Dick Lee Ph. D.

Dick Lee Ph. D.

Author ∣ Keynote Speaker ∣ Value Innovation Guru ∣ CEO & CIO ∣ Small Bus. Champion ∣ 3.3K∣

Greater Denver Area
Management Consulting

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Dick Lee Ph. D.'s Overview

  • President and Chief Innovation Officer at Value Innovations, Inc.
  • VP Strategic Business Operations at Johns Manville
  • VP R&D at American Hospital Supply
  • VP and General Manager at Elgar Electronics
  • VP and General Manager at Gould Inc.
  • Manager, Catalyst R&D, Automotive Products Div at Honeywell - Universal Oil Products
  • Shene Grammar School

500+ connections


Dick Lee Ph. D.'s Summary

I am a CEO, an author, inspirational speaker, recognized international expert in innovation and value innovation management. I have had P&L responsibility for divisions of Fortune 500 companies and led their R&D organizations. I have generated successful outcomes in the building materials, oil and gas, electronics, energy storage and medical products industries

I am the CEO & Chief Innovation Officer of Value Innovations, Inc. (Vi). We focus on Value Innovation Management, helping clients "Deliver exceptional value to the Most Important Customers in their Value Chain(s)"). We offer consulting services (>70 clients in Asia, NA and EU), workshops (>180 organizations: e.g., American Vanguard, Bekaert, Chevron, P&G, Singapore Telecom), webinars (>300 organizations) & software.

I have been a keynoter on value innovation management around the globe. I share experiences working in corporate America, my 28 years with the Industrial Research Institute, innovation management, and working with over 300 clients. Whether it's Kim and Mauborgne's Blue Ocean Strategy- Value Innovation, or Eric von Hippel's customer centric innovation or Clay Christensen's disruptive innovation, Henry Chesbrough's Open Innovation, I share my thoughts and observations. All large companies and small businesses must tailor their innovation management process to its culture to manage innovation successfully.

I was the VP and general manager of the Portable Battery Division (Gould Inc.) and Elgar (McGraw-Edison); the VP R&D for Pharmaseal (American Hospital Supply); and the VP strategic business operations at Johns Manville. I started my career as an inorganic chemist at UOP's R&D Center in Chicago, IL. I have a Ph. D. in inorganic chemistry from the University of London. I am a Fulbright scholar (UK to US) and today I'm a member of The Fulbright Academy.


Blue Ocean Strategy, Blue Ocean Tools, Strategy, Blue Oceans, Red Oceans, Value Innovation, Value Innovation Process, Innovation, Value Chains, Value Curves, Keynote Speaker, Motivator, Leader, Leadership Training, Innovation Consulting, Innovation Instructor, Innovation Trainer, Innovation Workshops, Innovation Webinars, Innovation Software, Innovation Culture, Interviewing, Contextual Interviewing, R&D, Management, Value Innovation Works, New Products, Breakthroughs, Small Business Champion

Dick Lee Ph. D.'s Experience

CEO and Chief Innovation Officer

Value Innovations, Inc

Privately Held; 11-50 employees; Management Consulting industry

August 1999Present (15 years 2 months)

Castle Pines, CO: Value Innovations, Inc. (Vi) is a privately held C Corporation, incorporated in 1999. Originally the company developed software to web enable the Phase-Gate Process but transitioned to delivering products and services to support value innovation.

Vi has 16 Team Members and a global network of Alliance Partners, the latest of which is SingingDog with offices in Palo Alto, CA. We have Partners in England, India, Serbia and the US. No matter where you are in the world, we have the resources to help you with your innovation needs!

Most people who attend our 2-Day Mastering Value Innovation Workshop rate it the “best training event they’ve ever attended.” Representatives from more than 120 organizations have been to our >90 Innovation Workshops which have been held in 10 countries on 3 continents since 2005. Vi awards white, yellow, green and black belts in value innovation methodology and tools.

Vi has provided consulting services to over 40 profits and not-for-profits

In August, 2009 we set up the Mastering Value Innovation Best Practices Group. Member organizations are able share “Value Innovation Process Best Practices” among themselves and are finding it a great way to significantly increase the value they deliver to their most important customers.

President and Chief Innovation Officer

Value Innovations, Inc.

Privately Held; 11-50 employees; Management Consulting industry

1999September 2009 (10 years)

Castle Pines, CO: Value Innovations, Inc. (Vi) is a privately held C Corporation, incorporated in 1999. Originally the company developed software to web enable the Phase-Gate Process but transitioned to delivering products and services to support value innovation.

VP Strategic Business Operations

Johns Manville

Privately Held; 5001-10,000 employees; Building Materials industry

19881992 (4 years) Denver, CO

Organized Summit91: Recruited key decision makers from industry, academia and government to identify and discuss the issues related to US Competitiveness n global markets.

Delivered a keynote speech and introduced Lester Thurow from MIT.


American Hospital Supply

19851988 (3 years)

Valencia, CA: As VP R&D for Pharmaseal (American Hospital Supply) increased R&D productivity by >100% for 3 years. R&D Productivity was measured in Gross Margin $ from new products introduced in the year plus costs savings/divided by the # of R&D employees. In the third year, the total gross margin $ exceeded our total R&D investment

VP and General Manager

Elgar Electronics

Privately Held; 201-500 employees; Electrical/Electronic Manufacturing industry

19821985 (3 years)

San Diego, CA: The VP/GM at Elgar (McGraw-Edison). Elgar manufactured uninterruptible power supplies up to 50KVA and AC switching power supplies used to test sophisticated electronics on aircraft (e,g, F-16 & B-1B).

VP and General Manager

Gould Inc.

19771982 (5 years)

Mendota Heights, MN: Was Director of Product Development/Engineering and subsequently the VP and General Manager of the Portable Battery Division (PBD- Gould Inc.). Received Honorable Mention in the 1979 Presidents Performance Award.

PBD marketed and manufactured Ni-Cd and sealed Pb acid rechargeable batteries for the OEM and consumer markets. Ag-Zn batteries were manufactured for governments to power torpedoes launched from their submarines.

In 1978, we introduced Activair(R) the first zinc air battery used to power hearing aids. Activair button cells last twice as long as regular metal oxide button cells and voltage decline rate during discharge is negligible meaning that the user does not have to constantly adjust the volume - Recipient of an IR-100 Award.

Helped in the sale of the division to SAFT in 1982

Manager, Catalyst R&D, Automotive Products Div

Honeywell - Universal Oil Products

September 1968December 1976 (8 years 4 months) Des Plaines, IL

Des Plaines, IL: Started career as a research chemist at UOP's R&D Center and ultimately became Manager Catalyst R&D at UOP's Automotive Products Division (developed and manufactured vehicle emission control catalysts - first installed on 1974 model Toyotas, Mazdas, Fords and Chryslers).

I travelled frequently to Japan in the early '70s to help the engineering groups at Nissan, Toyota, Mazda, Mitsubishi and Honda understand how catalytic converters would help them meet the EPA's Vehicle Emission Standards in the US, including physical evaluation methods, lab and vehicle testing procedures.

Dick Lee Ph. D.'s Projects

  • Schwinn Upright Exercise Bikes, Recumbents and Ellipticals

    • June 2012 to September 2013
    Team Members: Dick Lee Ph. D., Value Innovations did not do the work - Nautilus was using our Value Innovation Process, Jake Petersen - Director of Product Development was the team leader

    Nautilus, the exercise equipment manufacturer, was experiencing a sales decline in Upright bikes in mid 2012. A 6 person team was tasked with reversing this situation. As a result of using the Value Innovation Process(R) and enablinmg tools, the cardio control was redesigned and a three speed silent fan, a USB port and upgraded speakers were added. The new products (three Upright Bikes: 170, 130 and A10) were introduced in September, 2013 and customers love the machines. Here are excerpts from reviews on Amazon: "I love the fan. Works great, cooling on the head and shoulders. Today I hooked up my iPhone and played my music. The speakers are great! LOVE this exercise bike!!!!"
    "Kudos to Amazon for all of their help and to Schwinn for building a really nice product. 5 stars"
    The result: The products are selling like hot cakes.
    Congratulations to the team at Nautilus, you did a great job!

  • Case Study for "Introduction to Value Innovation" on Udemy - FoldedPak's ExpandOS

    • November 2013 to Present
    Team Members: Dick Lee Ph. D., Brad Fehn

    This is a brief overview of a Value Innovation success story. It is one of six we are showcasing in our series of webinars being produced for Udemy, a leader in the on line learning space. It's 6' 29"

Dick Lee Ph. D.'s Volunteer Experience & Causes

  • Volunteer Experience

    • President

      Rocky Mountains Chapter of the PDMA
      • Science and Technology
      January 2010 December 2011 (2 years)

      Our chapter was focused on delivering monthly "keynotes" to practitioners who wanted to advance their skills in product development and product management

  • Volunteer Interests

    • Causes I care about:

      • Economic Empowerment
      • Environment
      • Science and Technology
    • Organizations I support:

      • All organizations that support Stage 2 and Stage 3 businesses

Dick Lee Ph. D.'s Publications

  • Value Innovation Works

    • Createspace.com (an operating unit of Amazon.com)
    • May 12, 2012
    Authors: Dick Lee Ph. D., Nina Goodrich

    This book is a pragmatic, repeatable guide to uncovering your Blue Ocean opportunities using the 10-Step Value Innovation Process®. Enabling tools for each of the 10-Steps are explained in detail and examples are provided throughout.

    Blue Ocean Strategy has been a major success and we congratulate W Chan Kim and Renée Mauborgne. Value Innovation Works starts where Blue Ocean Strategy stops.

    On August 7, 2013 the book had received an average 5 Star rating from 19 reviewers

  • Introducing the Value Innovation Process(R)

    • Udemy
    • December 30, 2013
    Authors: Dick Lee Ph. D.

    This Online course introduces the Value Innovation Process. It has 5 sections and five videos. Total recording time is approximately 50 minutes.

    The course focuses on some of the key tools that are used to enable the Value Innovation Process: Value Chains; The 3 Question Template to identify the Most Important Customer; Value Curves with Metrics and Contextual Interviewing. Company examples are provided.

  • Value Innovation Process(R) Success Stories

    • Udemy
    • January 3, 2014
    Authors: Dick Lee Ph. D.

    This Online course has 8 Sections and 8 videos. Total recording time is a little over an hour.

    Six success stories using the Value Innovation Process are presented: Aplicare (a medical products company that was acquired by Clorox); Chevron (the second largest energy company in the US); Compassion International (a $0.5B NonProdfit); FoldedPak (a VC funded start up): Nautilus (Manufactures and markets exercise equipment, a Stage 3 Company); NovaMin and gsk's Sensodyne Repair and Protect toothpaste (NovaMin was VC funded spin out from US Biomaterials that was acquired by gsk)

  • Value Innovation: Passport to Wealth Creation

    • Research*Technology Management
    • March 2005
    Authors: Dick Lee Ph. D., Thomas A. Dillon, David Matheson

    OVERVIEW: Although most managers will agree that innovation can be the passport to wealth creation, many of their actual business practices and behaviors fail to support the activities crucial to value innovation. In particular, many companies over-emphasize technology innovation and R&D, which, when used in isolation, are insufficient to create new wealth. Through literature review and interviews with value innovators, a subcommittee of the Industrial Research Institute’s Research on-
    Research Committee has defined a value innovation process, providing a framework to develop a new product, service or business model that will have a strong, positive effect on enterprise value.

    The subcommittee also created a Value IQ instrument to help companies understand their ability to value-innovate and identify those areas where changes in behavior and company culture may be required.

    The Value IQ Instrument provided great insights into a company's culture but it took 45 minutes to complete. The Value Innovation Process Assessment Tool was developed to provide an instrument that could be completed on line in <10 minutes.

    KEY CONCEPTS: value creation, value innovation process, enterprise value, company culture, corporate culture, stakeholder behavior, capability and capacity to innovate.

  • Identify Your Innovation Enablers and Inhibitors

    • Research*Technology Management
    • November 2008
    Authors: Dick Lee Ph. D., Thomas J. Balsano, Nina F. Goodrich, John W. Miley, Terri F. Morse and David A. Roberts

    OVERVIEW: Air Products and Chemicals, Alcan Global Pharmaceutical Packaging, Boeing, Milliken & Co. and Solvay Advanced Polymers have used the Value Innovation Potential Assessment Tool (VIPAT) to identify their Value Innovation enablers and inhibitors. Value Innovation is defined as delivering exceptional value to the most important customer in the value chain.

    The information obtained from the VIPAT allows managers to understand the cultural drivers for innovation within their organization and guide the creation of a more effective Value Innovation culture.

    KEY CONCEPTS: innovation assessment, value innovation, value innovation tools, organizational culture.

Dick Lee Ph. D.'s Skills & Expertise

  1. Innovation Consulting
  2. Business Modeling
  3. Product Development
  4. R&D
  5. Research
  6. Management Consulting
  7. Keynote Speaker
  8. Portfolio Management
  9. Venture Capital
  10. Contextual Interviewing
  11. Workshop Leader
  12. Blue Ocean Strategy
  13. Value Innovation
  14. Value Proposition
  15. Value Chain Analysis
  16. Value Curves
  17. Innovation Management
  18. Proven Leadership Skills
  19. B2B
  20. B2B Marketing
  21. Strategic Planning
  22. Non-profits
  23. Start-ups
  24. Mastering Value Innovation Workshops
  25. Open Innovation
  26. Disruptive Innovation
  27. Training
  28. Entrepreneurship
  29. Marketing
  30. Product Innovation
  31. Consulting
  32. Leadership
  33. Strategic Consulting
  34. Commercialization
  35. Competitive Analysis
  36. Management
  37. Nonprofits
  38. Product Marketing
  39. Strategic Partnerships
  40. Value Propositions
  41. Disruptive Technologies
  42. Education

View All (42) Skills View Fewer Skills

Dick Lee Ph. D.'s Education

University of London

Ph. D., Inorganic Chemistry


Activities and Societies: Bridge Team

Northwestern University

MS, Inorganic Chemistry


University of London

B Sc (Upper II Class Hons), Chemistry


Shene Grammar School

Physics, Pure Mathematics, Chemistry


Queen Scout

Activities and Societies: School Captain (head prefect), 1961 Captain of Cricket, 1960-1961 Captain of Soccer, 1961 Table Tennis, First Team Basketball, First Team

Dick Lee Ph. D.'s Additional Information


US Competitiveness, innovation, value innovation, new technologies, breakthroughs (business models, services, products and processes), public speaking, meeting people, international travel, India, listening to NPR, reading the Financial Times, appearing on Radio Talk Shows - especially Experience Pros Radio Show with Angel Tuccy and Eric Reamer, golfing and skiing

Groups and Associations:

Fulbright Academy member. There have been 300,000 Fulbrighters since its foundation in 1946. The Academy is a separate organization of individuals, universities, foundations and corporations who share collaboration goals & improving the quality of life of citizens around the world. Member company rep of the Industrial Research Institute, Washington DC: Past member of the Board of Directors & three time chairperson of the Emeriti Activity Group. Product Development and Management Association (PDMA): Past president of the Rocky Mountains Chapter of PDMA (2009-2011) RMPcamp: Member of the organizing team, 2010-2011 Founder of Small Business Network: Using the Value Innovation Process(TM) to drive growth Manager of Value Innovations Group (Innovation Methodology) on LinkedIn (>1,200 members) Value Innovations India Group (Innovation Methodology) on LinkedIn Manager of Innovation Leaders Group on LinkedIn (3,000 members) Blue Ocean Strategy Group (Value Innovation) on LinkedIn

Honors and Awards:

Fulbright Scholar, 1964-1966 (UK to the USA. Northwestern University and Universal Oil Products as an external student of the University of London)
IR-100 award, 1978 for Activair (zinc air) hearing aid batteries
Who's Who in America, 1993 through present
Black Belt in Value Innovation, 2000 through present

Contact Dick for:

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  • expertise requests
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