Innovation Manager @ ITW | Jobright.ai
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ITW · 1 day ago

Innovation Manager

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Responsibilities

Identifies and evaluates new market and product opportunities through observed end user needs, translating them into viable business offerings. Closely monitors the industry and competitive landscape.
Deploys full range of marketing research tools/techniques to develop a deep understanding of end user pains, trends and needs including the development of end user segmentation behavioral profiles.
Work with sales team to develop value propositions which translate into strategic value based selling techniques for profitable growth
Exceed financial targets by utilizing ITW Toolbox philosophies and other key metrics to manage an optimized product portfolio.
Champions new product development strategies and execution of stage gate deliverables including the creation of new product business plans through collaboration with the platform Innovation teams, sales & engineering, and manufacturing/supply chain.
Delivers financial commitments and manages the selling story around new product launches by leading the development and execution of robust commercialization plans
Leads and develops talent to maximize individual, team and organizational effectiveness in meeting company goals.
Lead divisional innovation efforts in alignment with global platform and innovation organizations.
Provide regular market and technology insights into automotive ecosystem and identify key signposts to monitor on a regular basis.
Participation in trade show events to gain market insights and leverage customer feedback.
Conduct & refresh regular market and technology landscape and value chain analysis inc. emerging technology evaluation related to vehicle system, integration
Regional competitor identification and analysis in regarding to their strategy, activities & impact, latest industry, competitive products and programs.
Business/pricing analysis and monitoring for customer requirements, supplier and competitor studies together with global market and advanced development team.
Work closely with other regions to enhance understanding of system trends, best-practices, and technologies and share with European divisions in systematic and timely manner
Scope/define and manage projects comprised of internal and 3rd party research resources.
All other duties as assigned.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Market ResearchBusiness Case StudiesData AnalysisStrategic ThinkingCore Marketing SkillsBusiness Acumen

Required

Bachelor’s degree, preferably in marketing or other related field.
5+ years of experience creating business case studies and analysis, building market insights that drive success and product growth.
Ability to translate marketing insights into technical implications
Demonstrated experience in working with cross functional teams
Strategic thinking and ability to connect the dots
Proven ability to manage complexity and change and capability in building up a new team
Ability to work pro-actively, result-oriented and hands-on
Proven ability to generate respect and trust from staff and work collaboratively with colleagues to create a result driven, team-oriented environment.
80/20 mindset, ability to prioritize.
Global awareness and ability to work on domestic and international project teams
Experience to analyze and forecast quantified product turn over forecasts on available and systematically assumed data

Company

ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $15.9 billion in 2022.

H1B Sponsorship

ITW has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (14)
2022 (19)
2021 (27)
2020 (27)

Funding

Current Stage
Public Company
Total Funding
unknown
1978-01-13IPO· undefined

Leadership Team

M
Michael M. Larsen
SVP and CFO
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Monica Wright
Global Divisional CFO | Controller
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Company data provided by crunchbase
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