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Project - Innovation Cycle Write Up
Project - Innovation Cycle Write Up
improvement (Kline & Rosenberg, n.d.). It is a necessary element for a company’s growth, and
can lead to increased profits, reflecting almost 30 percent higher returns when used as a primary
strategy (Ohio State University, n.d.). While the details may vary, the basic concept of
innovation begins with an idea or concept, then continues through a development phases
(Cogliandro, 2007). Innovation cycles are developed through superimposing the “innovative
Innovation
Cycle Initial Phase Second Phase Third Phase Final Phase
Turbine Intake Compress Combust Thrust
CIRAS Definition Discovery Development Delivery
Opportunity Market
Rapid (RIC) recognition Solution Selection Experimentation Experimental Results
The turbine model, similar to the functioning of a turbine engine, follows four main
phases of intake, compress, combust, and thrust, in which each phase feeds the next, as well as
by external environmental factors (Cogliandro, 2007). The intake phase, also known as the
funnel, is the concept phase that acquires and documents raw ideas, technology, strategies, and
theories for product development. This feeds into the critical compress phase, where the
elements acquired during the intake phase is validated into concepts for preliminary designs. It
then continues to the combust phase for engineering and development, further detailed design,
final prototype testing, and preparation for going to market occurs. Finally, during the thrust
phase, the final product is output to the market, profits and losses are determined, going support
CIRAS innovation cycle begins with an idea, and follows four phases of definition,
discovery, development, and delivery (Iowa State University, 2013). Definition is the concept
phase, which creates and captures new ideas. It then refines ideas by determining if it yields
business value through developing value propositions and evaluating strategic fits. This leads
into the valued concept phase of discovery, where pilot concepts are developed to determine
value, estimate financial returns, evaluate competitive options, and commit resources. Valued
concepts are developed into ready solutions. In this phase, development occurs by through
strategic planning and solution designing. Processes are verified and validated and a marketing
plan is created. Finally, the cycle enters the innovation phase, in which the product is delivered,
innovation is integrated into existing processes and practices, literature is refined and teams learn
RIC was developed in 2011 in Spain, as an innovation and market testing process to scout
innovative products and services to improve the economy. It is now applied across various
industries for innovation, and consists of four key phases of opportunity recognition, solution
selection, market experimentation, and experimental results (McCoy, Chagpar, & Tasic, 2012).
In the opportunity recognition phase, markets are identified that poses new opportunities. In the
solution selection, possible solutions are brainstormed and developed, to meet these new
opportunities, taking into considerations the associated constraints. Markets tests are then
conducted during the market experimentation phase, to assess demand for the possible solutions.
Finally, the experimental results phase is entered where results from the market experimentation
is assessed and analyzed to support critical and strategic decision-making processes (McCoy,