Why innovation portfolios matter

RTI Innovation Advisors

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. Product roadmaps help us think through how a product will morph and add value over time, to remain valuable for customers by adding new capabilities or features. At this point in business evolution, every CEO understands the need for more innovation.

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. Forming a strategy, roadmap and business case needs real considerations.

Connecting Innovation is the New Order of Play

Paul Hobcraft

We are increasingly recognizing all the different collaborative tools increasingly at our disposal We are exploring both platforms and forming ecosystems to radically alter the competitive edge previously seen to reside inside the single company.

Launching My Latest Book

Innovation in Practice

Competition for college professor roles is fierce. This book is the first roadmap for working professionals from any field who want to become a college professor, now or later. I’m thrilled to let you know my new book, So You Want to Be a Professor: How to Land Your Dream Job in Academia , just launched! If you or someone you know ever considered teaching, I hope you read this book. But first, I’d like to share why I wrote it.

Emerging Trends in the Automotive Sector

IdeaScale

Perhaps no industry has been as proprietary about their intellectual property as the automotive sector where their product development is their competitive edge. However, no matter what automotive company you work for, there are some emerging trends that will impact your roadmap.

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.

A new cycle of innovation design

The Future Shapers

It is recognizing and then facing up to your present ‘pain points’ and the key competitive places that agility, digital understanding and translating this into outwardly facing outcomes will significantly improve your abilities to compete, in often volatile markets. Forming a strategy, roadmap and business case needs really many new considerations. We really do have this compelling need to have a new cycle of innovation design.

Mapping the customer journey is the top driver for digital transformation

Paul Hobcraft

Altimeter argues it is through these priorities, businesses are developing a roadmap that helps them compete for the present while building a next-generation business model to compete for the future. Organizations are struggling to understand the behaviors of the ‘connected’ customer.

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A Beginner’s Guide to MVP

etventure

When you join a roadmap meeting and you hear people talking about the “MVP”, you better make sure they are actually talking basketball before you throw in your favorite Michael Jordan story. What is an MVP? Why is it important for your business?

Four Steps for the successful Implementation of a holistic Innovation Management

ITONICS

We differentiate between Innovation Management Frameworks, Trend/Technology/Startup Management Frameworks and Roadmapping Frameworks. The market launch of these innovations can then be planned and controlled using a roadmap tool.

12 Technology Categories That Will Transform Careers

Daniel Burrus

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. By providing an accurate roadmap for anyone who wishes to increase their personal career relevancy in a world of transformative change, you can make career and education decisions with confidence.

Unleash Your Visual Superpower!

Boxes and Arrows

One team I’ve worked with helps bridge this gap on strategic projects by maintaining an “experience roadmap.” The roadmap is a collection of prototypes showing what each release will look like. The roadmap doesn’t just benefit the project team or the designer.

Imaginatik CEO publishes groundbreaking business book

Imaginatik

The authors share key lessons of new ecosystem-based economic models, whileproviding a pragmatic roadmap of how to execute on them. A changed competitive environment creates new rules and steps to take — as useful for start-ups as for mid-market firms and global brands.

Crowdsourcing: Bolstering Your Company’s Survival Kit

Spigit

In the competitive environment today, how quickly a company adapts to change is an advantage that’s needed to pull away from the competition. How do you adapt quickly if it’s just one person contributing to the company’s roadmap?

#CyberAware for Small to Medium Sized Business: Cybersecurity is More Than Compliance

MSSBTI

Conducting malicious acts as they try to compromise business operations, reveal intellectual property to reduce competitive advantage, or simply breach customer data. Cyber warfare is real, is here, and America is losing.

71 Innovation Methodologies

Open Innovation EU

Design Competitions. Roadmapping. A while ago I sat down with Machiel Wetselaar & David van Dinther to create a list of innovation methodologies for a course we’re developing.

Creating Innovation Connections as the Customer Advocate

IdeaScale

As the customer advocate, you’ll need consistent habits that help you: Stay informed about customer satisfaction and the competitiveness of your offerings. But don’t rely only on them to create the future roadmap for your product or service.

Is your company up for disruption? Possibly not

David Marks

Over the past decade, industries far and wide, from publishing, advertisement, music, retail, hospitality and transportation seen revenues diminish and/or potential customers flock to new competition from teenage and toddler companies like Amazon, Google, Facebook, Uber, AirBNB, Netflix and Spotify.

Chief Digital Officer - To have or not to have

hackerearth

Today, companies are trying to deal with huge amounts of data, lots of tech advances, and disruptive business models in a highly competitive environment, and the thought cloud has just about burst! Digital transformation is real, today, and here to stay; there is no debate about that.

The only two measures that matter

David Marks

In this blog post I’ll explain how it can be applied to explaining the competitive position of companies. YKK controls the unglamorous zipper market, through a combination of superior process (quality control and competitive manufacturing) and brand power scaring away competitors.

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Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

We need to ask can this lead to disruption, ours and others for competitive advantage? Business digital transformation, it can certainly get your pulse racing as you start looking for the nearest exit.

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. I firmly believe we are on the cusp of a new innovation era.

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Munich Re offers a real clarity to their innovating future

Paul Hobcraft

This is no finished roadmap but it does give investors and multiple stakeholders a really decent understanding of how Munich Re are managing their transformational journey.

On the Origin of Companies

David Marks

The Natural monopoly axis measures the degree of which a company is shielded from competition. New technologies, competitors, regulations and social trends have a nasty habit of diminishing competitive advantages so laboriously accumulated.

What do most innovative companies have in common?

hackerearth

The increasing competition for customers, market share, and talent in almost every industry demands an innovative approach to business. Not only is innovation necessary for enhancing competitive advantage, it is a requirement for businesses to thrive as well as survive.

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Digital Transformation: The Why, What & How For Transformational Leaders…

The Future Shapers

The very nature of how we do business today is transforming; the new enabled technologies coming off the conveyor belt at an ever increasing pace are making business more fluid, accelerated, hazardous, competitive and connected (both locally and globally).

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Digital transformation – the need to transform our innovation approaches

Paul Hobcraft

We need to ask can this lead to disruption, ours and others for competitive advantage? Business digital transformation, it can certainly get your pulse racing as you start looking for the nearest exit.

The Benefits of Losing a Star Employee (Temporarily)

Michael Roberto

At the same time, training programs can help the star develop team building or leadership skills that contribute to the firm’s longer-term roadmap upon her return. We often convince ourselves that star employees are indispensable. We worry about losing them, even for a short time.

Successfully shaping Digital Transformation

ITONICS

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. The figure below highlights the benefits of network-effects for competitive advantage.

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. External feedback helps the product adapt to market changes and competition. Customers, especially in target verticals, can be a helpful indicator for which features will appeal most strongly to the market in general, but they certainly shouldn’t dictate the product roadmap.

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. Based on the assessments we provide clear recommendations and roadmaps for improving companies innovation credentials.

Everything you need to know about innovation management software

hackerearth

roadmapping, portfolio management, idea management). Is a product/portfolio roadmap chalked out for the future?

What do you need to innovate?

David Marks

Technology leadership forges a competitive advantage. Based on the assessments we provide clear recommendations and roadmaps for improving companies innovation credentials. Why are some companies more innovative than others?

Innovation management software: Everything you need to know

hackerearth

roadmapping, portfolio management, idea management). Is a product/portfolio roadmap chalked out for the future?

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. Based on the assessments we provide clear recommendations and roadmaps for improving companies innovation credentials.

5 Things to Stop Doing to Enable Enterprise Innovation

Moves the Needle

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). *This post originally appeared on Mind the Product.

How to setup an ‘innovation team’

hackerearth

The strategy and the roadmap towards the desired innovation-driven mode are critical. The team must be capable of capturing and interpreting market and competition insights, trends and predictions.

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