Lean Product Development Processes For Innovation And Speed

Innovation Excellence

Through our hands-on work with clients, we have developed a lean product development process. It is a methodology that depicts key milestones, but supersedes specific engineering models such as waterfall or Agile. However, we have incorporated selected practices from the agile toolkit to enhance innovation and speed products to market. Innovation Management Product Innovation R&D Lean Product Development

How Tech Startups Fit Into a Corporate Product Development Strategy

Rocketspace

For many industry-leading enterprises, a partnership with a high-growth tech startup has helped to unlock valuable product development opportunities. With support from a value-driven and agile startup partner, corporates can effortlessly test and optimize products in a controlled environment. Through these types of powerful innovation strategies, corporates can build products that better align with customer preferences, wants, and needs.

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Accelerate your new product development!

One2Team

According to a study conducted by Stage-Gate International, 82% of innovation ideas remain stuck in the development stage and 50% of new products launched on the market fail to reach their goals. With its 100% agile New Product Innovation (NPI) solution, One2Team helps you gain efficiency at every stage of the innovation, development and product launch process. stage gate process new product portfolio R&D digitization

How to Speed Up Your New Product Development Process by 30%

Innovation 360 Group

A new product development process that works at lightning speed requires new ways of working plus new ways of innovating. In this post we will cover how to: Cut your development cycle time and free up working capital. Using the Horizon Model enables businesses to make appropriate investments in the development of new ideas and cascade them from conceptual to practical products systematically while mitigating risks. Tips from top new product developers.

Using Lean Innovation in the Product Development and Commercialization Process

Moves the Needle

In today’s fast-moving business landscape, the ability to commercialize products quickly and efficiently is imperative. Companies that successfully bring new products to market rapidly, benefit from having a leg up on their competition while diminishing the negative effects of shrinking product life cycles. However, moving a product from lab to market is a process that in itself could use re-invention. Lean Innovation doesn’t begin and end with product development.

Three Keys To Meeting The Challenge of Multi-Platform Product Development

Innovation Excellence

Each platform has its own development team, its own Program Manager and its own Project Manager. collaboration culture Customers Design Innovation Management Product Innovation R&D agile Cross Functional Alignment Cross Platforms Development TeamsScenario: A technology company is creating a consumer electronics solution that involves hardware, software and web components.

The Art of Agile

etventure

In this article, etventure’s Head of Product Gregor Ilg will take a closer look at the buzzword “Agile” – and de-mystify Agile in a business context. Agile development has been around since the 90s, and became popular shortly after the turn of the millennium, when the Manifesto for Agile Software Development was formulated and signed by Kent Beck and 16 fellow software developers. What is Agile? Before Agile.

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Digital Transformation and Its Impact on New-Product Management for Manufacturers

InnovationManagement

For the manufacturer undertaking new-product development, Digital Transformation means smart new products with embedded software. Digital products in turn require software and hardware development teams to work together – a hybrid project – which ultimately leads to combining software development methods with the more traditional gating process that manufacturers use.

Collaboration increases market agility

Xinova

“The complexity of getting products to market and the speed of which they’re trying to get the products to market is decreased,” – Michael Keer (@PRG_Mkeer), CEO, Product Realization Group. Keer’s rationalization is that getting a product to market, particularly physical products, takes […]. Inventor Community agility collaboration expertise innovation IRI market product development product innovation

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Collaboration increases market agility

Xinova

“The complexity of getting products to market and the speed of which they’re trying to get the products to market is decreased,” – Michael Keer (@PRG_Mkeer), CEO, Product Realization Group. Keer’s rationalization is that getting a product to market, particularly physical products, takes […]. Inventor Community agility collaboration expertise innovation IRI market product development product innovation

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How EVAS Can Facilitate Organizational Agility

AureaWorks

Organizational agility is often supported or hindered by an organization’s project management methodology. Companies that use traditional PPM have a harder time creating an agile environment that supports change because of the lack of valuable performance and predictive data, which is why organizations — especially those seeking to be more agile — are making the switch from traditional PPM to EVM. That continuous improvement is a key aspect of agility.

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The UX Professionals’ Guide to Working with Agile Scrum Teams

Boxes and Arrows

The adoption of Agile software development approaches are on the rise across our industry, which means UX professionals are more likely than ever to support Agile projects. Many UX professionals seem stymied by the challenge of effectively integrating UX within an Agile development framework –but there are others in our field who have encountered the same problems yet are finding effective solutions. Perception of UX as less valued than development.

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Agile Innovation Manager Training

ITONICS

We offer a training to become an Agile Innovation manager in cooperation with our partners from Innovation Alliance. This modular training program ensures that you benefit from the Innovation Alliance’s many different fields of expertise and leads to the title of Agile Innovation Manager. get an insight into how Agile Innovation Management really works. find out how to develop market-relevant products from your ideas in a structured way.

How to be More Agile as Competitive Advantages Fade

New Markets Advisors

It’s how to build agility into your organization such that you can adapt as the strength of those advantages diminishes. To help your organization become more agile, I offer four pieces of advice, each of which ties to an essential element of agility. According to a recent McKinsey survey , one of the biggest differentiators between agile organizations and non-agile organizations is a commitment to actionable strategic guidance.

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Agile Innovation Manager Training

ITONICS

We offer a training to become an Agile Innovation manager in cooperation with our partners from Innovation Alliance. This modular training program ensures that you benefit from the Innovation Alliance’s many different fields of expertise and leads to the title of Agile Innovation Manager. get an insight into how Agile Innovation Management really works. find out how to develop market-relevant products from your ideas in a structured way.

Lean & Startup Patterns – Interview with Sam McAfee

Grasshopper Herder

Q: What are the differences between Agile Software Development and Lean Software Development? A: At the highest level, the difference between Agile and Lean software development is mainly […]. Lean Startup Teamwork & Leadership lean manufacturing lean product development lean startup(Sam McAfee is the Chief Technology Officer of POPVOX and author of Startup Patterns.

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An Answer to the Pains of Integrating Agile and UX

Boxes and Arrows

Although I was attending as a sponsor/exhibitor for Indigo Studio, I did manage to break away to go to the “There’s more than one way to skin a cat: Integrating UX into an Agile environment” session. As sometime director of Design at Infragistics, I personally have had first hand experience trying to integrate UX into an existing, established Agile engineering process with large-ish teams. The answer situates itself within the Lean approach to product development.

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Bringing User Centered Design to the Agile Environment

Boxes and Arrows

Unfortunately, the enthusiasm I had for my new job waned after six months when an executive was appointed Head of Product Development—who insisted he knew SCRUM 1 better than anybody. As the Creative Director, I deferred authority to him to develop the product as he saw fit. This required the design team to work a “Sprint&# (month long iteration) ahead of the development team. Where did Agile come from?

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A Beginner’s Guide to MVP

etventure

In our beginner’s guide to MVPs our Head of Product, Gregor Ilg, explains what a minimum viable product is, how it is developed and how it can help companies to enhance innovation. MVP” is an acronym for “minimum viable product”. During the last couple of years the MVP has become the holy grail of agile product development – but there are still a variety of different interpretations about what “MVP” really means. What is an MVP?

Case study of agile and UCD working together

Boxes and Arrows

Large scale websites require groups of specialists to design and develop a product that will be a commercial success. To develop a completely new site requires several teams to collaborate and this can be difficult. This case study shows how the ComputerWeekly user experience team integrated with an agile development group. At this point the development team maintained the site with an agile process.

The Business of Two-Speed IT

etventure

The speed boat uses the MVP approach , together with agile software development and user-centric design. About the author: Martin Rudloff leads the Development team at etventure, and is the primary architect of etventure’s etv-CORE middleware platform. News from the Digital World digitization Product DevelopmentWhat is Two-Speed IT? How can it accelerate time-to-market?

Have the Banks already been Disrupted?

Matthew Griffin

Their founders are busy scouring the markets, listening to consumers and using agile, low cost 21st Century technologies to design new, easy to adopt financial products and services like Peer to Peer lending, Bitcoin and blockchain virtual currencies, AI driven Wealth Management solutions without the Wealth Management advisors and elegant API driven Personal Financial Management solutions that give consumers new investment choices and more control over their family fortunes.

Top 5 Innovation TV Shows

Robert Brands

Innovation takeaway: Innovation within a company should not be limited to corner-office executives, product experts, engineering departments, and Research & Development teams. When the undercover bosses worked with bottom-level employees at their organizations, they often learned that professional expertise and diplomas on the wall alone doesn’t lead to innovation and new product development. Innovation on TV: The Top 5 Innovation-Inspired Shows .

The secrets behind building a Unicorn

Matthew Griffin

You’ve heard their names and you’re already using their products and in many cases they are now the new market leaders, the companies everyone wants to be or to beat. Development. Over the years I’ve found that there is a common misconception that creative types – innovators and inventors are born and that only a small subset of society are deemed capable of being able to conceive great new products but that’s myth. Stage 2: Development.

How to Incorporate Client Feedback into Your Product Roadmap and Plan for Iteration

AureaWorks

Regardless of the project’s scope or your company’s size, product development requires client feedback. This applies both to external customers who are buying from your company or other teams within your organization that have requested the product. Without involving these stakeholders in the project, the design and development teams will inevitably double their workload when the prototypes — or worst-case, the finished products — are returned for adjustments.

Why mindsets matter in digital innovation & transformation

ImagineNation

In our March blog “Taking the path to digital transformation” we described how leading innovators, R&D and new-product development have become digital innovation endeavors. Innovation Blog Business business transfromation Culture culture change customer experience digital innovation digitization Innovation innovation agility innovation culture OGI® Technology

Upskilling to drive growth in the new economy

ImagineNation

The report goes onto state paradoxically: “On the one hand, these reflect the adoption of new technologies—giving rise to greater demand for green economy jobs, roles at the forefront of the data and AI economy, as well as new roles in engineering, cloud computing, and product development. That these technologies, with human-machine interaction, will bring numerous benefits in the form of higher productivity, GDP growth, improved corporate performance, and new prosperity.

Incubation is the Hard Part Between Discovery and Success

The Inovo Group

The processes, methods and tools used for New Product Development (NPD) are insufficient for strategic innovation [1] and strategic innovation is necessary for the accelerated growth that companies demand. If you are not embarrassed by the first version of your product, you’ve launched too late.”. In digging further, they came to the realization that it was the stage-gate process itself (even with the new agile stage-gate modifications) that was the limiting factor.

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How to Avoid a Marketplace Flop

Econic

Since Gerber had already built such a strong brand with parents, they had a hunch that the best place to expand was by providing more products to parents. They invested millions of dollars into this product creating thousands of these jars, buying shelf space, and putting these into stores. It made sense to sell a new product to the market who was already buying their baby food. Because most people who try to create new products follow the same process that Gerber did.

Strategy Sprints – A DIY Guide

Innovation Excellence

A software developer practicing "agile" thinks of it as a short, iterative cycle of work, often weeks or months, rather than seconds. An entrepreneur practicing "lean startup" methods thinks of it as minimally viable product development effort of a week or less. The word sprint means different things to different people. A runner thinks of it as a race, a mad dash of a few seconds.

Why mindsets matter in digital innovation

ImagineNation

In our March blog “Taking the path to digital transformation” we described how leading innovators, R&D and new-product development have become digital innovation endeavors. Flexible organizations will be more open to changing processes and structures, valuing agility and responsiveness in meeting new and emerging needs of stakeholders, partners & consumers. Developing a culture that supports digitization, transformation and innovation.

Startup Engagement in Corporate Innovation

Integrative Innovation

Such results are easier to accomplish by playing around with P&L and balance sheets than dealing with actual customers, demand driven product development, and creation of actual revenues (“Corporate accelerators want to get rich on your equity, but you want customers.”). Recently, Match-Maker Ventures and Arthur D.

Empower Operational Employees to Innovate

Gregg Fraley

Companies are investing in innovation training, mostly learning frameworks like Lean, Agile, or Design Thinking. Nearly all that training is for dedicated innovation teams , or employees who are focused on new product development. Engaged support for strategic and tactical innovation initiatives developed by others. Reduced expenses through greater efficiency and productivity in internal processes. The Benefits of Innovation Training for Operational Employees.

The Right Way to Do Lean Research

Boxes and Arrows

Let’s say you’re building a brand new product. You want to get the opinions of people who might actually use the product, and nobody else. If you’re building a product for astronauts, you almost certainly don’t want to know whether I like the product. If you make any changes to your product based on anything I say, there is still no conceivable way that I’m going to buy your product. Discovery, Research, and Testing Special topic: Agile/Lean UX

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Innovate your processes before innovating your products

Jeffrey Phillips

No matter how good your ideas are today, most firms cannot hope to realize them as new products or services for months or years. We teach trend spotting and scenario planning to our customers to help them understand the importance of recognizing emerging needs and emerging segments, because the great ideas they generate won't become products or services very quickly. What will the world look like when we are ready to finally release a product based on an idea from the past?

Achieving Disruptive Innovation

The Human Factor

Fast-forward to today, and several years have passed since Apple has come up with a truly disruptive product. Apple still makes great products, but they don’t seem to capture our imagination like they once did. Instead of seeking customer input or looking for new ideas outside their industry, they use internal ideas to get slightly better versions of existing products to market quickly and cost-effectively. How do we know if a new product will add value to our customers?

The innovation skills you need

Jeffrey Phillips

When a company that has both succeeded at innovation and failed utterly at new product development and launch (remember New Coke?) Panayioutou says that Coke needs people who can spot trends, help Coke analyze what customers want and create more agility and speed. She's looking for people comfortable with creating and promoting change, who can help disrupt existing products and markets.

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Innovation fundamentals: using time effectively

Jeffrey Phillips

Good innovation, like good cooking or the development of a human being, takes time, and time is something that is so constrained that most innovation projects simply compress time into manageable blocks, and in doing so compress and constrain good ideas. There are at least four concepts of time I want to discuss that matter to innovation: elapsed and committed time, development and launch time, and the opportunity window. Getting a product to market can take years or even decades.

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Forget Best Practice, Think Always Of Learning Next Practice

Paul Hobcraft

Agility, adaptability & innovation. Agile product development. Often you hear the request made: “Can you give us a best practice snapshot; we would like to get a sense of where we are”.

Innovation - fast and slow, for the right reasons

Jeffrey Phillips

These words include adjectives such as "lean", "agile" and "rapid", to make the point that innovation should be stripped to its bare components, move as fast as possible and create minimum viable solutions. Far too many innovation activities start with ideas and move quickly to create minimum viable products, but these activities lack good understanding of the emerging future and lack customer insights and needs. No amount of lean tools or agile methodology will change that.

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Innovate like a Software Start-up

Destination Innovation

Large organisations tend to treat major new product developments as serious projects which require serious resources. However, despite all of the management science the large majority of new products fail – certainly in the fast moving consumer goods sector. These new-born enterprises have limited funds and limited time – if the funds run out before the product is proven they die. Develop a value proposition which answers these questions.

Which is better – Planned or Emergent Innovation?

Destination Innovation

For new products the projects might go through a stage-gate process where they have to clear certain hurdles in order to have extra resources released. Most people work in their departments on the current model while a handful of innovators drive change initiatives or new product developments. The ideas that don’t work are discarded and the ones that show promise are developed. Then the director and producer skilfully design a creative and dramatic production.

What is Lean Innovation? Components and Examples

Moves the Needle

And in practice, we combine three important ideas: design thinking, Lean Startup, and agile methodology. Applying these principles or methodologies throughout an enterprise helps mitigate the risk of producing products or services no one wants , and allows the allocation of capital and resources to ideas that create value. When designing something, (ie: a technology, a product, a marketing material…) it is paramount to keep the needs of the end user in mind.