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Industry Summary Articles

Thursday, January 18, 2018

Sopheon Leads Global Strategic Innovation Execution

Sopheon is committed to educating the market on how to bring business strategies to life through integrated, well-communicated innovation execution plans. Among Fortune 100 market leaders, there’s no shortage of well-intentioned innovation methods and processes, yet business leaders responsible for innovation are often hamstrung by inefficiencies, cross-functional silos, limited resources and complex processes, diminishing the potential for market impact and profitability.

“Enterprise Innovation Management (EIM) is an increasingly critical capability for innovation-driven companies, yet there is still too little attention paid to creating the connected autonomy required for efficient execution,” said Andy Michuda, chief executive officer for Sopheon. “In our experience, even the best-laid strategic plans are often not well communicated, poorly adopted or misunderstood across the enterprise. Our role as a partner to our clients demands that we take our 18 years of extensive learnings from working with the best in the industry and share how companies can close the gap between strategic planning and execution realization.”

Sopheon is committed to providing strategy execution management tools that support continuous and iterative transparency and process change, while enabling real-time decision-making resulting in improved performance. The company’s Accolade software supports better and faster decisions by enabling transparency, harmonization and alignment through the interconnected enterprise. Introduced to the market in 2001, Accolade captures critical data for better visibility and decision enablement, providing a single source of truth for all functional groups and geographically dispersed teams that are required to collaborate.

Dozens of the world’s most successful, innovation-driven companies – including market leaders in consumer goods, food and beverages, chemicals, industrial manufacturing, high-tech, aerospace and defense – use the Accolade software to achieve exceptional long-term growth and profitability through sustainable innovation. Clients include leaders such as BASF, P&G, Honeywell, Applied Material, Parker Hannifin, Electrolux, Entegris, PepsiCo, Merck, and others. The Accolade software provides these companies with an integrated solution for executing against the entire innovation lifecycle, from strategic roadmap planning, strategic idea development, portfolio optimization and prioritization, product launch planning and go-to-market execution, as well as end of life management.

“Despite the growth of technology as a business driver, too many innovation-driven organizations are still not using technology to create a connected autonomy across their enterprise, which speeds up execution,” Mr. Michuda said. “By digitalizing the process for connectivity, transparency and speed, Accolade gives even the largest enterprises the ability to pivot and be agile, while preserving big-company capability and scale. That’s where execution, paired with innovation, can create a seismic shift in strategy realization.”

To view the original press release, please click here.

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