How to Successfully Execute Innovation Strategy: A Parker Case Study

/How to Successfully Execute Innovation Strategy: A Parker Case Study

How to Successfully Execute Innovation Strategy: A Parker Case Study

Presented by: Bill Beane, Corporate Director of Winovations Systems at Parker Hannifin

Parker Hannifin is the world’s leading manufacturer of motion and control systems. In recent years, the $12B business has been widely lauded for its “Win” strategy, a decade-old, multi-faceted initiative credited with generating record revenues and profits. “Winovation”, the innovation-focused pillar of the “Win” effort, is an integral part of the Parker success story, accounting for dramatic increases in portfolio values and steady year-over-year expansion of organic growth from new products.

Hear one of Parker’s top innovation executives provide an instructive, inside look at the strategies, processes and operational principles that underpin “Winovation’s” remarkable success. Gain insights into what this Fortune 500 stalwart does to fill its product development pipeline with high-margin, new-to-the-world offerings, and how it’s able to consistently drive measurable and repeatable business results from innovation investments.

You’ll learn:

  • Why fewer projects can actually mean higher portfolio value
  • How to achieve the right balance between creativity and innovation execution
  • Best practices for measuring innovation-driven growth
  • Six keys to achieving consistent, high-value innovation performance

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About the Presenter

Bill Beane
Bill BeaneCorporate Director of Winovations Systems at Parker Hannifin
Bill began his career with the U.S. military. He held various command and operations positions in the Army, specializing in operations research and systems analysis. During his term of service he planned and executed the operational testing of major combat systems. In 1995 Bill entered the semiconductor industry in Silicon Valley, focusing on new product development. In 2008 he was invited to join Parker Hannifin, where he is now director for the company's global new product commercialization system. He shares direct responsibility for Parker's achievement of its organic growth targets. Bill received his Bachelor of Science degree from the US Military Academy at West Point, and his MBA in Technology Management from the University of Phoenix.
2019-06-20T08:12:34-05:00July 18th, 2012|