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The Art of Lean Product Development: How to Innovate Faster

helloFUTURE

In the world of product development, the only constant is change. The market is always evolving, customer expectations are constantly shifting, and your competitors are always on the move.

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Using Lean Innovation in the Product Development and Commercialization Process

Moves the Needle

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. What is Commercialization?

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What Did the Pandemic Teach Us About New Product Development?

Planview

In this post, you will find questions and answers from an incredibly timely and informative webinar that provided crucial new product development best practices based on lessons learned from the pandemic. Robert Cooper in the Journal of Product Innovation Management. Addressing Agile-Stage-Gate PPM Implementation Challenges.

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Idea Magnets and New Product Development from a New Tree

BrainZooming

What new product development strategy might an Idea Magnet employ to pursue a fresh path to new ideas? This is Turner’s personal perspective on his new product development strategy. Climbing Down and Finding a New, New Product Development Tree. Suppose you’ve been successful innovating.

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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. Risk avoidance and current revenue are often more important than potential profitable products and services.

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Rapid Experimentation: The Fast Track to Overcoming Uncertainty

Moves the Needle

However, the rise of Lean Startup methodologies, popularized by Eric Ries in his book “The Lean Startup,” brought rapid experimentation to the forefront. Ries’s emphasis on Minimum Viable Products (MVPs) sparked a paradigm shift. Ries’s emphasis on Minimum Viable Products (MVPs) sparked a paradigm shift.

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3 Traps of common market research methods

Moves the Needle

Market research often falls short when it comes to innovation. Here’s why: Modern market research methods, like Lean Startup, do a great job of focusing on customer-centric discovery. It generates insights through empathy (one of the 3 E’s of Lean Innovation, see 5 Ways to Spark Innovation at Your Organization ).