How to Kill Innovation Projects

Destination Innovation

Starting exploration projects. Listening to customer feedback. Killing the weaker projects. They are all important but I believe that the most vital is #8 – the ability to kill off the weaker projects. Starting evaluation projects is harder but you need to start many because no-one knows which will succeed. If you start 20 projects it is likely that you are going to have to eliminate at least 17 or 18 of them.

How to Remove Roadblocks to Creativity

Idea to Value

When people think about what barriers a marketer may have to success, they usually think of technical challenges. Marketing requires many types of creativity and innovation to be successful. There are some steps you can take to avoid or break through these barriers when they appear.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

How To Defeat Global Project Problems

The Human Factor

Major corporations regularly embark on global projects that involve teams in diverse geographical locations. If you are considering embarking on a global project, or are already involved in one, then consider these factors that will have a huge impact on the success or failure of your project.

How To Align Innovation Projects With Corporate Strategy

Strategyzer

This results in innovation projects that inevitably fail to gain traction and support from leaders within the business. From our experience, nowadays most companies perform some sort of innovation activities. Unfortunately, we only rarely see a clear alignment between strategy and innovation. Steve Blank, founder of the Lean Startup movement, calls this “innovation theatre”. A bunch of innovation activities that do not produce any tangible outcomes.

Best Practices for a Marketing Database Cleanse

As frustrating as contact and account data management can be, this is still your database – a massive asset to your organization, even if it is rife with holes and inaccurate information. Entrusting a vendor to help maintain its accuracy and completeness is no ordinary engagement. Download ZoomInfo’s latest data-driven eBook aimed to help marketing leaders understand the best practices around choosing a B2B contact data provider.

How to Evaluate Visual Project Management Tools

Kainexus

We’ve received a bunch of responses to our recent posts about visual project management. Many of our readers have shared their stories about how moving to visual management has helped them get more projects completed and to better understand the results of their improvement efforts. Other readers have asked questions about what to look for when selecting tools for visual project management.

Tools 60

How to select the right innovation projects

Innovation 360 Group

November 17, 2020. 2020 Events Client Event Event Webinars

Results & Outcome Driven Projects

Be-novative

Be-novative Partner Hub 2nd Training How to create Results and Outcome driven projects? We contribute to a better, more creative Earth. We organized a company-wide innovation competition with IQBusiness in 2020 May, due to Be-novative’s free workshops.

Most AI Projects Fail. Here’s How To Make Yours Successful

Digital Tonto

Every Business Today Needs To Prepare For An AI-Driven World. Here’s How: [[ This is a content summary only. There remains a large gap between aspiration and reality Related posts: Why Most Marketers Will Fail In The Era Of Big Data. Visit my website for full links, other content, and more! ]]. All Posts Management Technology Artificial Intelligence

Agile Mindset: How to Use Sprints to Streamline Projects

mjvinnovation

In this article, we decided to reflect deeply on the subject. Keep reading to see how successful executives are achieving results in their everyday business through incorporating agile methodologies like SCRUM! Before we get into the agile mindset, we need to remember that it is linked to Agile Philosophy. At the time, experts created the Manifesto, which showed the need to value four fronts: Individuals and interactions about processes and tools.

Agile 40

How to Guarantee an Innovation Project Team Will Fail

Your Ideas are Terrible

To survive today’s business climate and its exponential rate of change, organizations can no longer practice the disastrous (and all-to-common) practice of placing big bets on a small number of ideas. Speed = how fast you can validate an idea. Throughput = how many ideas (validated or invalidated) are pumping through your innovation engine. Focus on creating an environment for innovation project teams to thrive. We hired Mary to run the business.

Living With Technical Debt: Balancing Quality and Perfection

Speaker: Cliff Gilley, The Clever PM

As a Product Manager, you probably have to deal with technical debt. Regularly. Whether you like it or not - because it can’t be avoided. Unexpected details pop up, as small as UX that needs clean-up, and as big as a previously unforeseen flaw in the infrastructure of a project. We have to accept that nobody gets away without some technical debt. And of course, the longer you take to deal with your technical debt, the more difficult it becomes to address fully. Feeling frustrated? Fortunately, we can take a step back, gain clarity, and see how the decisions we make impact our technical debt. Then, we can make decisions about how we want to balance technical debt with other priorities. Are we willing to live with some level of technical debt in order to ship product and meet deadlines? Can we mitigate technical debt to get to an MVP faster?

LP webinar: How To Successfully Work With Transformation Projects

Innovation 360 Group

The global spend on digital transformation is forecast to hit nearly 2 trillion dollars by 2022, according to IDC. And yet, research shows that up to 70% of transformation projects fail to produce desired results–a huge miss. Closing this gap is critical to global economic growth and stability. We invite all LPs to join us on May 2 at 8 a.m. What is transformation and how is it linked to digital transformation.

How to Scale Your Innovation Program

IdeaScale

Thus, every part of a business feels growing pains; departments need more staff, solutions that worked before begin to struggle under the increased volume, and informal approaches break down. This is true of innovation strategy as well, but it doesn’t have to be that way. A brilliant innovation strategy is conceived, executed as a pilot, and seems ready to go, and then it just doesn’t catch on. Then, develop a plan to scale it outward.

How To Help Your Team Manage Pressure

Tullio Siragusa

How To Help Your Team Manage Pressure. Steady pressure can cause us to fail to remember that others around us may be experiencing similar circumstances. It is fundamental to not just acknowledge when there is unnecessary tension, but to successfully oversee and evade it. Habits to Avoid. As a leader, you should be aware of how your workers are reacting to you. The weight of pressure is an inborn piece of work culture.

The Case for Ambiguity – How to Set Your IT Project Up For Success

MSSBTI

It’s fun to try and give your guesstimate on how many golf balls could fit into a 747 or how many cigarettes are smoked a day in Montana. However, that is exactly what happens to an overwhelming number of leaders on a regular basis with their technology projects. A McKinsey-Oxford study found that large IT projects go over-budget 45% of the time, over-schedule 7% of the time, and under-deliver 56% of the time¹. How to Avoid Project Estimation Errors.

The 10 Rules of Digital Transformation

Rmukesh Gupta

They come together on a virtual meeting every month for about 90 minutes to listen to a thought leader or a practitioner and their approach to digital transformation. He is part of the Group strategy office and he shared his thoughts, perspectives and how digital transformation is viewed in his organisation. According to a survey done by Mckinsey , leadership matters as much in a transformation project as in day-to-day activities.

Turning Metrics into Dollars: How to Turn Your Analytics Data into a Real Financial Model for your Startup

Speaker: Tristan Kromer, Lean Agile Coach, Kromatic

Some teams struggle to constantly optimize conversion rates without understanding the financial impact of those conversion rates. Sometimes that 0.1% increase isn't worth the engineering time we're spending! Early stage startups in particular may not need a four year business plan, but they need to start building out a model which will show how they can someday be profitable. At the very least, they need to be able to see the impact of a change in retention rates to their user growth.

How To Innovate Within a Successful Company

Mike Shipulski

If you’re trying to innovate within a successful company, I have one word for you: Don’t. If you want to live to fight another day, don’t do it. If an established business has been growing three percent year-on-year, expect them to grow three percent next year. Without a cataclysmic problem that threatens the very existence of a successful company, it’s almost impossible to innovate within its four walls.

How to Demonstrate Teamwork in the Workplace

CMOE

It’s impossible for a team to innovate, stand out, or add superior value without superior teamwork skills. More than skill, subject-matter knowledge, or industry experience, organizations need workers who understand the principles of teamwork and how to apply them.

How to Rescue a Troubled Project

AureaWorks

Every project manager takes on a new assignment expecting the best outcome. In a perfect world, careful planning would lead to high-quality projects that are submitted on time and on budget. While most projects might have a few issues during the execution process, some get derailed. Not only are PMs then left scrambling to allocate budgets and resources, they also have to cobble together the expected deliverables. Discuss Project Boundaries and Limits.

How to Build a Better Creative Team

IdeaScale

It all starts with setting goals, then proceeds to finding the right people for the team. When it all clicks, a creative team can become a hub of innovation management, pushing creative ideas through from concept to implementation. Here’s how to do it. If your goal is generating a flowing pipeline of new ideas for your business, your approach will be a bit different than if your goal is to complete a particular project.

Bridging the Gap: Implementing CIO Leadership in Project Management

Speaker: Clint Padgett, President & CEO, Project Success Inc.

You may have a visionary CIO and very capable project managers. You may have the best tech, the latest software, and stellar talent. But if you can’t establish a dynamic, collaborative team with a clear mission, then your project will slip through the cracks. It’s time for CIOs to unlock their "people potential" and learn the leadership skills that will lead to satisfied project managers and more than satisfactory project results. Join Clint Padgett, CEO and President of Project Success Inc., and bridge the gap between CIOs and Project Managers to create a passionate and successful team.

Idea Management: Learning When and How to Say “Enough”

IdeaScale

We all know intellectually that sometimes projects fail, but that doesn’t necessarily make it easier when it’s our project that fails. If you have ever had to scrap a project, you’re in good company. Over one-third of projects fail , either not meeting their business intent, missing timelines, or going over budget. If you think of startup businesses as projects, nine out of ten of them fail. Learn to Separate Projects from Egos (Including Your Own).

Here’s How To Keep Your Data Project From Running Of The Rails

Innovation Excellence

The Internet of Things combined with the ability to store massive amounts of data and powerful new analytical techniques like machine learning would help derive important new insights, automate processes and transform business models. We were told that “data is the new oil.”

Data 71

How to Build Your Ability to Work Under Pressure

CMOE

The ability to work under pressure means you can still perform your job duties well, even in the presence of stress. To work effectively under pressure, you must not let these stressors distract you; it’s essential that you remain level-headed. Working extra hours to meet deadlines.

Four Questions to Choose Innovation Projects

Mike Shipulski

It’s a challenge to prioritize and choose innovation projects. But with all that, you’ve still go to choose. The project will be long, expensive and difficult. And if the potential increase in sales is not big enough, the project is not worth starting. If the project does not have the potential to meet those criteria, don’t do the project. The difficult question – How to estimate the incremental sales five years after launch?

Never Miss an Opportunity: How ISO 56000 Enables an Innovative Organization

Speaker: Peter Merrill, President, Quest Management Inc.

One of the challenges for innovators is how to integrate innovation with Quality Management (QMS) and balance the culture of creativity with execution. Join Peter Merrill as he walks us through the newly published ISO 56000 series on Innovation Management, specifically the Guidance Standard ISO 56002 that discusses how to establish an Innovation Management System (IMS). He will take you through the elements of innovation management from strategy development, through risk assessment to solution delivery.

How to manage projects and teams in times of remote work

mjvinnovation

This trend, which has already found its niche in several organizations, has now become an absolute necessity for millions of companies that stopped their regular operations in order to help flatten the curve. But how is one supposed to properly manage projects and teams remotely? Here, we will give you an overview of what the experts have to say on the subject. It is also important to accept that the future of work is remote.

How to Enable Organizational Success without Micromanagement

Tullio Siragusa

How to Enable Organizational Success without Micromanagement. Amazing lessons in leadership can be learned by stepping up to lead in a volunteer organization. No one is getting paid to be there, and in most cases you had nothing to do with who is there. You have to work with what you have, or risk losing the people who are there to volunteer along with you. The key to enrolling people to accomplish goals as a team is trust.”.

How to Make Good Lean Startup Hypotheses

Tim Kastelle

Imagine that we’re trying to build a startup called ScotchFinder – it’s like AirB’n’B, but for Scotch! Our first hypothesis often looks like this: We believe that: people will be happy to share their rare scotch with others. Obviously, it’s better to start with this than it is to go into interviews blindly. We often try to approach interviews as though we are looking for a representative sample of the population.

LEAN 150

How to Setup Your IoT Project for Success

Taivara

Planning for metrics and reports may feel like the last thing you want to worry about when there are so many more important things to do during the launching of a new IoT project. They’re an integral part of the roadmap to where you’re going. My “measure of success” wasn’t management’s measure of success, and I found myself pushing for a project that had zero reason for survival. IoT Metrics Need to Tell the Right Story.

Data 28

How Agile Approaches Change Project, Program, and Product Measures

Speaker: Johanna Rothman, Management Consultant, Rothman Consulting Group

Before agile approaches took the world by storm, we used Gantt charts and defects to measure project and program progress. We had trouble measuring product progress until just before release—often too late to change anything. Join Johanna as she discusses how agile approaches change what we measure, and possible measures you might use in projects, programs, and to assess the product as the team(s) build it.

An Unconventional Approach to Manage Your Projects

Rmukesh Gupta

Almost everyone project manager that I meet wants to find out a way to do two things: Deliver their projects on-budget and on-time Be innovative in their approach while doing so. Yet, we know that most projects are neither on-budget nor on-time. The bigger and more critical the project, the more likely that it will over-run budgets and get delayed. So, why is it that most large projects fail? This needs to happen before the project is started.

How to Build Careers with Innovation

IdeaScale

If you’re wondering how to build careers with innovation, look to these three IdeaScale examples. Sno-Isle Libraries has a program where ideas are reviewed by a committee of peers who help to refine it and assign it to the right team members for implementation. In the Covia crowdsourced innovation community, the results were already stupendous: almost $13 million in savings or projected new revenues from employee ideas.

How To 132

How to Collaborate with Cross-Functional Teams in the Workplace

CMOE

Yet in a cross-functional team, each seemingly unrelated part must work together, just like the eye and foot work together to help a person walk. Without R&D, legal would have nothing to work on, for example. But what is the best way to do this?

How To Allocate Resources

Mike Shipulski

How a company allocates its resources defines its strategy. But it’s tricky business to allocate resources in a way that makes the most of the existing products, services and business models yet accomplishes what’s needed to create the future. To strike the right balance, and before any decisions on specific projects, allocate the desired spending into three buckets – short, medium and long. Use the business objectives to set the weighting.

Mash-Ups for Innovation, a How To Guide

Gregg Fraley

How to Do Mash-Ups for Innovation. To say the least Mash-Ups hold great promise in helping people and organizations find useful and sometimes breakthrough innovations. To digest this in bits, simply use the index to go to the section that interests you. There is value to reading these sections in order, but for those with an urgent need, you’ll find instructions for facilitation in the Continuum of Mash-Ups and How To sections below.

How to Choose the Best Idea

Mike Shipulski

We don’t need more ideas, we need a way to choose the best one or two ideas and run them to ground. If it’s not important enough to make a crude physical prototype and create a simple video, the idea isn’t worth a damn. If someone isn’t willing to carve out the time to make a physical prototype, there’s no emotional energy behind the idea and it should be left to die. Next, get the band back together to watch the Box 4 videos.

Video 43

How to Increase Your Learning Abilities

Tullio Siragusa

How to Increase Your Learning Abilities. Whether it is an advanced skill, a new technology, a second language, or new information, learning is the key to growing and understanding the world around us. Learning also broadens your vision, and your ability to see situations, problems, and techniques in broader ways.”. I am going to share them with you. Learning is important, and so are the techniques which can help to make it faster and more efficient.

How to Find Your First Customers

Tim Kastelle

The first issue is that the customer development process is different in business-to-business settings than it is when we’re targeting end users. My response to the team was: “There’s not a plant manager in the world that has scaling problems, but there are plenty of production engineers that do.” ” It’s harder to identify customer needs (and pain) inside of a business, because there are lots of different agendas in play.

How To 144

How to Improve Relationships at Work

Tullio Siragusa

How to Improve Relationships at Work. That meaningful work encompasses working with a strong team in addition to having your dream job and realization as a valued member of the company. It’s important to develop strong relationships with team members, project managers, senior management, vendors, clients, customers, direct reports and administrators. Ways to Improve Working Relationships. There are two important ways to improve your relationships at work.

How to lead intrapreneurship and innovation

The Future Shapers

The premise is that with climate change we are running out of time and startups are too slow to scale. Larger enterprises have massive financial resources to explore new opportunities. They can build vast networks of external collaborators to explore a broad array of emerging technologies. They have incredibly deep reservoirs of technical talent and operational skills critical to bringing innovations to the market. They are not exhaustive to-do lists.