Innovation Vehicles for a Global Chemicals Company

My Client
Global Chemicals Company
Case Duration
2 Months
Year
2018
Country
Germany

Challenge

My client, a globally leading chemical conglomerate, aimed to strengthen its own innovative capabilities. To achieve this, the client wanted to understand how leading corporations in Europe foster innovation. The central question was which innovation vehicles – such as incubators, accelerators, venture capital arms, M&A departments – are used successfully and how they contribute to promoting innovation. The client was particularly interested in deriving practical strategies for its own innovation management from these insights.

Approach

To answer this question, I conducted comprehensive secondary research. I created detailed profiles of the respective key players in the European chemical industry, focusing particularly on their innovation vehicles. Each profile included an analysis of the structures and strategies of these vehicles, as well as an evaluation of their success based on public data. To provide the client with a solid basis for decision-making, a special methodology for evaluating these innovation vehicles was developed. This methodology considered not only the current successes but also the potential for future innovations.

Results

The findings and analysis provided the client with valuable insights into the innovation landscape and practices of leading European corporations. With the insights gained, the client was able to specifically further develop and adapt its own innovation strategy.

Reflecting on my contributions, Mark Reimer, currently a Director at Monitor Deloitte and the project's Manager at the time, commented, "Vera demonstrates exceptional motivation and thoughtfulness, consistently acting in the best interest of both the client and our team to deliver outstanding results."

"Vera is a highly motivated and thoughtful person who always acts in the best interest to deliver excellent results for the client and our team."

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Mark Reimer

Director, Monitor Deloitte

"High performing and agile execution of a large complex project. Very satisfied. Would be happy to work together again at any time."

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Michael Wolz

Commercial Director, GSK

"As a project manager she built an outstanding trust-based relationship with the team, proactively asking for and offering feedback and integrating this into her work. The analysis was very well executed."

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Partner

Consulting Firm

"High level of competence in project management, ensuring timely and high-quality delivery of work, leading the team through challenging situations with resilience."

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Benedict Löwnau

Senior Consultant, Jester Consulting

"Outgoing, open, and reliable. Great commitment and positive energy. Strong analytical skills."

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Daniel Morf

Digital Lead, MIGROS Industries

"Fantastic partner. Very organized.
Helped keep team focused and moving forward."

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Director

KKR Portfolio Firm

"She has exceptional skills in targeting high-net-worth individuals. Vera's ability to blend high-end aesthetics with effective digital strategies positioned us as a key player in the luxury market."

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Nikita Fahrenholz

Fahrengold, Co-Founder