2012 Innovation Resolution: Turning Ideas Into Money

Robert Brands

In order to implement sustainable Innovation in 2012, you need to define innovation in a manner that makes strategic sense for your organization, and have the know-how to properly construct and use a process, plus the will to keep the process on course. The task may seem daunting at first, but it’s possible to develop a disciplined strategy that delivers Innovation time and time again for sustained long-term profitability. Formulate a New Product Development process.

Innovations to be thankful for… & the importance of the NPD process

Robert Brands

This week, let’s reflect on some of 2012’s best new ideations. Read on for a list of five amazing innovations that have been granted the prestigious Edison Award in 2012 ( [link] ). . POWERHOUSE Solar Shingle is a revolutionary new roofing product that combines the performance and protection of a conventional asphalt roof with an integrated photovoltaic solar system that powers the home. New Product Development Process.

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Supporting the “R” in R&D

Robert Brands

When it comes to Research and Development (R&D), a majority of the new product development process involves the “D” from concept to launch. Number of new products released. Current-year percentage sales due to new products. All Blogs General innovation new product development npd process open innovation r&d research and development robert's rules of innovation

Tips 40

I.N.N.O.V.A.T.I.O.N : Creating a Culture of Innovation

Robert Brands

Innovation in business is the development of new customer value through solutions that meet new needs, inarticulate needs, or current needs in new ways. RROI gives easy-to-implement and immediately useful ideas for setting and reaching goals like bringing “at least one new product per year to market.”. Innovation leaders need to provide the right support, both material, time and emotional, to stimulate new product development (NPD).

What drives Innovation and who owns it?

Robert Brands

The ideal innovation team is knowledgeable, resourceful, and motivated to drive ideation and product development. Every participant along the innovation process’s chain must embrace accountability as a champion of the idea, the development process, the success, and alternatively it’s failure (without risk, there would be no reward). Ownership is one of the key imperatives of Robert’s Rules of Innovation.

The Quality Chronicles

CorporateIntel

Information compounds on our desktops, the team with analysis paralysis most often loses to the nimble risk takers—but all this means is that in product development , the role of Quality Assurance (QA) has never been more critical. I have often heard the mantra from development teams: “Better, Faster, Cheaper—we can give you any two and a half.” You want an industry defining product, show us the money or don’t ask for a date.

Crowdsourcing Innovation

HunchBuzz

The recent economic down turn has made many organizations look at the way in which they do business, especially when it comes to developing and launching new products to market. Most of these companies thought nothing of spending millions in the research and development of such products, knowing that they could just tag a few extra bucks onto the final price that would offset the costs of R&D.

L'affaire Lichtenthaler still not over

Open Innovation

One is for an accepted article published online a year ago (5 June 2012), but not yet in print. The Wiley website says : The above article from Entrepreneurship Theory and Practice, “Technological turbulence and the impact of exploration and exploitation within and across organizations on product development performance,” by Ulrich Lichtenthaler, published online on April 2012 in Wiley Online Library, DOI: 10.1111/j.1540-6520.2012.00520.x, Conley, Nils Omland (2012).

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). Focus stage: Seed Published: 2012 more…. Customer Development (Blank).

Two years later, Lichtenthaler count stands at 16

Open Innovation

The article was published in the April-June 2012 issue of JET-M. Lichtenthaler Retractions: Two Years Later The first retraction of any article by Dr. Lichtenthaler began in June 2012 with an article retracted by Strategic Organization. At the end of 2012, I summarized the first calendar year of retractions of Licthenthaler articles, when the retraction count stood at 8 articles. respol.2008.10.009 ( Retracted by the editors, July 2012) Lichtenthaler, Ulrich (2010).

Innovation is a Company Wide Responsibility

ImagineNation

It’s a waste of time and money for everyone when an Innovation Team develops a product that the sales force refuses to sell, or that a manufacturing partner refuses to make. We realized that product development teams got much better results when they collaborated across boundaries.

Start With Mindset

Leanstack

Yes, it was a little over 10 years ago that Eric Ries started sharing a series of blog posts and giving talks on a new way of building products?—?ideas By now, “almost everybody building products” has at least heard the term and has been exposed to the big ideas. Adopting a fundamentally new product development process is no different. I launched the first bootcamp in September 2012 with just a napkin sketch of a curriculum. Time flies.

Start With Mindset

Leanstack

Yes, it was a little over 10 years ago that Eric Ries started sharing a series of blog posts and giving talks on a new way of building products?—?ideas By now, “almost everybody building products” has at least heard the term and has been exposed to the big ideas. Adopting a fundamentally new product development process is no different. I launched the first bootcamp in September 2012 with just a napkin sketch of a curriculum. Time flies.

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Guest Blog – Innovation is a Company Wide Responsibility

ImagineNation

It’s a waste of time and money for everyone when an Innovation Team develops a product that the sales force refuses to sell, or that a manufacturing partner refuses to make. When the product portfolio gets prioritized using financial measures like ROI, the more innovative programs always end up at the bottom, because of how the time value of money calculations work. We realized that product development teams got much better results when they collaborated across boundaries.

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? San Francisco, CA: Jossey-Bass, 2012.

Corporate Innovation: THEATRE, BULLSH*T, OR FUTURE-SHAPING CAPABILITY?

The Future Shapers

So to get our current innovation practice unstuck and in order to unlock true innovation potential, do we need to look at how we’re applying the fundamentals more effectively i.e. leadership development, curiosity, creativity, collaboration, culture, strategy, alignment etc? 1] Leaders don’t have to be hands on in product development but it is their energy, creativity and commitment to innovation which acts as a catalyst to organisation-wide development.

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.”

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.

A Beginner’s Guide to Web Site Optimization—Part 2

Boxes and Arrows

In this case, plan how to communicate and launch the change permanently to production. The creation of a new optimization test may follow a process that is similar to your overall product development lifecycle. We used the following list as a loose prioritization guideline: Recent product releases , or pages that have not yet undergone optimization. shopping cart checkout pages, detail pages of your most expensive products, etc…).

Get Real About Your Company’s Future

The Inovo Group

Fast-forward to 2012, five years after the introduction of the iPhone — and three years after release of Android and Samsung’s first smartphone – RIM, Nokia and others, using the best business tools available, were still projecting future growth based on past performance. Would it have a new product development or innovation process? These include the details of a future product or service, an experience or a business model.

When innovation led to a reversal of fortunes

hackerearth

He focused on a few target products and services and he did them well. The iPod wasn't the first MP3 player out there — before it came out I'd used models from Rio for my runs — but it took the shortcomings inherent in the existing products in the market and improved on them," said Jonathan Seff of MacWorld. It was a case of too many products and not enough profit.” Nintendo released Wii U in 2012. 1 PwC Advisory Oracle practice 2012.

99 Mental Barriers for Innovation Infographic

Open Innovation EU

In 2012 Rolf Dobelli published his book ‘ The Art of Thinking Clearly ‘, which contains 98 missers in our brain when it comes to business and marketing (and innovation if you like). A well-known example, the Not-Invented-Here-Syndrome is a stance adopted by social, corporate, or institutional cultures that avoid using or buying already existing products, research, standards, or knowledge because of their external origins and costs, such as royalties.