Oki Electric Industry Company: Implementation of Yume Pro, an Innovation Management System

Ingrid Kihlander, Mats Magnusson and Hiro Nishiguchi

Chapter 17 in Changing the Dynamics and Impact of Innovation Management:A Systems Approach and the ISO Standard, 2022, pp 273-288 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Oki Electric Industry Company, OKI, a Japanese company with more than 140 years’ history and proud traditions, decided to introduce Yume Pro, an innovation management system (IMS) directly corresponding to ISO 56002. Motives for this effort were both radical changes in the business context, and an identified need to enhance the entrepreneurial orientation of the employees. OKI works with all elements identified in the IMS. OKI has developed an innovation strategy with a strong emphasis on addressing the Sustainable Developments Goals, as defined by the United Nations, which supports in creating related value propositions. Key activities for building an innovation culture include awareness building, training and support. OKI has also embarked upon an ambitious plan to train many employees within a few years. Further, a strong management commitment is expressed in several ways, such as a clear strategic direction for innovation, reviews of innovation activities, as well as an involvement of the president in innovation promotion activities. OKI has implemented key performance indicators to capture the elements in the system as well as the system itself. The introduction of Yume Pro is led by the company’s Chief Innovation Officer (CINO) and the Innovation Promotion Centre (IPC).

Keywords: Innovation Management System; Innovation Management; Innovation; Standards; System (search for similar items in EconPapers)
JEL-codes: O3 O31 O32 O36 (search for similar items in EconPapers)
Date: 2022
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