Remove 2007 Remove Competition Remove Crowdsourcing Remove Innovation Management
article thumbnail

The Role of Innovation in New Product Development: Three Approaches for Success

Qmarkets

In this blog we will share how crowdsourcing, incremental, and breakthrough innovation can be used as part of your NPD strategy throughout the FFE stage. 3 Successful Approaches to Innovation in New Product Development 1. Crowdsourcing is a great tactic to expand upon the initial seeds of an idea by using the wisdom of crowds.

article thumbnail

Top 3 Alternative Assets for your Business Innovation Strategy

Qmarkets

Benefits of Crowdsourcing Ideas Ideas have a huge amount of potential and can result in a variety of benefits for an organization. This can result in the formation of ideas for new products and strategies, which ultimately can create competitive advantage and deliver incredible ROI.

article thumbnail

Innovate, Adapt, Overcome: How to Beat a Recession with Idea Management & Continuous Improvement

Qmarkets

However, by developing an innovation strategy that anticipates a downturn, you can help your enterprise weather the storm and even uncover lucrative ways to gain a competitive edge. To gain that all-important edge, it’s advisable to survey the marketplace – through crowdsourcing projects, ? portfolio scouting campaigns , etc. –