Innovation is a driving force at many manufacturers as they try to compete in today’s markets. Companies are starting or expanding innovation programs and processes that in some cases involve every employee. In this study, we looked at many aspects of the innovation process, including targets, the people involved, and keys to success.
MAPI’s survey was completed by 90 member companies; 71% indicated that they have a formal innovation strategy. Responses came from members of MAPI’s Manufacturing Council, Engineering R&D Council, and Information Systems Management Council.