Peter Koen is a tenured Associate Professor in the Wesley J. Howe School of Technology Management. He is currently the director of the Consortium for Corporate Entrepreneurship (CCE), which he founded in 1998, and whose mission is to significantly increase the number, speed and success probability of highly profitable products and services at the "Front End of Innovation" (www.frontendinnovation.com) - which is the discovery portion of the innovation process. Current consortium members include 3M, Corning, ExxonMobil, Gore and P&G.
Peter is engaged in research directed at:
Optimizing the Front End of Innovation and determining the most effective practices in the Front End. The New Concept Development model, developed with 13 other companies, is being adopted by industry as a theoretical construct for understanding the front end. Peter worked with Cabot, Dow Corning, Ethicon, ExxonMobil, International Flavors and Fragrances, Rohm and Haas, Valvoline and WelchAllyn under a project funded through the National Science Foundation under the auspices of the Industrial Research Institute to determine the most effective practices in the front end utilized by "Best in Class" companies.
Determining approaches and organizational structures (i.e. processes, people, strategies, sponsorship, knowledge management, etc.) on how companies discover and manage transformational and disruptive opportunities. Co-directing an Industrial Research Institute Research on Research project focused on understanding and finding solutions to new Business Models that large companies encounter when they attempt to move outside their core.
Developed, founded and chairperson of 2003 through 2014 United States and 2007 through 2009 European Front End of Innovation Conference (www.frontendofinnovation.com) produced by International Institute of Research under the auspices of the Product Development Management Association.
Peter also has extensively published articles on the front end. Summaries of his work appear in the Product Development Handbook (published in 2005 and 2012 by Wiley) and the Product Development Toolbooks (published by Wiley in 2002, 2004 and 2007).
Peter also teaches courses in Stevens Executive Masters of Technology Management program in both Corporate Entrepreneuring and Technology Management. Was chosen in 2007 as the best graduate school instructor by both the Howe School of Technology Management and Stevens Institute.
He has over 19 years of industrial experience including new product development responsibility at both large and small companies. Peter Koen's academic background includes a BS and MS in Mechanical Engineering from New York University in 1965 and 1967, respectively. In addition he holds a Ph.D. in Biomedical Engineering from Drexel obtained in 1975 and a professional engineering license.
Contact information: PETER A. KOEN, Ph.D., Associate Professor; Howe School of Technology Management; Stevens Institute of Technology; Castle Point on Hudson, Hoboken, NJ 07030; (T) 201-216-5406; E-mail: email@example.com