Open Innovation EU

FEBRUARY 4, 2016

The Lean Startup (Ries). The Lean Enterprise. New Product and Development Service Process (Hauser). New Product Development Front End (Khurana). Revolutionizing Product Development (Wheelwright & Clark). New Product Development Funnel (Katz). Design Competitions.

Crowdsourcing 81

Crowdsourcing Innovation Open Innovation LEAN 81

Moves the Needle

JANUARY 22, 2016

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 ). Conclusion Market research has an important role to play in product development.

Marketing 58

Marketing Underperforming Technical Team LEAN Report 58

Moves the Needle

DECEMBER 17, 2015

His very lean progressive assembly process was the result. Today, the cost and time it takes to build, launch, and deliver new products at scale is lower than ever. Eric Ries combined Customer Development with Agile, creating an elegant loop that connects customer learning with sprint-based product development: Build, Measure, Learn.

Management 61

Management Innovation Management LEAN Design Thinking 61

Leapfrogging

FEBRUARY 1, 2019

Whether you’re creating a new product, service, process, or business model, innovation is about keeping an eye on costs while pushing forward to create novel new solutions. Work with other companies to lower the costs–and the risks–around new product development. Leverage external innovation. Rethink waste.

How To 100

How To Artificial Inteligence Innovation LEAN 100

Fehmida Kapadia

JANUARY 3, 2018

Paradigms of product development have shifted significantly in the last decade. We have started integrating the agile and lean methodology (popularized by the IT industry) into our waterfall methodology (popularized by the manufacturing industry). The key tenet of agile and lean development is to quickly and iteratively build?—?test?—?learn.

Engagement 40

Engagement Tools LEAN Design Thinking 40

mjvinnovation

JULY 27, 2020

To create a sustainable competitive advantage, companies need a “strategy.” Companies with tight schedules and budgets must deal with the reality that product development may not be fast or cheap. Sizing investment returns (of time, money, and effort) is critical in product development projects.

Strategy 40

Strategy Strategy Resources Design 40

Cris Beswick

APRIL 16, 2024

In that case, we shift to a focus on fostering a culture where the seeds of originality are sown in every department, ranging from product development to HR, finance, and sales. Leaders who champion innovation understand its role in driving competitive advantage, increasing market share, and, often, creating entirely new markets.

Innovation 59

Innovation Culture Creativity Disruption 59

Moves the Needle

AUGUST 14, 2018

Lean Innovation Definition At Moves The Needle, we define lean innovation as “reducing waste in the discovery, creation, and delivering of new value to customers." We base Lean Innovation principles upon the 3 E’s of Lean Innovation : Empathy, Experiments and Evidence. Where design thinking ends, Lean Startup begins.

LEAN 105

LEAN Examples Agile Design Thinking 105

etventure

SEPTEMBER 6, 2016

The term has its origins in Silicon Valley, where technology companies battle to find ways to innovate faster – and gain competitive advantage. 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.

Roadmap 72

Roadmap Product Development Agile Leadership 72

Legacy Innovation Group

APRIL 1, 2019

Once upon a time, in the heyday of the Industrial Age, a young marketing, design, or engineering student would graduate from college and go to work for a large corporation, slowly melding into the steady, rhythmic din of bureaucratically-managed, organizationally-structured execution work in product development.

Product Development 40

Product Development Innovation Engagement LEAN 40

Leanstack

MARCH 29, 2018

Even though, his savings ran out 6 months ago, he has hit a comfortable groove using freelance consulting to keep his product development going. Mary adds: “I know this will sound cliche, but… competition is a good thing. Competition helps validate a market and most first movers really have a disadvantage, not an advantage.

Underperforming Technical Team 89

Underperforming Technical Team LEAN Meeting Product Development 89

ImagineNation

FEBRUARY 10, 2020

The only way for it to survive is to be separated from its internal competition. Therefore, corporate R & D programs need targets to ensure that the product development portfolio includes growth projects that carry more risk and have a longer payback. Innovation is a Company-Wide Responsibility. ABOUT THE AUTHOR.

Company 52

Company Innovation Programs Innovation Product Development 52

Planview

AUGUST 12, 2022

Instead of splitting product knowledge across numerous teams and piecemealing tasks together, a product-based team is responsible for every aspect of the product, from its overall design to the budget, market research, and product development.

Project 59

Project Agile Groups Management 59

Tim Kastelle

APRIL 30, 2016

Similarly, about 70 percent of disruptive innovators also lean toward a more centralized approach. Two-thirds of all breakthrough innovators stated that all innovation and product development is controlled and driven by a centralized organization, at least in its initial stages. Source: Accenture.

Disruption 100

Disruption Innovation Survey Study 100

Huub Rutten

FEBRUARY 1, 2021

Concretely, how we want to compete with the cheap and intense competition from Chinese competitors and from South Korea, in the long run. So my challenge is to present a trustworthy pipeline of new products and new market segments with realistic financial estimations, and concrete timelines”. The discussion with Joe opened my eyes.

Course 52

Course Innovation Marketing Trends 52

Huub Rutten

FEBRUARY 1, 2021

Concretely, how we want to compete with the cheap and intense competition from Chinese competitors and from South Korea, in the long run. So my challenge is to present a trustworthy pipeline of new products and new market segments with realistic financial estimations, and concrete timelines”. The discussion with Joe opened my eyes.

Course 52

Course Innovation Marketing Trends 52

Huub Rutten

FEBRUARY 1, 2021

Concretely, how we want to compete with the cheap and intense competition from Chinese competitors and from South Korea, in the long run. So my challenge is to present a trustworthy pipeline of new products and new market segments with realistic financial estimations, and concrete timelines”. The discussion with Joe opened my eyes.

Course 52

Course Innovation Marketing Trends 52

ImagineNation

FEBRUARY 10, 2020

The only way for it to survive is to be separated from its internal competition. Therefore, corporate R & D programs need targets to ensure that the product development portfolio includes growth projects that carry more risk and have a longer payback. Innovation is a Company-Wide Responsibility. ABOUT THE AUTHOR.

Company 40

Company Innovation Programs Innovation Product Development 40

InnovationTraining.org

SEPTEMBER 12, 2019

Rather than leaning on agencies for ideas and new ways of marketing devised through layered assumptions, clever theories and cliché discussions around “what millennials want”, lean on your customers instead. And how you get that is by cutting out the middle man and having real conversations with real customers.

Marketing 40

Marketing Technical Review LEAN Design 40

KindlingApp

OCTOBER 12, 2015

The city of Amsterdam recently started to crowdsource solutions to innovating their school systems by setting up a competition where citizens can submit proposals for schools and vote online for favorites. Collaboration. They plan to incubate about 15 ideas, four or five of which will become state funded schools by the end of next year.

LEAN 40

LEAN Collaboration Crowdsourcing Innovation 40

KindlingApp

OCTOBER 12, 2015

The city of Amsterdam recently started to crowdsource solutions to innovating their school systems by setting up a competition where citizens can submit proposals for schools and vote online for favorites. Collaboration. They plan to incubate about 15 ideas, four or five of which will become state funded schools by the end of next year.

Learning 40

Learning Innovation LEAN Collaboration 40

Moves the Needle

JUNE 3, 2016

Of course, speaking to customers about their problems without having any defined product or solution roadmap in mind may seem awkward and even scary to many corporate employees (especially engineers and product developers). We can change how we think of failure by thinking of it as required learning.

Underperforming Technical Team 83

Underperforming Technical Team Innovation Disruption Marketing 83

Leanstack

FEBRUARY 12, 2018

A year later, Steve is still building his product. He has no product revenue and relies on part-time freelancing work to fund his product development. Larry continually refines his product from here through many more customer conversations. And he works alone. How did each of them end up in such a different place?

Underperforming Technical Team 52

Underperforming Technical Team Innovation LEAN Meeting 52

Michael Roberto

SEPTEMBER 29, 2018

I'm a big fan of the concept of testing, prototyping and experimenting during the product development process. However, new research suggests one very important limitation to testing that involves going to market with a minimal viable product (MVP). I believe in David Kelley's philosophy: Fail often to succeed sooner.

Product Development 20

Product Development Software Study Marketing 20

Moves the Needle

JUNE 3, 2016

Of course, speaking to customers about their problems without having any defined product or solution roadmap in mind may seem awkward and even scary to many corporate employees (especially engineers and product developers). We can change how we think of failure by thinking of it as required learning.

Underperforming Technical Team 72

Underperforming Technical Team Innovation Culture Disruption 72

Integrative Innovation

APRIL 7, 2016

Similarly, about 70 percent of disruptive innovators also lean toward a more centralized approach. Two-thirds of all breakthrough innovators stated that all innovation and product development is controlled and driven by a centralized organization, at least in its initial stages. Source: Accenture.

Disruption 40

Disruption Innovation Survey Study 40

Legacy Innovation Group

APRIL 1, 2019

The lens through which this profession – the "MBA crowd" if you will – sees the world is generally one of how to build a sustainable competitive advantage, something that can come from any corner of the business. We begin with Business Management. There are pros and cons that arise from this perspective.

Innovation 40

Innovation Underperforming Technical Team Marketing Technology 40

Idea to Value

JULY 21, 2017

Suggested reading: This article on Effective Brainstorming , and this book by Bryan Mattimore, which elaborates our interview from the Innovation and Creativity Summit on various brainstorming techniques (premium content): 7 – Lean Innovation Management. Suggested reading: 6 – Business Model Canvas.

Company 248

Company Underperforming Technical Team Brainstorming Design Thinking 248

Matthew Griffin

MARCH 23, 2015

If you want to stand a chance of creating a successful business in today’s increasingly competitive world then I’d suggest that you follow each of these seven themes zealously. The products are very easy to adopt. They use lean, agile development techniques. They build good Minimum Viable Products.

Marketing 40

Marketing Competition Disruption Company 40

hackerearth

MAY 12, 2017

Apple has refashioned consumer experience with its iconic branding, stylish design and a diverse product range, its own retail stores, and important partnerships with the competition. That is the lesson learned at Lego — just in time,” says David Robertson, Professor of Practice teaching Innovation and Product Development at Wharton.

Innovation 40

Innovation Disruption Marketing Underperforming Technical Team 40

ITONICS

APRIL 4, 2018

The way how new business models evolve depends to a large extent on how companies adapt their established value-added processes and structures to environmental changes and on how they face competition. C = Creativity: Your ability to harness creativity will create your competitive advantage in today’s extremely dynamic environment.

Technical Review 47

Technical Review Agile Roadmap Competition 47

Boxes and Arrows

OCTOBER 12, 2015

One of the riskiest assumptions for any new product or feature is that customers actually want it. But a focused product development process should be immune to this distraction because small effect sizes are of little concern. The moral of the story is that the nuances in statistics actually do matter.

How To 105

How To Data Survey Analysis 105