuring corporate innovation capacity, monitoring and evaluating innovation process and improvement.

1. i2Metrix Measuring Corporate Innovation Capacity
Tran Tri Dungtran@dhvp-research.com
Hanoi, November 26th2014

2. Entrepreneurship & Innovation: The Best-fit Predictor
Orientation
Resource
Prospect
Total
Failure
Rent-seeking
8
29
37
Innovation
0
10
10
Fraud
Rent-seeking
181
19
200
Innovation
5
4
9
194
62
256
Business Approach: Rent-seeking vs. Innovation-making
Corporate Orientation: Tapping out resources vs. Seeking prospective markets M&A Acquiring Pursuit: Assets & brands vs. Innovation Capacity & willingness
* Vuong, Q.H., Napier, N.K. & Samson, D.E.(2013). Innovation as determining factor of post-M&Aperformance: The case of Vietnam. International Journal of Business and Management, 8 (18).
* Vuong, Q.H., Napier, N.K., Tran, T.D. & Nguyen, T.H.K.(2013). A Categorical Data Analysis on Financial Failures in Vietnam, 2007-2013. International Journal of Business and Management, 8(18)

3. Inclusive Innovation Metrics (i2Metrix)
Strategic Management of Innovation
Academic Institutions
Business Associations
Market Testing: Feb. –May 2014
Advisory Services: Since June 2014
Boise State Uni., USAStamford Int. Uni., Thailand
BSA & DHVP(Vietnam)
Premium-Quality Enterprise AssociationLeading Businesses Club(Vietnam)

4. •
11 provinces and cities
•
12 industries
•
40 corporations:
–
Revenue: $2 billion/year
–
Growth: 15%/year
–
35.000 jobs
–
60% premium-quality Vietnamese producers, manufacturers
–
Various types and sizes
•
Measure and analyse corporate innovation capacity:
–
Balance: Inputs; Outputs; Supports
–
Comparison by industry and size
–
Signals of room for innovation capacity improvement
6.5
7
7.5
8
8.5
Output
Differentiation
Trend-setting
Innovator
F-Resources
Supports
Multi-Filtering
Mindsponge
Implementation
C-Readiness
i2M Pharma
i2MFood
40 Firms
i2Metrix 2014

5. 6.0
6.5
7.0
7.5
8.0
8.5
9.0
Output
Differentiation
Trend-setting
Innovator
F-Resources
Supports
Multi-Filtering
Mindsponge
Implementation
C-Readiness
i2M Large Size
i2M Small Size
•
Innovation:

Market position

Difference

Trend
•
Large firms (Assets > VND100 Bln, ~ $5 Mln):

Information management

Strategic management of innovation
•
Small firms (Assets < VND100 Bln, ~ $5 Mln):

Information management

Capability of “digesting” support resources: Beware of resource curse!

6. APPLICATIONs of i2Metrix
•
Analyse and acknowledge innovation efforts

17 innovative firms received certificates of award by Minister of Science and Technology
•
Insightful inputs for designing of policies and programs on facilitating innovation process
•
Method and instrument of monitoring and evaluating innovation process and improvement

Tigers@Mekong2015-2016: Vietnam, Laos, Cambodia, Thailand, and Myanmar
•
Improve competitive capacity:

Corporate innovation capacity building

Strategic management of innovation
•
Signals of resource allocation:

R&D

Innovation-based entrepreneurial endeavors