Improve Product Innovation with Internal and External Feedback

IdeaScale

Customers are integral to the product innovation process.?. Product innovation is all about new ideas from both your employees and your customers. Trying to develop a new product without input from your customers is akin to shooting arrows in the dark.

Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

We are facing greater disruption and an increasing innovation pace. The prospect of new innovation potential will eventually work through into the world of Industry 4.0 Innovation is ready for those accelerating and being fully committed to their 4IR journey.

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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

“After a decade of flat productivity, the arrival of the Fourth Industrial Revolution (4IR) is expected to create up to $3.7 Still, the hockey stick of benefits has not kicked in yet – while all companies are making efforts to adopt technology, most of the production industry (~70%) remains in pilot purgatory (where technology pilots last for extended periods of time, and companies do not take the final step of scaling up viable technologies).

Shifting Radically the Innovation Business Model

Paul Hobcraft

Shifting Radically the Innovation Business Model. I have been spending some significant time on questioning the current innovation business model, from both the customers (clients) perspective and the innovation consultants’ one. Now we all know not all things are equal, many companies have invested significantly in improving their innovation capabilities. For me, the process and management of innovation really does need to be definitely questioned.

Measuring Innovation Performance

Measuring innovation performance Our innovation campaigns prove that there is a way to. measure innovation performance. Innovation-active ?rms tability and productivity, increased. Along with balancing the innovation. aside as innovation spend.

Moving towards a new innovation service model

Paul Hobcraft

The realization that innovation goes way beyond product innovation is a massive hurdle for many of our existing organizations to overcome, certainly in what they are offering today as solutions. This is part two of an extended series on my thoughts on “ moving towards a new way of managing innovation ” that explores the potential for changing the management of innovation. I would suggest on the very way we manage innovation.

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.

Report 157

The problem of scaling can confuse those innovating.

Paul Hobcraft

The problem of scaling can confuse those innovating and can this be changed? This could be in a new plant, in where production should be situated, so it can be allowed to scale at a later date, in resources able to achieve scale or more importantly you scale according to the type of goods or demand so they can be readily available, closer to the market they are needed. The shedding of legacy can equally liberate innovation. This is where innovation comes into play.

Report 177

We Require A Shift of Innovation Management Solution Providers

Paul Hobcraft

There is still a real reluctance that the supplier of innovation software solutions has to change. I think with the recognition that innovation occurs across the whole organization the innovation management (IM) providers have to radically alter their business model or recognize they need to broaden out their target market inside organizations as innovation is occurring in all corners of the organization today.

Crowdsourcing Internal Innovation

Collective Innovation

Regardless of what kind of business you are in there are numerous different types of innovation that can give you a clear competitive advantage and make you more successful. The most common types of sustaining innovation are: Application Innovation : This is when you find a new use for an existing product, tapping into a new base of customers and potential. This includes customer service and sales innovations that affect the customer experience.

What is Innovation in Business and How Can it Build Business Longevity?

Qmarkets

You’ve probably heard the term ‘business innovation’ being hailed as a practice to drive business success and to sustain growth during turbulent times – but what does it actually mean? We’ll also dive into how innovation helps drive business success and longevity.

The innovation value lies within the new system

Paul Hobcraft

As many of our business organizations seek to optimize their processes across the company, they are constantly reaching more outside to gain growing partnerships and greater innovation interactions. They are looking to complement and reinforce existing capabilities through more open innovation thinking and approaches. Building new innovative collaborations. The evolving innovation lab. The new innovation era. Core capabilities have upsides and downsides.

System 140

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.

5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Innovation — a necessary component of any successful business in the modern world. Regardless of the industry your business falls in, innovation can keep your team ahead of the trends and competitors and foster stability and consistency within your strategy. This is innovation.

5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Innovation — a necessary component of any successful business in the modern world. Regardless of the industry your business falls in, innovation can keep your team ahead of the trends and competitors and foster stability and consistency within your strategy. This is innovation.

The gulf between innovation goals and execution

Jeffrey Phillips

Accenture has recently published an innovation survey of 500 executives in the US. I'm particularly partial to portions of this survey because the authors identify a real and growing problem - the gap between what executives want from innovation, and the organization's ability to deliver. By now everyone knows that innovation is a top three priority for executives. But saying that innovation is important doesn't mean it will get funded, get prioritized and get done.

Survey 122

Process Jolt #13 - Welcome emotion as a friend, not an enemy

Values Centered Innovation

Welcome to our 3-Minute Conscious Innovator ® process! Are you ready for a new, insight-provoking “Jolt” … something designed to “rearrange your molecules” as it elicits your unique, innovative potential in life and work? So, what does emotion have to do with innovation?

Process Jolt #13 - Welcome emotion as a friend, not an enemy

Values Centered Innovation

Welcome to our 3-Minute Conscious Innovatorprocess! Are you ready for a new, insight-provoking “Jolt” … something designed to “rearrange your molecules” as it elicits your unique, innovative potential in life and work? So, what does emotion have to do with innovation?

Process Jolt #13 - Welcome emotion as a friend, not an enemy

Values Centered Innovation

Welcome to our 3-Minute Conscious Innovatorprocess! Are you ready for a new, insight-provoking “Jolt” … something designed to “rearrange your molecules” as it elicits your unique, innovative potential in life and work? So, what does emotion have to do with innovation?

What is Innovation in Business and How Can it Build Business Longevity?

Qmarkets

You’ve probably heard the term ‘business innovation’ being hailed as a practice to drive business success and to sustain growth during turbulent times – but what does it actually mean? We’ll also dive into how innovation helps drive business success and longevity.

Technology Scouting Software for Open Innovation

eZassi

Consumer demands have never been higher, and large organization who don’t innovate will eventually die (think of Blockbuster or Xerox). Large organizations like these can no longer exclusively rely on the internal R&D team or employee base to produce the product innovation and insights that will keep them in the game. Enterprises are increasingly turning to open innovation for their product development strategy. Open Innovation Technology

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).

Choosing your direction of travel

Paul Hobcraft

In the past week or so, I have been looking a little harder at the Chemical and Pharmaceutical Industry relating to innovation, it left me a little frustrated. I felt that warm and fuzzy feeling, as I read all too often those comforting words or platitudes of how “innovation is vital to us” and one of the “highest areas of focus.” Blockbusters seem a thing of the past but perhaps they don’t need to be with a very different innovative approach. We need to engage differently.

From product to business model innovation: TICK, the laundry on demand service from Migros.

The BMI Lab Blog

Business model innovation is a complex process that requires skills, motivation, support and time. When we look for inspiring examples of business model innovations on the Internet, we usually find business cases like Netflix, Amazon, Uber or other giants that have successfully implemented new business models, and hence boosted their performance and market dominance. We would like to introduce you to one such example: TICK, an innovative venture of Mibelle Group.

Dear Consultant, Do You Ever Wonder How?

Ideanote

Do you ponder over the question on how to ensure a culture of continuous innovation? But how do you engage the employees on the ground, those who are going to carry out your plans? And finally, how do you support continuous innovation after and in-between creative sessions and workshops? An innovation platform can help you achieve so much more than collecting ideas from people. Make Innovation Easy and Sustainable. Innovation doesn’t have to be hard.

Getting started with Innovation Metrics

Strategos

Getting started with Innovation Metrics. It seems an oxymoron to some that, a process as spontaneous and creative as innovation can and should be measured. Here at Strategos, we firmly believe that innovation can be taught, learned and systematically implemented by establishing the right processes, systems, structures, skills and metrics. Metrics are essential to track and guide the development of your innovation system. INPUT – PROCESS – OUTPUT.

How Corporations Can Manage New Ventures and University Projects as Extensions of their Advanced Product Development

Corporate Innovation

Professor Ikhlaq Sidhu and I recently started talking about how the interest of corporations in the innovations created by startups is leading to changes in corporate R&D models, an area he has been studying for some time. This is the first of what we hope to be a series on posts on how startup innovation is impacting corporate R&D models. The World of Innovation Has Changed. A great deal has changed in corporate innovation since the days of Bell Labs and Xerox PARC.

How Corporations Can Manage New Ventures and University Projects as Extensions of their Advanced Product Development

Corporate Innovation

Professor Ikhlaq Sidhu and I recently started talking about how the interest of corporations in the innovations created by startups is leading to changes in corporate R&D models, an area he has been studying for some time. This is the first of what we hope to be a series on posts on how startup innovation is impacting corporate R&D models. The World of Innovation Has Changed. A great deal has changed in corporate innovation since the days of Bell Labs and Xerox PARC.

Great Ideas Aren’t Enough

Innovationship

You’ve heard this proverb before, and you’ve undoubtedly had the experience of realizing its simple truth: the initial conditions of a process will have a dramatic impact on the outcome. You can spend all of your money and time trying to sow innovation into your company, but if the company soil isn’t also enriched — that is, if you haven’t done the work to transform your mindset and culture — don’t expect to reap the fruits of your efforts. I’m an innovation psychologist.

Bring Markets Into Perfect Focus by Defining Them Around the Customer’s Job-To-Be-Done

Strategyn

Companies often define the markets they serve around the technology in their product offerings… a technology that one day will become obsolete. A market, which is the target of everything a company does, should not be defined around something so unstable that it is only valid until the next product iteration. This is why the Outcome-Driven Innovation (ODI) process defines a market around the customer’s “job-to-be-done.”

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. What is innovation management software (IMS)? Why do companies need innovation management software? And, thirty-eight percent vs. 22% are very satisfied with the return on their innovation investments. 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. What is innovation management software (IMS)? Why do companies need innovation management software? And, thirty-eight percent vs. 22% are very satisfied with the return on their innovation investments. Poor innovation implementation.

How Corporations Can Manage New Ventures and University Projects as Extensions of their Advanced Product Development

Corporate Innovation

Professor Ikhlaq Sidhu and I recently started talking about how the interest of corporations in the innovations created by startups is leading to changes in corporate R&D models, an area he has been studying for some time. This is the first of what we hope to be a series on posts on how startup innovation is impacting corporate R&D models. The World of Innovation Has Changed. A great deal has changed in corporate innovation since the days of Bell Labs and Xerox PARC.

A Beginner’s Guide to Web Site Optimization—Part 1

Boxes and Arrows

In Part 2, I’ll dive into a detailed process discussion covering topics such as deciding what to test, writing optimization plans, and best practices when running tests. The basic process is simple: Create a few different design options, or variations , of a page/section of your website. Within optimization, the basic process is to analyze data, create and run tests, then implement the winners of those tests. Discovery, Research, and Testing Process and Methods

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. A central R&D body is an effective source for transformational 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. A central R&D body is an effective source for transformational innovation.

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Like any business function, innovation can be managed.

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Like any business function, innovation can be managed.

Déjà vu all over again: Corporate innovation is stuck in a rut

The Future Shapers

I’ve had a chance to read a very well researched report on corporate innovation conducted by KPMG in coordination with Innovation Leader. The report, Benchmarking Innovation Impact 2018 , is exceptionally thorough and provides good insights into the current state of innovation. My analysis is reinforced by Accenture’s new report on innovation, Make your Wise Pivot to the New. Enable the organization to innovate by design. Nascent innovators (the rest).

Agile 40

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. Innovation can’t be tackled through broad-brush recipes or tools.

Innovation Ecosystem: Bridging the Gap Between Digital and Offline Innovation

Qmarkets

Innovation used to be something that would happen in a physical setting, be it in a workshop, a laboratory, research center, etc. Now, with the advent of innovation software, the process of ideation and collaboration mostly happens online. However, there are innate benefits to innovating “in the real world”, benefits which a digital interaction will never be able to fully replicate. Benefits of Online Innovation. Benefits of Offline Innovation.

Innovation Ecosystem: Bridging the Gap Between Digital and Offline Innovation

Qmarkets

Innovation used to be something that would happen in a physical setting, be it in a workshop, a laboratory, research center, etc. Now, with the advent of innovation software, the process of ideation and collaboration mostly happens online. However, there are innate benefits to innovating “in the real world”, benefits which a digital interaction will never be able to fully replicate. Benefits of Online Innovation. Benefits of Offline Innovation.