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Why an Innovation Roadmap Tool is Still Key to Driving Your Long-Term Business Success

Leapfrogging

One of the most important tools in my arsenal as an innovation consultant is the Innovation Roadmap Template , a tool that provides a visual representation of steps to be taken to achieve a long-term strategic goal driven by innovation. . Innovation Roadmap ?is Innovation Roadmap ?tool

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Innovation Roadmaps to Communicate Strategy Effectively

ITONICS

As competitive environments rapidly change, technological leaders in manufacturing have to find efficient solutions to foster innovation. Roadmapping

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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.

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Top Strategies to Prioritize Features for Innovation Teams

IdeaScale

And now they have to figure out which features should be prioritized for their innovation roadmap, too? In this blog, we will recommend strategies for choosing the best features for your innovation roadmap along with the do’s and don’ts of feature prioritization. .

Strategy 130
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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 roadmaps and another 9 hacks resulting in process improvements.

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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.

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Double Down on Digital Tech Innovation

Gregg Fraley

Adjust Innovation Project Roadmaps Now. More uncertainty will freeze some of your competition. I could be wrong, if it’s longer, the double down strategy is still viable, but it won’t pay off as soon. To Revise Innovation Roadmaps: Double Down on Digital.

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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.

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Corporate Vision: How To Translate Strategy Into Meaningful Execution

The Future Shapers

Throughout the following article, I will endeavour to share my practical experience of what of what it takes to connect corporate vision and strategy to the daily running of the business. Acts as a high-level roadmap, articulating what the organisation wants to become – guiding transformational initiatives by articulating strategic intent and setting a defined clear and understandable direction. Bridging The Chasm Between Strategy & Execution. Setting The Scene.

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What the digital transformation trend means for technology resellers

The Future Shapers

Work with each of the relevant stakeholders involved, to discuss factors such as resources, budget, and capabilities to develop a realistic roadmap for the changes that should be implemented. The penultimate stage requires taking the above roadmap and commencing the implantation process. Even though they may have spent many months or years beforehand establishing a feasible transformation-roadmap, there are several reasons for why this loss of focus could have occurred.

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How Businesses Can Optimize Well-Being in the Evolving World of Work

Business and Tech

As organizations of every size strive to optimize individual and organizational well-being in evolving workplace models, employers are facing greater competition for talent. Many strategies that can contribute to these goals (e.g.,

Roadmap 130
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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 key businesses processes that need to be developed ahead of implementing an agile innovation process of this kind are 1) some kind of roadmap or plan for innovation 2) definition of roles and responsibilities of team members. Innovation agile business strategy innovation

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An innovation framework that offers a formula for sustainable advantage

Paul Hobcraft

Seeking out a working Sustainable Competitive Advantage (SCA). Plotting out the roadmap for innovations evolution. The essential linkage between strategy and innovation outputs and outcomes. A formula to build a framework for sustainable innovation.

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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. 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. Where are the strategies, portfolios, investment plans for innovation?

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The Role of Data in a successful digital transformation journey

Acuvate

According to Gartner , fewer than 50% of documented corporate strategies mention data and analytics as key components for delivering enterprise value. Clearly, leading organizations will be using data and analytics to gain a competitive edge. Start with a Data Strategy.

Data 74
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Learn How IdeaScale’s Solution Creating & Development Feature Can Help Your Business Prototype and Test Concepts

IdeaScale

Innovation strategy needs to have a strong component of team building and a process for developing, launching, and reporting on idea prototypes and pilot projects. Innovation strategy only works if ideas are acted upon. This approach is best for: Competitions. Highlights.

Learning 130
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Working in, Working on, Working for the business

Jeffrey Phillips

In a previous blog post, I wrote about the differences between working "in" the business for strategy and innovation versus working "on" the business for strategy and innovation. Good outcomes don't happen by accident, or simply by having a good roadmap.

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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.

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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. 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.

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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.

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Systematic Innovation Management to Advance the Sustainable Development Agenda

ITONICS

Sustainability is the primary innovation challenge of this decade and organizations need to align their innovation strategies with this call-to-action.

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The Value of Systematic Innovation Management in Advancing the Sustainable Development Agenda

ITONICS

Sustainability is the primary innovation challenge of this decade and organizations need to align their innovation strategies with this call-to-action.

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Manoj Khanna

Innovation 360 Group

My experience spans across technology-enabled strategy and implementation to enable organizations (finance, banking, insurance, retail, telecom, logistics, healthcare) create value, take out cost, and develop competitive advantage. Enabling organizations – strategic roadmaps, IT optimization, operating model definition. Business Strategy. Based in the Netherlands and New York, USA. Background: Hello! I am Manoj.

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

New Markets Advisors

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? As other companies released MP3 players, Apple sat back, observed where there were pitfalls among existing offerings, and created a solution that noticeably outperformed the competition on key dimensions. Dave Farber is a strategy and innovation consultant at New Markets Advisors.

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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 240
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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.”

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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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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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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. The commercial competitiveness of the electrolyzer will depend on the ability to advance the underlying technologies.

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Introducing Switchers

Innovation in Practice

Switchers provides a step-by-step guide, chock-full of actionable tips and useful tools, that empower readers to figure out their next move and draw a roadmap for how to get there. Negotiate a competitive compensation package—even as a “newbie” to the field. I am excited to announce a new book that was just released by my friend and colleague, Dawn Graham.

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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.

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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.

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How much is innovation costing your organization?

Innovation 360 Group

Ultimately, the market evolved to support a declining price based on competitive price pressures, and that is good for everyone. Recapture your innovation investments. Three actions you can take to improve your innovation ROI.

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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. In today’s ultra-competitive talent market, that’s a significant business advantage, because these organizations get more from their talent.

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Turn the Tables on Product Development Disruptions

Planview Blog

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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Reinvention: Accelerating Results in the Age of Disruption

Innovation in Practice

The opportunity to proactively leverage disruptive events in an effort to leapfrog the competition and actually accelerate results. A simple Reinvention Formula* and Reinvention Roadmap* (for both individuals and organizations), and assorted tools that can create breakthrough results, overcome resistance and inertia, and ensure that every change made reinforces and aligns to the end goal.

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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. 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. First they need to look at their vision, or innovation strategy. Resources allocation must match the strategy. innovation-management strategy innovation product-management

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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.

Design 65
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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? This could for instance be future competitors or collaborators and the force could be competition from new entrants.

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Creating Innovation Connections as the Customer Advocate

IdeaScale

Bezos took a strong stand that the company must not create a business strategy designed only to protect their existing business when their customers clearly wanted something else. 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.

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Five Ways to Fight the Inertia Holding Back Innovation

New Markets Advisors

They assume that the customers who are buying their products today will continue to buy from them as long as they do a reasonable job keeping up with the competition. In my book on Jobs to be Done , I outlined five strategies that companies can use to combat inertia. These strategies aren’t simply theories or historical anecdotes. One of the first strategies for fighting inertia is to tie your new offering to a purchase the customer is already making.

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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. 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. First they need to look at their vision, or innovation strategy. Resources allocation must match the strategy. innovation-management strategy innovation product-management