CHICAGO--(EON: Enhanced Online News)--The Product Development and Management Association (PDMA), the leading advocate and comprehensive resource for the profession of product development and innovation, has just announced Baker Hughes and The Sherwin-Williams Paint Stores Group as its 2013 Outstanding Corporate Innovator Award (OCI) Winners. The companies will receive the OCI Award at PDMA’s Product Innovation Management Conference in October at the Arizona Biltmore in Phoenix, Arizona and will share with attendees the practices instrumental to their innovation success.
“We are honored to receive the prestigious PDMA Outstanding Corporate Innovator Award, which recognizes our commitment to develop solutions that drive our industry forward”
The OCI Award is the only innovation award which recognizes sustained (5 or more years) and quantifiable business results from new products and services. “The 49 OCI Winners recognized since the award’s inception in 1988 represent diversity in industry and size, but share a common bond in their commitment to innovation as a means to achieve corporate success,” said Sally Evans Kay, Chair, OCI Selection Committee.
Baker Hughes, one of the world’s largest oilfield service companies, has built its 100+ year history on innovation. In 2009, Baker Hughes reorganized its then 55,000-member global workforce into a regional structure to improve alignment with customer needs. Key to that directive was the implementation of a standard innovation process across product lines with a focus on delivering integrated solutions to its customers.
“We are honored to receive the prestigious PDMA Outstanding Corporate Innovator Award, which recognizes our commitment to develop solutions that drive our industry forward,” says Baker Hughes Chairman and CEO, Martin Craighead. “We remain focused on exceeding customer expectations through leadership in innovation.”
At the conference, Mike Sanders, Vice President of Enterprise Engineering, will share how ‘wiring the matrix’ across the organizational hierarchies of a global enterprise has been a key driver behind Baker Hughes’ innovation success.
SHERWIN-WILLIAMS PAINT STORES GROUP
Sherwin-Williams Paint Stores Group (SWPSG) has a strong corporate commitment to innovation, and is recognized within the Paint and Coatings industry for setting the pace of technical development. SWPSG, the leading operator of specialty paint stores in North America, serves the needs of diverse market segments. During the economic downturn, which impacted many of SWPSG’s customers, the company maintained its investment in innovation to ensure they had a competitive advantage when the economy started to improve.
At the conference, Steve Revnew, Vice President of Product Innovation, will share how SWPSG uses its unique distribution model and market research tools to meet the specific needs of multiple customer segments – from architectural and industrial painting contractors to do-it-yourself owners. The company is focused on developing next generation and breakthrough products and enhancing the paint shopping experience.
Also being recognized at the conference as a 2013 OCI Finalist is Xerox. Xerox, a 2006 OCI Winner, has made impressive accomplishments in its transformation to a service-based enterprise.