Can We Have One of These? A Product Innovation Platform

Paul Hobcraft

Recently I was exploring the world of Product Lifecycle Management (PLM) and read an excellent Whitepaper from Aras Corp , one of the leading PLM solution providers. I have argued we do need to change the way we undertake innovation and its development. I am really frustrated by the legacy we have in our processes, systems and the ways we approach innovation, and its development lifecycle. A truly open innovation platform. Aras PLM Product Innovation Platform.

Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

At the beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. From our point of view, all of the issues pinned down at that time have gained significant importance, are being intensively debated and can still be considered cutting-edge for companies to stay ahead in managing innovation. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts.

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Everything you need to know about innovation management software

hackerearth

Although enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process. With the right tool, the idea generation, implementation and evaluation, and market tracking phases can be managed to create successful business outcomes. What is innovation management software (IMS)? Poor innovation implementation.

Innovation management software: Everything you need to know

hackerearth

Although the enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process. With the right tool, the idea generation, implementation and evaluation, and market tracking phases can be managed to create successful business outcomes. What is innovation management software (IMS)? Poor innovation implementation.

How to Build the Ultimate Crowdsourcing Platform: Qmarkets’ New VP of Product Discusses Creativity and Innovation Management

Qmarkets

Sivan Leshem joined Qmarkets in 2011 as a project manager, before going on to manage the product delivery department during a period which would see Qmarkets grow into a leader within the idea management market. Most recently Sivan has stepped into the role of Vice President of Product. We sat down with her to discuss her experience at Qmarkets, creativity and innovation management, as well as her vision for the future of the crowdsourcing platform.

What Is Business Intelligence?

Collective Innovation

Business intelligence is the collection and analysis of data to support decisions at all levels of the organization. When used correctly this data can allow companies to reasonably predict the outcome and validate their decisions while still moving quickly and innovating. Business Intelligence turns your data into actionable information allowing you to make decisions that increase the likelihood of successful new products, sales programs and marketing efforts.

95% of new products fail: make sure yours isn’t one of them

ideas4allinnovation

Every year, over 30,000 new products see the light, of which 95% fail shortly after their launch. This is data presented by Clayton Christensen, professor at Harvard Business School , in this INC article. For example, Inez Blackburn, professor at the University of Toronto, speaks rather of 70-80% of failed products. Having said this, let us review some keys to land these variables within a product development process. Products that don’t fail solve real problems.

How Chief Innovation Officer (CINO) may replace the traditional Chief Information Officer (CIO)

hackerearth

The 2018 Gartner CIO Agenda Survey demonstrates that technological innovation and digitalization are changing the way CIOs work. Of the CIOs surveyed in India, 51 percent reported that they were heading innovation, whereas 49 percent reported that they were leading digital transformation. The survey collected data from 3,160 CIOs in 98 countries, covering all major industries. The CIO is the Chief Innovation Officer. Innovation is the way to stay competitive.

Participation leads to Innovation

Destination Innovation

Spigit is a leading innovation management software company. They recently published a research paper entitled ‘Quantifying a Culture of Innovation.’ ’ Northwestern University’s Kellogg School of Management carried out a study of data from 154 corporate customers of Spigit over a five year period. They found that four factors were particularly important for success with innovation and growth. Quantifying a Culture of Innovation.

How to enable inclusive innovation

hackerearth

The innovation system would meet the needs of every person. Inadequacy or inaccessibility should not constrain people’s innovative ability. What is inclusive innovation? Foster and Heeks (2015) define it this way: “ Inclusive innovation is the means by which new goods and services are developed for and by marginal groups (the poor, women, the disabled, ethnic minorities, etc).” Here, the excluded groups are both producers and customers of innovations.

Building the Single Innovation Digital Platform Environment

Paul Hobcraft

Throughout the past couple of years, I have been constantly arguing about the need to put innovation management on a digital platform. These have come in different thoughts on digital platforms, ready for cross-industry and having in place, a rapid digital innovation process that scales and evolves on new technology and insights. What if you could manage your innovation in the ways shown in this diagram? Innovation today requires, no demands more connectivity.

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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Hence, I gave it some thought, starting by revisting an earlier reflection: Beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. From my point of view, all of the issues pinned down at that time have gained significant importance, are being intensively debated and can still be considered cutting-edge for companies to stay ahead in managing innovation. Reinvention through business model innovation.

Are Digital Transformation and Innovation the Same Thing?

IdeaScale

Some companies have an innovation strategy. Innovation. Innovation is the introduction of any significant, positive change. This can be changes in public policy, small improvements to a company’s processes, totally new, disruptive product offerings, and more. Global Innovation Management Institute’s describes the distribution of innovation possibilities into one of five categories: business model, production, offering, delivery, and market innovation.

3 Dimensions of Innovation: the 23 Capabilities your company needs to succeed

Idea to Value

The image here is the list of exactly which capabilities your company needs to succeed at innovation. Almost every business leader will tell you that they value innovation and that it is a positive & important factor for their company. In fact, innovation and creativity are cited as being some of the most important skills and differentiators listed by CEOs which will determine their future success. The Three Dimensions of Innovation (by Nick Skillicorn).

How to Achieve High-Quality Ideas in Idea Competition?

Ideanote

In the previous blog post, we laid out the concept behind in-house innovation competition and the benefits that come with it. Now, we will give you a few useful tips on how to manage the contest to assure high-quality ideas are born. If you already picked a suitable innovation management platform to get you started, it is time to plan your first idea contest. Internal idea competitions are a great way to take the organizational innovation culture to a new level.

Does culture eat strategy for breakfast?

Innovation 360 Group

Innovations are infinite, even within a finite market. However, not all innovations start with the same chance at a fully productive lifecycle. Innovations that survive are most often those that are supported by an organizational culture that plans innovation strategically and maintains a portfolio of ideas that function well in relation to each other. This is confirmed by many innovator organizations I have encountered all over the world. Data!

Capabilities and Leadership Close the Skills Gap in Manufacturing

Innovation 360 Group

When it comes to innovation, building capabilities and applying the right leadership style give top performing manufacturers the edge over skills-focused peers. As the manufacturing sector speeds into a world of futuristic tech and disruptive business models, creativity and innovation are becoming critical skills for figuring out how to unlock value strategically. Figure 1: Innovation tops the list (Source: World Economic Forum).

Game Changers: How Citizen Science and Gamification Are Transforming the Business World

Qmarkets

Today, this audacity is reflected in the rising influence of citizen driven innovation and science – that is, the collaboration of volunteer non-scientists with professional scientists in collecting data and analyzing it to resolve real-world issues. As the general public’s interest in science continues to increase, professional scientists and researchers develop innovative tools to effectively engage crowds. Inform your innovation strategy.

Reviewing research on 3D Printing

Open Innovation

The talk was part of two 3DP sessions within the 2019 R&D Management Conferece hosted by Thierry Rayna, Frank Piller & I. The talk covered these themes History of 3D printing industry (from West & Kuk, 2016 ) Some stats on management/business research on 3D printing Ideas and suggestions on how 3D printing research could have more impact My slides have been uploaded to SlideShare.

Two years later, Lichtenthaler count stands at 16

Open Innovation

Just after posting the 14th and 15th retractions of Ulrich Lichtenthaler — in Entrepreneurship Theory & Practice — I received emails from two faithful readers pointing to his 16th retraction, in the Journal of Engineering and Technology Management (JET-M). Of the subsequent 8 retractions, two came from LES studies and two came from papers that seemed to use the LES data but didn’t say so directly (as did the SMJ retraction ).

Six Internal Innovation Sources You should know

ITONICS

Spotting efficient sources for different types of innovation is a challenge for innovation leaders. We took a closer look at the most important sources of innovation in large companies: The Leadership. Corporate Innovation Board, Chief Innovation Officer, or other senior executives. The strategy and the direction of innovation are set by a company’s top management. R&D body that is centrally managed and financed by the company.

Why organization matters for Innovation Success

Innovation 360

Innovations are infinite, even within a finite market. However, not all innovations start with the same chance at a fully productive lifecycle. Innovations that survive are most often those that are supported by an organizational culture that plans innovation strategically and maintains a portfolio of ideas that function well in relation to each other. This is confirmed by many innovator organizations I have encountered all over the world. Data!

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Co-creating volume 3

Innovation 360 Group

Now we start the work co-creating volume 3 of the Complete Guide to business Innovation and you are invited! INTRODUCTION TO VOLUME 3: INNOVATION SYSTEM FROM IDEATION TO GOVERNANCE. Innovators are always saying that they want to make the world a better place, so why isn’t it any better? Best of all, he proved his points it with marvelously inventive data visualizations. Every one of us has full access to an infinitely varied and vastly underused resource: Innovation.

6 Internal Sources of Innovation

ITONICS

Spotting efficient sources for different types of innovation is a challenge for innovation leaders. We took a closer look at the most important sources of innovation in large companies: The Leadership. Corporate Innovation Board, Chief Innovation Officer, or other senior executives. The strategy and the direction of innovation are set by a company’s top management. R&D body that is centrally managed and financed by the company.

The Innovation Mosaic: Building Bridges Between the Many Perspectives on Innovation

Legacy Innovation Group

The Innovation Mosaic: Building Bridges Between the Many Perspectives on Innovation. I have been a student of innovation for more years now than I care to count. One of the things that has always made innovation so enjoyable to me is the fact that every business discipline seems to believe they "own" innovation, a premise from which they have devised their particular flavor of innovation – one that in each case mirrors their unique perspectives on business.

R&D Management: Let's Reward Fraud, Not Punish It

Open Innovation

For the past month or so, I have been getting reminders of a new publication on open innovation in R&D Management. This month, it was perhaps the last hurrah of the discredited , fired ex-academic whose who will be remembered in innovation studies as the greatest fraud of the early 21st century. Lichtenthaler wrote: … In this regard, inbound open innovation has attracted substantially more attention by researchers than outbound open innovation (West and Bogers, 2014).

Co-creating volume 3

Innovation 360

Now we start the work co-creating volume 3 of the Complete Guide to business Innovation and you are invited! INTRODUCTION TO VOLUME 3: INNOVATION SYSTEM FROM IDEATION TO GOVERNANCE. Innovators are always saying that they want to make the world a better place, so why isn’t it any better? Best of all, he proved his points it with marvelously inventive data visualizations. Every one of us has full access to an infinitely varied and vastly underused resource: Innovation.

Generating Value: A Talk with Qmarkets’ New VP Product

Qmarkets

Sivan Leshem joined Qmarkets in 2011 as a project manager, before going on to manage the product delivery department during a period which would see Qmarkets grow into a leader within the idea and innovation management market. Most recently Sivan has stepped into the role of Vice President of Product, so we sat down with her to discuss her experience at Qmarkets and her vision for the future.