Historical Perspective
The Innovation and Value Creation Technical Committee was newly formed in late 2008 as part of the realignment of the QMD Technical Committees. This realignment was designed to expand the influence of the quality management domain into new industries and government services and was driven by the 2005 ASQ Future Study, In the Chase. This study identified ‘value creation’ as a force of change in the future of quality professionals.
Definition of Innovation: Innovation is the successful conversion of new concepts and knowledge into products and processes that deliver new customer value in the marketplace.
The IVC Technical Committee takes as a given that organizations must innovate to survive. Our activities have focused on how to take a systematic approach to innovation to help ensure successful innovations in the most timely and valuable way. Specifically, the quality management tools and technologies can be leveraged for innovation management and we seek to provide insights into these methods for others to use.
