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All You need to know about Roadmapping in Innovation

ITONICS

Roadmapping has been used in industry for a while and recently has been extensively scientifically analyzed and further developed. All companies from corporations to SMEs need a quick and effective opportunity to deal with the topic of roadmapping, identify new technologies and embed them in their own corporate strategy. Thus, it’s essential to actively use robust methods such as roadmapping – to stay ahead of the competition. Technology Roadmap.

Roadmap 39
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Top Strategies to Prioritize Features for Innovation Teams

IdeaScale

Innovation team members have to deal with the needs of users, finances, and marketing all at once. And now they have to figure out which features should be prioritized for their innovation roadmap, too? Additional Tips to Help Your Team Prioritize Innovation Roadmap Features.

Strategy 130
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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been telling us that the traditional strategy of finding and exploiting a sustainable competitive advantage is becoming outdated. The world is evolving too quickly for competitive advantages to last for a meaningful amount of time. While the value of leveraging your organization’s competitive advantages isn’t gone, it is diminishing. The breadth of its user base is certainly a competitive advantage.

Agile 40
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All You need to know about Roadmapping in Innovation

ITONICS

Roadmapping has been used in industry for a while and recently has been extensively scientifically analyzed and further developed. All companies from corporations to SMEs need a quick and effective opportunity to deal with the topic of roadmapping, identify new technologies and embed them in their own corporate strategy. Thus, it’s essential to actively use robust methods such as roadmapping – to stay ahead of the competition. Integrated Roadmap.

Roadmap 28
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Measuring Innovation Performance

competitive advantage or be a USP, is what drives every organization. with the overall business strategy How much risk they carry What the trade-o?s to market. pipeline, innovation revenue (after product goes to market), and EOP lift (External Operating.

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The Myth of the First-Mover Advantage: Why to be Smarter, Not Faster

New Markets Advisors

They want to fail quickly, pivot, and be first to market with their new idea. Why would anyone want to be late to the game when you’d just have to take on an entrenched competitor who already has name recognition and a host of other competitive advantages? Since pioneering the app-based ride hailing market, Uber has been bombarded with other companies trying to offer similar services or address niche markets that are under-served by Uber.

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3 Warning Signs Your IT Strategy is All Wrong

MSSBTI

Look for these 3 warning signs that your IT strategy is all wrong: 1. You are not seeing your IT strategy as a competitive advantage. Your IT strategy is no longer just a tool for back office operations, it is a key enabler to your business growth strategy and core to creating your competitive advantage. If you are not adapting your infrastructure strategies to prepare for this rapid change you are already behind.

Roadmap 40
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When Creative Destruction is the Right (or Wrong) Foundation for Innovation

New Markets Advisors

And it’s the knowledge of when to focus on addition and when to focus on replacement that gives companies a competitive edge and a roadmap for growth. The right times to grow through destruction While the right innovation strategy depends on a number of factors?—?industry, industry, company dynamics, competitive advantages, and so on?—?there The market is mature and over-satisfied. When markets mature to this point, companies need to shift quickly.

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Three Pieces of Advice from Venture Capitalists and Top Executives

New Markets Advisors

While market research comes with a cost?—?both That’s what I mean when I say that the value of a market research investment is lasting. But as (Sysco Boston President) Chuck Fraser described the challenge, anyone can sell you competitively priced green beans and French fries. It offers digital tools that help restaurants build more interesting menus, create better marketing materials, and make determinations about what mix of items will drive the highest profits.

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Five Steps for Creating Customer Journey Maps You Can Actually Use

New Markets Advisors

Another study showed that companies that create formal customer journey maps realize a 54% greater return from their marketing efforts. They don’t necessarily see all the nuances that a brand sees as differentiating itself, they don’t define the competitive set in the same way, and they don’t care at all about how your back-end operations work to deliver the end product they see. Dave Farber is a strategy and innovation consultant at New Markets Advisors.

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An innovation framework that offers a formula for sustainable advantage

Paul Hobcraft

Seeking out a working Sustainable Competitive Advantage (SCA). The extent of market advantage (posses distinctive advantage) to be achieved or believed needed. Plotting out the roadmap for innovations evolution. Market Learning Competence (MLC) for establishing a clear awareness.

Roadmap 138
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Why innovation portfolios matter

Jeffrey Phillips

What I constantly fail to understand is why innovation is treated so cavalierly, with so little regard for planning and integration to strategy. It requires divergent thinking and exploration, the willingness to explore customer needs and market trends. Certainly companies are good at product portfolio and roadmaps, making decisions on how much to invest in older technologies, how much to invest in newer products and the roadmaps and versions that should be developed.

Roadmap 256
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Are You Doing Agile Right?

Leapfrogging

The Agile Innovation Process is a methodology for continually improving and adapting to competitive and consumer conditions in the marketplace. The main purpose of the methodology is to create a product or service that disrupts the market and forces competitors to adapt or exit the space because of the level of disruption created. Innovation agile business strategy innovation

Agile 100
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Swimming along a road in a flood of digital transformation

Paul Hobcraft

We need to create a digital transformation strategy, a clear roadmap and build the business case as it is going to be, well, umm…… transformational. Then it is the agility to achieve better response times to customers needs, to respond to market changes quicker, to translate insights into knowledge and then into the product and service innovations that meet ever-changing needs. Forming a strategy, roadmap and business case needs real considerations.

Roadmap 231
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Future Trends 2021: Purpose & Co-creation

Be-novative

Such findings have implications for your company’s talent-management strategy and its bottom line. In the next five years, the world will see more projects than ever according to Antonio Nieto-Rodriguez, Co-founder of the Strategy Implementation Institute. Strategy?—?What

Trends 52
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Timing of Innovation – Getting the Odds on Your Side

Innovation Excellence

The problem with timing is that every innovation only has a relatively small window of opportunity that happens when the technology and customers are ready, but there isn’t much entrenched competition. It requires companies to adapt, innovate, and find new ways to be competitive.

Roadmap 89
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Timing of Innovation – Getting the Odds On Your Side

Idea to Value

The problem with timing is that every innovation only has a relatively small window of opportunity that happens when the technology and customers are ready, but there isn’t much entrenched competition. It requires companies to adapt, innovate, and find new ways to be competitive.

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Building an Agile & Innovative Organization

Idea to Value

As Steve Blank well put it in his article , reorganizations, new innovation activities, and process reforms, are all useful tools that usually need to be a part of the transformation plan, but they’re not enough without a strategy, mindset, and culture for innovation.

Agile 293
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The Anaqua Difference

Anaqua

Our customer-centric approach along with our deep software integration define Anaqua’s roadmap and, ultimately, are what differentiate us from others in the industry. Simply put, if it is not in our clients’ best interest, then it is not in our product roadmap.

Roadmap 80
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From MW to GW’s of Renewable Hydrogen using Electrolyzers

Paul Hobcraft

The two briefly discussed green Hydrogen and where Electrolyzers will fit within the future strategy of building a broader Hydrogen business. It can address a wide variety of existing and new markets where electrolyzers can play a significant role.

Roadmap 186
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Agility: Tanker, Speedboat, or School of Fish?

Huub Rutten

More than ever before in history, companies are at risk of missing the boat when it comes to “the continuous evolution of the internet, digitization, the climate change, new competition from startups, the rise of Chinese competition, new technologies and other new megatrends.”

Agile 52
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Agility: Tanker, Speedboat, or School of Fish?

Huub Rutten

More than ever before in history, companies are at risk of missing the boat when it comes to “the continuous evolution of the internet, digitization, the climate change, new competition from startups, the rise of Chinese competition, new technologies and other new megatrends.”

Agile 52
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Agility: Tanker, Speedboat, or School of Fish?

Huub Rutten

More than ever before in history, companies are at risk of missing the boat when it comes to “the continuous evolution of the internet, digitization, the climate change, new competition from startups, the rise of Chinese competition, new technologies and other new megatrends.”

Agile 52
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12 Technology Categories That Will Transform Careers

Daniel Burrus

As technology continues to impact our lives, workers at every level in today’s ever-changing labor market need to be prepared with skills to adapt and succeed in the workplace. This method is currently being used by many Fortune 500 companies, including IBM, Deloitte, and Pratt & Whitney to name a few, as well as the Pentagon to provide an accurate roadmap of the opportunities that are ahead.

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How much is innovation costing your organization?

Innovation 360 Group

Openness is where market innovation truly takes place. Successful organizations use external resources in an open co-creation process to achieve a larger accessible market through building value nets and growing the total market. Recapture your innovation investments.

Groups 52
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How Women Can Thrive in a Fast-Moving Business World

Business and Tech

Stephanie Mann EVP – Corporate Development and Strategy, Live Oak Bank. When traditional lenders and fintechs offer products and services tailored to women, they’re not just supporting individual business owners — they are making an impact in local communities, job markets, and economies.

Roadmap 130
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New Publication: Strategic Service Business Development

ITONICS

Carolin Durst, Scientific Director at ITONICS, and Nadine Lumme, Senior Communications Manager at Siemens AG, have jointly published a new book chapter focusing on Strategic Service Business Development – Spotting Innovation Potentials and Ensuring Competitive Advantage. The content elucidates in particular the conceptual foundations and strategies of service business development and the development of innovative services and business models. From concept to market launch.

Roadmap 31
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PESTLED360: Iron Out Key Driving Forces in Your Current Environment and Anticipate Future Ones

Innovation 360 Group

Do you have a roadmap for its short- and longer-term implications? Often it is misused as a framework for assessing a specific market or even an organization itself. It illuminates connections in the data so you can begin to defend your market value.

Groups 69
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Turn the Tables on Product Development Disruptions

Planview

Suppose organizations make adaptability a cornerstone of their product development strategy and overall culture. As a byproduct of that growth, they will find it easier to: Unearth strategic innovation Differentiate at speed Gain a competitive advantage.

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In defense of industry-agnostic innovation management

David Marks

Companies get away with it because most of the time the competition does indeed comes from existing players. Back in 2006 the duo reigned supreme in the mobile phone market. Marketing departments would identify the consumer excitement around the iPhone and raise the alarm. The conversation I recited at the start of this blog proves they are far from being alone in misunderstanding the importance of culture, processes and strategy to innovation.

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Unleash Your Visual Superpower!

Boxes and Arrows

At a certain point, clients stop listening to the strategy—they just want to get to the pictures. But does that mean that designers should just make pictures and leave the strategy to others? The best designers transcend the gap between strategy and execution. But rather than seeing picture-making as a mere stepping stone toward strategy, we can use it as our “super power” to lead. The roadmap is a collection of prototypes showing what each release will look like.

Design 94
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2019 USPTO Patent Statistics: Breaking the Trend

Anaqua

This includes ensuring that patent portfolios are performing and protecting their business’ products and roadmap, providing defensive use, and making money via licensing, sales, and enforcement. Khyle Eaton, Product Manager of Business Intelligence at Anaqua.

Trends 86
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Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

To get to this transforming point we need to build in a faster adaptation of business strategies and turn out faster innovation outcomes that meet these needs as key to this. Digital disruption is the impact of digital technologies and business models on a company’s value proposition and market position. We need to ask can this lead to disruption, ours and others for competitive advantage? Let me finish on one example already successfully working in today’s market.

Roadmap 159
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In defense of industry-agnostic innovation management

David Marks

Companies get away with it because most of the time the competition does indeed comes from existing players. Back in 2006 the duo reigned supreme in the mobile phone market. Marketing departments would identify the consumer excitement around the iPhone and raise the alarm. The conversation I recited at the start of this blog proves they are far from being alone in misunderstanding the importance of culture, processes and strategy to innovation.

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7 Things Every CEO Should Know About Their Patents

Anaqua

Even in the most extreme cases where there is a perfect intersection of data, analytics, valuable metrics, and huge incentives to utilize and optimize, we see both surprising catastrophic failures, and stunning opportunites in markets. To give two stark examples, we turn to the market crash of 2008 – caused by a cascading failure in financial markets that devastated our economy and destroyed market capitalization – in 18 months, the Dow lost over 50 percent of its value.

Roadmap 40
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Why take an industry-agnostic approach to innovation

David Marks

Companies get away with it because most of the time the competition does indeed comes from existing players. Back in 2006 the duo reigned supreme in the mobile phone market. Marketing departments would identify the consumer excitement around the iPhone and raise the alarm. The conversation I recited at the start of this blog proves they are far from being alone in misunderstanding the importance of culture, processes and strategy to innovation.

Roadmap 40
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AI in Foresight & Innovation Management

ITONICS

This comes together with motivation for an offensive strategy when companies want to tap into new product and service development and thus grow their businesses even further. Therefore, on this stage all the Known Knowns i.e. customer needs, market or technology trends are collected.

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Managing Feedback Systematically to Build Better Products

KindlingApp

It has the power to change the product roadmap and offers clues towards ways the product might address market fit, but as any product manager knows, not all feedback is created equal. Product managers have to develop a process and strategy to filter through the feedback in a methodical, effective manner. External feedback helps the product adapt to market changes and competition. Changing strategy in reaction to feedback can also cause instability.

Roadmap 53
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Getting Started with Innovation Management

Strategos

Innovation Management involves all activities that provide the right conditions for innovation to repeatedly deliver value for customers, competitive advantage and growth for the business as well as benefits for employees and all other stakeholders. They have started well-intended innovation initiatives but mostly these are ad hoc and rarely connected to the overall business strategy. For more on how you develop an Innovation Strategy visit this webinar.

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Relating to the New Innovation Era

Paul Hobcraft

Innovation is advancing but most of it has been designed for a different time, the old era of stable markets, predictable solutions and having a clear sense of your competition. We still lack the alignment to strategy as this remains unclear, poorly communicated and lacking in this critical connecting up of strategy and innovation. I firmly believe we are on the cusp of a new innovation era.

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Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

To get to this transforming point we need to build in a faster adaptation of business strategies and turn out faster innovation outcomes that meet these needs as key to this. Digital disruption is the impact of digital technologies and business models on a company’s value proposition and market position. We need to ask can this lead to disruption, ours and others for competitive advantage? Let me finish on one example already successfully working in today’s market.

Roadmap 133
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Four Steps for the successful Implementation of a holistic Innovation Management

ITONICS

Do you have a clearly formulated innovation strategy and dedicated innovation goals? With the help of questions on innovation strategy and objectives, innovation organization and processes, methodological competence, software solutions and the evaluation of innovation success, a personal innovation benchmark and an individually tailored roadmap are set up to show the potentials for an increasing innovation performance.

Roadmap 30
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Capabilities and Leadership Close the Skills Gap in Manufacturing

Innovation 360 Group

Global manufacturing executives rank “skilled talent” as their #1 competitive differentiator. In order to prepare for the coming skills shortage in manufacturing, business leaders must assess their current capabilities, refine their market strategy, build a culture of innovation, and ensure that they have the most effective leadership styles in place. . We use these as benchmarks to identify gaps and develop a roadmap for each organization.

Groups 40