The BMI Lab Blog

AUGUST 17, 2021

Researchers Michael Leatherbee and Riitta Katila recently published a paper in the Strategic Entrepreneurship Journal that shows how and why lean startup’s emphasis on “customer discovery” (directly testing business hypotheses with potential customers during product development) does help teams converge on business ideas.

LEAN 52

LEAN Innovation Tips Technical Review 52

The Inovo Group

OCTOBER 16, 2019

Most corporate business functions – new product development (NPD), quality, sales, R&D, marketing, etc. Blank, Steve; Why Companies Do “Innovation Theater” Instead of Actual Innovation ; Harvard Business Review, October 7, 2019. Maurya , Ash; The Root Cause for Innovation Theater and How to Avoid It ; Medium; Mar 19 , 2019.

System 53

System Innovation Groups Leadership 53

Brunner

AUGUST 12, 2020

That’s something the brand didn’t realize was going on, and that has clear product development implications. “Crumbling them over yogurt, heating them up in the microwave, chopping them up and eating them over the course of the day,” Perz recalled. Social intelligence can help answer that question.”.

Analysis 40

Analysis Tools Data Artificial Inteligence 40

Planview

APRIL 28, 2019

Iron Chefs consisted of 14 to 15 employees selected for their specific skill sets in areas such as product design, product development, customer service, and marketing. Recipes were developed over time covering areas like design-thinking frameworks, pilots and market scans. 9,381 votes on ideas. 10,759 views.

Culture of Innovation 49

Culture of Innovation Engagement Culture Innovation 49

Innovation 360 Group

MAY 2, 2018

Some of the other highlights included reduced energy consumption and shortened product development cycles. We look forward to replicating these successes in 2019 and beyond, as more companies and industries become aware of innovation as an engine for sustainable, profitable growth.

Project 40

Project Analysis Tools Collaboration 40

Idea to Value

MARCH 7, 2022

Agree on an internal definition at your company – solicit input from all over the organization, not just those in product development, IT and the C-Suite. Esther Gons is the co-author of The Corporate Startup, winner of the 2019 Golden Axiom Business Book Award and the 2018 Management Book Of The Year Award.

Innovation 246

Innovation Technical Review Creativity Leadership 246

Wazoku

MAY 2, 2019

London-based SaaS eyes global expansion and product enhancement, as demand for idea management set to reach £1.17bn by 2022. It will also allow us to continue to deliver a market leading product through further investment in product development and data science capability.”. London, United Kingdom.

Idea Management 11

Idea Management Management Engagement Groups 11

Daniel Burrus

FEBRUARY 6, 2019

Develop new solutions based on those answers and base your product development on your customer’s future problems. Unfortunately, most companies come up with something new and make it their main product. Other companies copy the product, and then market saturation occurs. FAILURE TO DE-COMMODITIZE.

Collaboration 71

Collaboration Strategy Strategy Competition 71

ITONICS

NOVEMBER 20, 2019

Mark Coopersmith from UC Berkeley , talked about how successful leaders driving innovation are more failure-savvy and have a more productive relationship with failure. He believes there are parts of the business where you even need to encourage failure, for example for new product development or marketing campaigns.

Agile 47

Agile Innovation Data Innovation Programs 47

Paul Hobcraft

APRIL 10, 2019

BCG suggests that nine out of ten companies in their recent survey for the report “The Most Innovative Companies 2019” are investing in AI. Adapting a product to the need of one person’s preference has been pushing the final adaptation to that persons need up the chain in production. I wrote recently ( here ).

Survey 186

Survey Software Industry Design 186

IdeaScale

JULY 21, 2021

Ben: So the product development in our network is generated, owned and driven by the talented, smart, hardworking product teams in our member firms. I’m much more focused on trying to source and raise awareness for local products that are looking for a global adoption potential.

Innovation 130

Innovation Innovation Programs Innovation Management Tools 130

Acuvate

SEPTEMBER 12, 2019

The 2019 State of Ecosystem and Application Integration Report concluded that there is a costly gap in the solutions and strategies required to support modern businesses. According to a recent report , these issues are costing businesses between $250,000 and $500,000 annually.

Underperforming Technical Team 56

Underperforming Technical Team Artificial Inteligence Data System 56

Innovation 360 Group

AUGUST 25, 2019

Significantly shortened product development cycles. Defining a value proposition is critical work for an SME that wants to engage with the customer and shift from a product mindset to a value mindset. Average Growth of 12%, higher than the national GDP of 5%. Revised business plans to continue the journey of sustainable growth.

Case Study 51

Case Study Underperforming Technical Team Project Study 51