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.

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. Tips from top new product developers.

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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.

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. The post Digital Transformation and Its Impact on New-Product Management for Manufacturers appeared first on Innovation Management.

How to be More Agile as Competitive Advantages Fade

New Markets Advisors

For years, Columbia Business School professor Rita McGrath has been telling us that the traditional strategy of finding and exploiting a sustainable competitive advantage is becoming outdated. 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.

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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. Modul I A – From strategy to ideas / Foresight, scenarios, trends. Modul I B – From strategy to ideas / Immersion, white Spots, insights.

The Word EPIC

Huub Rutten

In my daily practices of developing innovation management methods and software I cannot avoid the term anymore: nearly every development methodology or project management methodology uses EPICS as a kind of starting point for a development project. Product Development

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The Word EPIC

Huub Rutten

In my daily practices of developing innovation management methods and software I cannot avoid the term anymore: nearly every development methodology or project management methodology uses EPICS as a kind of starting point for a development project. Product 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. Modul I A – From strategy to ideas / Foresight, scenarios, trends. Modul I B – From strategy to ideas / Immersion, white Spots, insights.

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.

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.

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. Strategy canvases methodologies play to win Rogert Martin sprintsThe word sprint means different things to different people. A runner thinks of it as a race, a mad dash of a few seconds.

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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.

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.

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.

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 strategies employed were coping strategies rather than success.

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Essential Strategies For Exceeding Expectations

Daniel Burrus

Here are some strategies you can use to do just that. It’s important to keep some of the functionality of a product — or a part of the service that you sell — a secret, so that the customer discovers the added value after the purchase. Again, it’s the little things — the accouterments and ancillary features — that will put the product over the top and end up delighting the customer. Announcement Anticipating the future Business Strategy Daniel Burrus Strategy Technology

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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AQX Law Firm: Product Strategy and What’s Ahead

Anaqua

At Anaqua, client-led innovation and product strategy have been part of our DNA since our founding. Client groups involved in Anaqua’s product development approach include: an Executive Council which defines Anaqua’s 3- to 5-year product strategy, a Steering Group which outlines the roadmap for the next 12 months and Working Groups which comprise of clients who focus on specific IP product topics to develop requirements, validate solutions, and define best practices.

Have the Banks already been Disrupted?

Matthew Griffin

Many people I speak to feel the banks have forgotten their role in our lives – to help us grow our savings pots, not take more from us in charges than we make in interest in ten years and to help us make our money go further, not just hail new mobile banking apps as the next great innovation when they should simply form part of an overall consumer service improvement strategy.

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 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

Aurea

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.

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.

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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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. Of course, this shift requires really big changes in strategy, operations, the organization and in each individuals orientation.

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. Mindsets shed light on an organization’s unique active cognitive stylistic preferences, which shapes strategy formulation, and the way in which resources and talent actively engage with the world and are harnessed and maximized.

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. Publications such as the one written by Hans-Werner Feick are likely to further reinforce these avoidance strategies and the status quo mentality. It has developed a mediatory app that is clearly taking into account exactly what users want and need.

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 also says that Coke has a new strategy and purpose, innovating both around food and drinks as well as issues like packaging. She needs people who can understand the new strategy and help implement it.

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Take Your Biggest Problem…and Skip It

Daniel Burrus

Either way, the company is being agile instead of anticipatory. Keep in mind, this strategy is in no way meant to encourage you and your organization to procrastinate or pretend that problems don’t exist; they do.

The 10 Rules of Digital Transformation

Rmukesh Gupta

He is part of the Group strategy office and he shared his thoughts, perspectives and how digital transformation is viewed in his organisation. They could be product driven, R&D driven, sales driven, partner driven, marketing driven, service driven, customer driven, etc.

Conditions for innovation to succeed

Jeffrey Phillips

Can we rank them and decide which ones need more development? For example, one of the biggest idea killers is the inability for many companies to take really good ideas and get them prioritized in the existing product development process.

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4 Corporate Innovation Trends Set to Disrupt the Business Landscape in 2021

Qmarkets

From nascent technologies to emerging innovation strategies, we have identified 4 of the key corporate innovation trends to help you get ahead, so that your business will be ready for whatever next year may bring. Our Blog Innovation Strategy Business Innovation Trends

Shifting Innovation Perspectives for 2019

The Future Shapers

Or to put it another way, is success now acknowledged to be the ‘outcome’ of an innovation-focussed strategy, purpose-driven leadership and a truly creative and collaborative culture working in harmony? Let’s start with leadership and the executive team; in other words, the people who are responsible for defining the future vision as well as devising and implementing the strategy which will lead to high-value outcomes. Strategy – Risk/Disruption.

Be Innovative if You Want to Drive Innovation

IdeaScale

Yet, when it comes to choosing which specific strategy to pursue, things get challenging because the truth is there is no single “right answer” and we’ve seen many strategies that work. At IdeaScale we help Kane is Able and many other clients achieve their continuous improvement strategies such as Lean, Kaizen or Six Sigma. Third, remember you’re designing for agility which means you’re only making a commitment to explore and evaluate.

Forget Best Practice, Think Always Of Learning Next Practice

Paul Hobcraft

The first contribution is from a short article I came across in my research written for information-age by Carl Bate, managing partner, digital strategy, and transformation, Atos. Agility, adaptability & innovation. Agile product development.

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. Even when there are several advantages to taking on a digital strategy, the path to digital transformation can be consuming and risky in terms of both cost and time investments. Create a team of experts in agile delivery methods to own and rule integration within your organization.

Agnes Sävenstedt

Innovation 360 Group

Executive-level consultant and C-level positions including Head of Business Units, Head of Strategy and Head of Innovation. Successful track record of 10+ years in innovation management, innovation processes, change management, trendwatching, ideation, digital transformation, collaboration platforms, cloud strategy and project management including start-up of new business areas with mission, vision, strategy definition and execution for the Schibsted group. Cloud strategies.

George Fankhauser

Innovation 360 Group

His past positions range from leading small teams including several startups to MNCs with a deep dive into research, development, manufacturing and product management. He successfully managed change projects in software development, automation, agile innovation processes and platform management. With experience in a broad range of innovation frameworks and tools (DT, TRIZ, BMI, 3 Horizons, MVP, …) he is able to bridge the gap between strategy and execution.

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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.

Agnes Sävenstedt

Innovation 360 Group

Executive-level consultant and C-level positions including Head of Business Units, Head of Strategy and Head of Innovation. Successful track record of 10+ years in innovation management, innovation processes, change management, trendwatching, ideation, digital transformation, collaboration platforms, cloud strategy and project management including start-up of new business areas with mission, vision, strategy definition and execution for the Schibsted group. Cloud strategies.