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Adopting a Rapid Digital Innovation Process

Paul Hobcraft

The need for innovation results has sped up considerably. The belief that lean management principles will get the innovation out of the door quicker, has been one of those management adoptions that often trick us into believing we are achieving more than we actually are. This demands a radical redesign of the innovation process.

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Recognizing the Building Blocks of Innovation

Paul Hobcraft

Many tools, techniques, frameworks, mechanics, and emerging methodologies have allowed different parts of the innovation process to be explored and exploited. We are moving innovation along but not at a pace or design that reflects the need to connect “it ” into one comprehensive process.

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What Did the Pandemic Teach Us About New Product Development?

Planview

The paper outlines six key practices for accelerating new product development and innovations based on examples from companies representing various industries. However, our discussion with Dr. Cooper mainly focuses on three of those six practices: Effective Portfolio Management Lean Development Agile Stage-Gate.

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5 Innovation Lessons from the Backstory of OpenTable.com

Leapfrogging

When restaurants have several years of data in the system, the next several weeks of reservations lined up in it, a staff that’s been trained on how to use it, and a large percentage of their reservations coming through it, they’re essentially locked into the model. This wasn’t part of OpenTable’s original thinking or strategy.

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Business Model Innovation: 5 Frameworks for Success

Qmarkets

By mapping out each component, companies can identify areas for innovation and explore how changes in one area may impact others. Lean Startup Methodology The Lean Startup methodology , created by Eric Ries, emphasizes the importance of rapid prototyping, validated learning, and other iterative product and service development techniques.

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So Where Is Innovation Heading?

Paul Hobcraft

They point out that since 2014, only four types of innovation and that are all related to digital, have grown increasingly in importance in their pursuit by companies. So the need to innovate comes from digital as the source. It will fundamentally change the type of resources innovation requires.

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Building a lasting innovation capability

Jeffrey Phillips

By now, everyone in your organization knows how to do lean, agile and six sigma. I am a firm believer in defining a fungible innovation process - a set of steps to help ensure that innovators complete a set of activities and learnings before they recommend an idea. Develop real training to build skills.