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

Qmarkets

Innovation is essential throughout the entire new product development (NPD) process, but nowhere is it more key than it is in the Fuzzy Front End (FFE) stage. FFE is the starting point of NPD and is where new product ideas are generated before entering the formal development process.

How Apple created two giants

Matthew Griffin

Over the next ten years Apple sold over 320 million iPods and as they introduced more products such as the iPhone in 2007 and the iPad in 2009 which, at the time of publishing this article, have both respectively sold 421 million and 170 million units their annual revenues grew from $5 Billion to an eye watering $171 Billion. __. Click & Connect with Matthew: LinkedIn . mgriffin_uk . +44 44 (0) 7957 456194.

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71 Innovation Methodologies

Open Innovation EU

A while ago I sat down with Machiel Wetselaar & David van Dinther to create a list of innovation methodologies for a course we’re developing. New Product and Development Service Process (Hauser). New Product Development Front End (Khurana). Revolutionizing Product Development (Wheelwright & Clark). New Product Development Funnel (Katz). Developing Crowd Capabilities (Prpic). Customer Development (Blank).

A New Model to Start Innovation

Gijs Van Wulfen

The start of innovation is described by Wikipedia as the messy getting started period of a new product development process. It is in the front end where the organization formulates a concept of the product or service to be developed and decides whether or not to invest resources in the further development of an idea [i]. When a major design conference came to town in 2007, they saw an opportunity to earn some extra cash by renting out their spare floor space.

Successfully Merging Theory and Practice in your Innovation Program

Qmarkets

From 2003 to 2007, I have been in charge of the R&D project portfolio management line of business at a solution provider. In 2007, I co-founded Innovation Framework Technologies (IFT) in order to close this gap, to offer a combination of best practices and best software embedded in solutions that companies can actually and successfully use.

Successfully Merging Theory and Practice in your Innovation Program

Qmarkets

From 2003 to 2007, I have been in charge of the R&D project portfolio management line of business at a solution provider. In 2007, I co-founded Innovation Framework Technologies (IFT) in order to close this gap, to offer a combination of best practices and best software embedded in solutions that companies can actually and successfully use.

Themes for the practice of open innovation

Open Innovation

I first met Cheryl in 2007 — when I was hired to train Kimberly-Clark execs on open innovation — and in 2012 Cheryl invited me to present my research at CoDev2012 when it was in San Diego. Implement a flexible process from need identification into your stage-gate development process. There’s a lot of research on tools for innovation contests, but frankly the user innovation literature (such as Piller and Walcher 2006) is much further developed than OI is here.

Great to Good Innovation

IdeaSpies

Most of them were organizations that ‘make and sell’ products (Abbott Laboratories, Kimberly-Clark, Philip Morris, and Gillette Company). They were inventors of the 20th Century; many of which gave rise to the said products. Jack Ma (2000), Jeff Bezos (2003), Mark Zuckerberg (2004), Reed Hastings (2007), Brian Chesky (2008), Travis Kalanick (2009), Anthony Tan (2012). Yes, you read it right. The title of this piece is ‘Great to Good’.

Management Innovation:  Busting Bureaucracy

Strategos

While most of the client work that Strategos does is aimed at business model innovation, in recent years we have developed a principle-based approach to Management Innovation (see Mercy Salaz’s blog, Scope Creep ) and used this approach on several internal processes and practices such as product development. How can we re-imagine and re-conceive our product development process to be more agile and less bureaucratic? ” Harvard Business Press (2007).

Part 1: Accelerating the impact of Innovation Campaigns

Values Centered Innovation

In a 2007 McKinsey Quarterly article on “Leadership and Innovation,” the authors made it quite clear that “Innovation is a core driver of growth, performance and valuation.” Attract and develop human capital. Develop stronger marketing and branding. To transform HUMAN CAPITAL, innovative solutions are needed for: Attracting and developing new talent who are “ready and agile” – including Millennials. Increasing quality, efficiency, and productivity at all levels.

Digitization and digital transformation – an overview of the most important topics from the month of September

etventure

Digitization requires a change of perspective – away from engineering-based perfectionism and toward rapid, agile product development that uses startup methods. Yet until now, the potential for using digital tools to boost the productivity and efficiency of teamwork has hardly been tapped at all. When Apple presented the iPhone in 2007, “digitization found its most visible expression yet,” writes the paper’s editor, Guido Bohsem.

Agile 40

Method Mondays: Never stop learning

Boxes and Arrows

Once it is complete, analyze the results in a team and think of ways how to apply them to your service or product. It centers on the question “What should your product do?” which is often trivially answered: “Your product should be better.”. In the next step, comparing the current product development with the newfound perceptions of the future allows for improvement. Creating Breakthrough Product Through Collaborative Play , Addison-Wesley 2007, 56-61.

Emotional Design with A.C.T. - Part 1

Boxes and Arrows

These experiences help to forge relationships between the products we create and the people who use them. Whether you’re designing a website or a physical product, the formation of a relationship depends on how useful, usable and pleasurable the experience is. Ultimately, we form relationships with products and services for the same reasons we form relationships with people: Pleasurable products are attractive and make us feel good. 2007).

Get Real About Your Company’s Future

The Inovo Group

When Apple introduced the iPhone in 2007, Research in Motion (RIM) was a major player in a worldwide market that sold about one billion cell phones annually (the term “smartphone” was new). Would it have a new product development or innovation process? Envisioning the near-state helps determine the activities undertaken to achieve that state – in other words, the innovation and development of new offerings, business models, operational and organizational changes.

Emotional Design with A.C.T. – Part 2

Boxes and Arrows

Back in Part 1 , we looked at how the emotions expressed by people and products communicate personality traits over time. We also learned that customers are attracted to things that have an aesthetic personality that’s similar to their own, 1 but they prefer products that take on a complementary role during interaction. In Part 2, we’ll look at how relationships are formed when people interact with products over time, and we’ll explore how people experience the emotion of “love.”