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The future of sustainable product development: Looking at innovation governance

Sopheon

McKinsey also notes that an unprecedented amount of capital will transfer to projects, products, and companies committed to net zero efforts. He noted three imperative action items companies should implement: Drive your product portfolio toward increased sustainability. My Sopheon colleague, H.C. But how can you do that?

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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. In his paper on Accelerating innovation, Dr. Cooper makes the case that “firms can respond quickly and pivot with innovations.”

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Unleashing the Power of AI in Innovation Management

Leapfrogging

However, with the advent of artificial intelligence in innovation management , these stages and gates are being reimagined. AI technologies offer unprecedented capabilities in data analysis, pattern recognition, and predictive modeling, which can significantly enhance the efficacy of the Stages and Gates process.

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New Year’s Resolution: Catch Up on These Must-Read Innovation Blogs from 2019

IdeaScale

Check out our top innovation blogs from 2019 for tips on transforming your product, process, market, and more. Brainstorming is where innovation and product development strategy begin, but sometimes you need a little push to get started. Crowdsourcing is a great way to assemble data for product innovation.

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What do most innovative companies have in common?

hackerearth

So much that a McKinsey survey reported that 94 percent executives are unhappy with their business’ innovation performance. A common approach that drives innovation. The most common aspect of some of the innovative companies is that they are also high-performing organizations. They support systemic innovation.

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10 Ways to Maximize Your Innovation Potential with ChatGPT

PlanBox Innovation

As an innovation manager, you’re tasked with the challenging responsibility of leading the development and implementation of new ideas, products, and initiatives that will drive growth and competitiveness for your company.

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Ambidextrous organisations: Where innovation should sit in an organisation

Idea to Value

It might seem like a straightforward question, but it is fundamental to whether a company will end up succeeding at innovation or failing. After all, if innovation is so important, should it not get its own department? Companies that survive do both. Here are a couple of options seen at various companies over time.