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Five Product Innovations that Evolved Over Time

IdeaScale

The product innovations that generate the most excitement and public interest are the disruptive innovations. However, these innovations aren’t that common. The most successful, innovative companies strike a balance between core, adjacent, and transformational initiatives.

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What to innovate now

Jeffrey Phillips

This is a great mode that I constantly refer back to with my clients, to convince them to think about innovation beyond product innovation. Today, experience innovation, process innovation and service innovation is as important as a new product. Product innovation is of course necessary for survival.

Agile 261
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Creating Roadmaps for Success: How to Design and Run a Strategic Planning Offsite

Leapfrogging

Engaging in this practice equips you with a clearer understanding of where your organization stands and where it needs to go, helping to navigate through competitive and rapidly changing markets. They offer a unique setting for your leadership team to align, strategize, and innovate away from the daily grind.

Roadmap 100
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My innovation journey (so far)

Jeffrey Phillips

Market evidence will tell you that most of new product innovations fail in the first year. Managers can squeeze out a few more percentage points of profit on existing products without significant risk. Not too innovative. Doing new things in large corporations is difficult. I think we'll need to watch carefully.

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Thinking about innovation and strategy

Jeffrey Phillips

Innovation Definition Innovation, in its simplest form, is simply turning good ideas into some valuable action. That action may be creating a new product, or developing a new channel or business model. Innovation hopes to achieve a specific outcome, but most often a much more tactical solution like creating a new product.

Strategy 284
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Finding the best innovators

Jeffrey Phillips

This is, of course, just a rule of thumb, and in reality a 20% resource investment in next and new products and services will seem rather large to most corporations. Again, Pareto raises his head to say less than 20% of your people are even reasonably prepared to do interesting innovation work.

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Exploding the explosion of innovation myths

Jeffrey Phillips

Basically, what they found, at least from what I read, is that innovation is deterministic, based on the advance of underlying physics. I am simplifying, of course, and will link to the Wall Street Journal article here. They simply did not see, or did not look, at the market opportunity. Is this really news?