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L.I.V.E. (Lean Innovation, Validation & Execution): A new, more effective way to manage multiple innovation projects

Idea to Value

Traditional project management and financial management processes and principles are designed to produce robust plans for exactly how a project should run, and select only projects which are likely to succeed. Clear in design ( “we know roughly what the perfect solution looks like and how it needs to be configured “).

Project 241
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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

It’s about introducing features, functionalities, or designs that meet emerging customer needs or tap into uncharted market segments. Employing user-centric design and iterative development processes, businesses can ensure their product innovations resonate with their target audience and stand out in the marketplace.

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Value Stream Discovery

Moves the Needle

The term originated in the United States lean manufacturing movement of the 1980s and 1990s. The idea behind lean manufacturing was to maximize customer value while minimizing waste, resulting in increased efficiency and profitability. Aware The awareness state is when a customer first becomes aware of a product or service.

LEAN 40
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Three Tools I Use to Enhance Customer Engagement and Innovate Strategically

Fehmida Kapadia

We have started integrating the agile and lean methodology (popularized by the IT industry) into our waterfall methodology (popularized by the manufacturing industry). The key tenet of agile and lean development is to quickly and iteratively build?—?test?—?learn. The Design Thinking Methodology of Empathy?—?Define?—?Ideate?—?Prototype?—?Test

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Why it Pays to Iterate if You Want to Innovate

Inceodia

Their creations are designed to solve problems, not to be “cool”. Development was a sequential affair, created in the industrial age where organizational culture and process were designed around the assembly line. What hasn’t changed is the design of the business organization. 21st Century Innovation is Challenging.

LEAN 40