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.

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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Governance Charter for Managing New Product Investments

Huub Rutten

Dear Reader, Joe the CEO , Leon the Product Line Director and Emily the Product Manager are hard working people, very motivated to make their company successful. There are so many layers between the Board room and for example a software developer or an industrial designer.

Governance Charter for Managing New Product Investments

Huub Rutten

Dear Reader, Joe the CEO , Leon the Product Line Director and Emily the Product Manager are hard working people, very motivated to make their company successful. There are so many layers between the Board room and for example a software developer or an industrial designer.

The CEO, innovation and cash gaps

Huub Rutten

His company develops, manufactures and sells discrete consumer products. Joe’s company is listed and he reports on a regular basis about the progress of the company to both the financial markets and his non-executive Board. Next: A Product Line Director with hands in the air.

The CEO, innovation and cash gaps

Huub Rutten

His company develops, manufactures and sells discrete consumer products. Joe’s company is listed and he reports on a regular basis about the progress of the company to both the financial markets and his non-executive Board. Next: A Product Line Director with hands in the air.

Product Management in the eye of the hurricane

Huub Rutten

Dear reader, some years ago I interviewed a product manager of a big company to find out how the role of product manager was defined and how it worked in the day to day practice. The company develops and produces complex instruments and equipment and is a world leader in its segment.

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.

Upskilling to drive growth in the new economy

ImagineNation

According to the World Economic Forum – Jobs of the Future Report , the Fourth Industrial Revolution is creating demand for millions of new jobs, with vast new opportunities for fulfilling people’s potential and aspirations.

Startup Engagement in Corporate Innovation

Integrative Innovation

Little have released an interesting report, titled “ The Age of Collaboration “ The study does a good job in synthesizing the global state of play of corporate-startup collaboration and latest findings on success requirements for its implementation. Without further ado I’d like to share some of the report’s key findings and visuals at a glance. For (worthwile) details, please delve into the report PDF. Recently, Match-Maker Ventures and Arthur D.

Staffing for growth and innovation

Jeffrey Phillips

But the question about staffing for growth, new products and innovation is an important and interesting question. The dreaded "day job" That's why so much new product development and innovation is accomplished in teams of people who are working beyond their normal responsibilities.

The Right Way to Do Lean Research

Boxes and Arrows

Sure, you can learn things just by chatting with your users, but too often what you’ll get is a combination of bug reports, random observations, feature suggestions, and other bits and bobs that will be very difficult to act on. 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. So, stop wasting your time talking to people who are never going to buy your product.

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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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So Where Is Innovation Heading?

Paul Hobcraft

Innovation has gone from being islands of knowledge, developing new products and services exclusive to that one company, then quickly copied by the competitors, into something radically different. There are significant shifts underway towards digital innovation in R&D and new-product development. The importance of big data, the speed of technology adoption, mobile products, digital design, and technology platforms are at the heart of innovation.

The Case for Dual Innovation

Tim Kastelle

It turned out compelling to me, given the inherent conditions a large company operates in, that decoupling explorative innovation (such as the development of new-to-the-company technologies and/or business models) from innovating the existing core business is mandatory for an organization in order to establish a balanced and sustainable innovation capability. With this dual model, innovation engine 1 is laser-focused on making existing products and capabilities continually better.

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Shifting Innovation Perspectives for 2019

The Future Shapers

So, I thought I’d share some of the key innovation statistics and reports from 2018 as well as attempting to answer some of those key questions. Whilst the above statistics would indicate that that was the case, delving through the reports I think there’s a pattern emerging which would suggest that 2018 may be the year in which innovation and innovation leadership started to mature. Strategy – Product Development.

8 best project management tools

mjvinnovation

A company specialized in product development for software developers and managers. Jira is one more case of project management tools focused on a specialty: software development projects. This element is a widespread pain among developers and designers, for example.

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GovTech Leaders 2020: What Does GovTech Really Need?

CREATORS

Govtech is the ecosystem in which governments collaborate with start-ups and scale-ups that use data intelligence, digital technologies, and innovative methodologies to provide products and services to solve public problems. You can download the report HERE. [1]

How Is Modern Integration Approach Driving The Future Of Digital Transformation

Acuvate

According to a report by IDG , 89 percent of enterprises plan or already have adopted a digital-first strategy by weaving data analytics, private cloud, and mobile technology into their operations. Create a team of experts in agile delivery methods to own and rule integration within your organization. According to a recent report , these issues are costing businesses between $250,000 and $500,000 annually.

9 Patterns of Disruption: The new cooking recipe for business disruption

Idea to Value

A light bulb went on for me as I was reading a series of reports from Deloitte University Press on disruption. This “ten type of innovation” allowed the collective ‘us’ to suddenly see innovations simply beyond products. Companies are now offering usage-based pricing on everything from cars to car insurance, giving them rich insight into how, when, and where customers use products and threatening to upend traditional business models where revenues depend on ownership.….

Overcome resistance and capture growth in the Financial Services Industry

Innovation 360 Group

We can embrace this opportunity by combining 21 st tools with industry expertise to deliver products and services that exceed our customers’ expectations. It drives innovation to a transactional level and leads organizations to seek the perceived lower risk of acquiring new ideas vs developing them in house. Often agile development initiatives are not ‘agile’ at all.

The importance of innovation management in digital transformation

hackerearth

The bottom right quadrant is reserved for strategists as that’s where they start their work to look at digitally-powered strategies for changes to business models and new products. According to a report by MWD Advisors and HYPE Innovation, innovation management practices and tools enable open, iterative, and collaborative change to support digital transformation. Digital technologies, and digitalization, in general, are completely changing the face of business.

Atelier Louis Zero: Spot, Play, Go,… Zero!

Innovation Excellence

She naturally joined Louis Zero’s team as Shake my Firm project manager and then took on the development of Louis Zero workshop as a whole. Born at the end of the economic monarchy, Louis Zero is a strategic design workshop that designs impactful products, services and business models.

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…).

The fallacy of "modern" management when it comes to innovation management

Moves the Needle

Today, the cost and time it takes to build, launch, and deliver new products at scale is lower than ever. They have more companies to choose from, more models for each product, as well as vast quantities of information on quality, functionality, value, and so on. This process worked best with relatively simple products with few differentiating factors between models and well-understood market demand. This wasn’t just for the product, but for the entire company.

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The Importance of Persistence: Building an Innovation System for the Long-term

The Inovo Group

Independent reporting – They were independent of core corporate functions like R&D, Marketing, and Business Development. They reported directly to the CTO. By simply counting the number of future-oriented sentences in annual reports we can predict future innovation by the firm”. Persistent innovation is about long-term commitment and the development, over years, of deeply ingrained behaviors and mindsets. Highlights.

The importance of innovation management in digital transformation

hackerearth

The bottom right quadrant is reserved for strategists as that’s where they start their work to look at digitally-powered strategies for changes to business models and new products. According to a report by MWD Advisors and HYPE Innovation, innovation management practices and tools enable open, iterative, and collaborative change to support digital transformation. Digital technologies, and digitalization, in general, are completely changing the face of business.

Atelier Louis Zero: Spot, Play, Go,… Zero!

Innovation Excellence

She naturally joined Louis Zero’s team as Shake my Firm project manager and then took on the development of Louis Zero workshop as a whole. Born at the end of the economic monarchy, Louis Zero is a strategic design workshop that designs impactful products, services and business models.

Part 1: Accelerating the impact of Innovation Campaigns

Values Centered Innovation

From the Conference Board’s CEO Challenge 2015 (with data from over 900 global executives), KPMG’s Global CEO Report 2016 (with 1,300 global executives), and Gartner’ 2016 CEO and Senior Business Executive Survey (400 global executives), these are the top challenges that CEOs say they face today: Accelerate and sustain business growth. Attract and develop human capital. Develop stronger marketing and branding. Increasing quality, efficiency, and productivity at all levels.

Building an Innovative Company Culture

Taivara

Employees who see their innovative thinking is not really valued (especially by middle-management to whom they report), will stop trying to create, stifling innovation. Encourage people reporting to you to experiment. Support your innovators Provide training in iterative, experiment-rich approaches to innovation and new product development. He helps clients develop their innovation culture and systems. Taivara Blog Post by Michael Shuchter.

Successfully shaping Digital Transformation

ITONICS

How to develop a clear strategy in the context of digital transformation? Accepting that every factor of a company (customer, employees, products, etc.) As a result, you can develop resulting fields of action. A = Agility: Agility stands for the ability to be flexible, proactive and ready for continuous market change and transformation in order to adequately react. How develop a clear strategy in the context of digital transformation? By Andreas Rusnjak.

Taking the path to digital transformation

ImagineNation

The Boston Consulting Groups’ (BCG) Most Innovative Companies Report 2018, states that: At leading innovators, R&D and new-product development have become digital endeavours. The Boston Consulting Groups’ Most Innovative Companies Report 2018, suggests that we ask ourselves three key questions and they all relate to taking a strategic, systemic and human centred approach to innovation: Strategy.

An Open Letter to Project Managers

Boxes and Arrows

The various discussions about user interface, product usability, and user engagement have been an enlightening experience for me as well, and it is very positive to see that everyone involved in the product thinks so highly about improving the user experience. Finally, we need to test and validate these assumptions so we can correct any misconceptions and continue to improve the product.

The Case for Dual Innovation

Integrative Innovation

It turned out compelling to me, given the inherent conditions a large company operates in, that decoupling explorative innovation (such as the development of new-to-the-company technologies and/or business models) from innovating the existing core business is mandatory for an organization in order to establish a balanced and sustainable innovation capability. With this dual model, innovation engine 1 is laser-focused on making existing products and capabilities continually better.

How to grow faster than the market average

hackerearth

Distinctive performer capabilities include sales and pricing as well as customer experience, for example, for the creator, it’s data, analytics, product or service design, and insights given by a customer; the investor outperforms on data and analytics as well as customer experience. Developing new products & services. Developing new products & services. New products and services are the lifeblood of all businesses.

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How to lead intrapreneurship and innovation

The Future Shapers

They have the infrastructure, know-how, and processes to get an innovative new product into the hands of millions of customers around the world almost instantly. If you have long product development cycles (like, say, Boeing or a pharmaceutical company), you need to be looking far out on the time horizon to assess technologies because you have to act now to be capable of responding to a threat in ten years.

How to determine when customer feedback is actionable

Boxes and Arrows

One of the riskiest assumptions for any new product or feature is that customers actually want it. Although product leaders can propose numerous ‘lean’ methodologies to experiment inexpensively with new concepts before fully engineering them, anything short of launching a product or feature and monitoring its performance over time in the market is, by definition, not 100% accurate. Product teams need to combine the detection of an effect (i.e.,

No such thing as the digital revolution? Avoidance strategies and status quo mentality are deadly when it comes to digitization!

etventure

All this about companies being in a huge transition because of digitization, about disruption in the ‘old economy’ because of new, agile, digital competitors – none of it is true, he says. It has developed a mediatory app that is clearly taking into account exactly what users want and need. The annual production figures rose from 67 cars in 1894 to 603 cars in 1900. 3D printers will not replace mass production.”. “There is no such thing as the digital revolution.”