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Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

McKinsey in 2011 identified that 72% of transformation programs fail to deliver on their targets so there is an awful lot of thinking, planning and working through any transformation to make sure you end up with the 28% of the success stories. Digital disruption is the impact of digital technologies and business models on a company’s value proposition and market position. Let me finish on one example already successfully working in today’s market.

Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

McKinsey in 2011 identified that 72% of transformation programs fail to deliver on their targets so there is an awful lot of thinking, planning and working through any transformation to make sure you end up with the 28% of the success stories. Digital disruption is the impact of digital technologies and business models on a company’s value proposition and market position. Let me finish on one example already successfully working in today’s market.

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Scaled Agile Framework: what is and how it works

mjvinnovation

SAFe was developed in 2011 to help software development teams put better products on the market faster. SAFe tries to gain a broader view of the product (s) and deadlines, allowing – in an ideal world – some flexibility, with an approximate roadmap of the next 8-12 weeks. This is usually done through some restructuring of the PI roadmap and may include: refinement of requirements for PI: Can some requirements be postponed until a later date?

Agile 40

7 Things Every CEO Should Know About Their Patents

Anaqua

Even in the most extreme cases where there is a perfect intersection of data, analytics, valuable metrics, and huge incentives to utilize and optimize, we see both surprising catastrophic failures, and stunning opportunites in markets. To give two stark examples, we turn to the market crash of 2008 – caused by a cascading failure in financial markets that devastated our economy and destroyed market capitalization – in 18 months, the Dow lost over 50 percent of its value.

Warm and Fuzzy at the Front End of Innovation

Paul Hobcraft

I feel there is a real shift potential through connecting technology and connected solutions to ‘transform’ this front end. I wrote about “ hearing all the voices of ideas at the front end and the “ two distinct parts of the innovation funnel ” building from my original post “ the new extended innovation funnel “, written in 2011. Many innovations emerging from this internal orientation are lacking real market and customer awareness.

What is innovation management and why your organization needs it

hackerearth

An innovation process “connects upstream idea valuation to downstream production and release to market.” Innovation Management is about more than just planning new products, services, brand extensions, or technology inventions. For instance, an emerging business is likely to be focusing on one main product, unlike a mature organization that is looking to fortify its position in the market or find new, disruptive innovations. Increases market success.

What is innovation management and why your organization needs it

hackerearth

An innovation process “connects upstream idea valuation to downstream production and release to market.” Innovation Management is about more than just planning new products, services, brand extensions, or technology inventions. For instance, an emerging business is likely to be focusing on one main product, unlike a mature organization that is looking to fortify its position in the market or find new, disruptive innovations. Increases market success.