Finding the Ideation and Product Development Balance

IdeaScale

At some point, you have to stop ideating and start putting those ideas into production. But for many businesses, finding the line between ideation and product development can be tricky. IdeaScale balance brainstorming ideation product development

A Collaborative Product Development Stage Gate

IdeaScale

You might be surprised to learn that silica sand is used in a wide variety of industries: everything from the oil & gas vertical to products in sports & recreation. The post A Collaborative Product Development Stage Gate appeared first on IdeaScale.

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How to Speed Up Your New Product Development Process by 30%

Innovation 360 Group

A new product development process that works at lightning speed requires new ways of working plus new ways of innovating. In this post we will cover how to: Cut your development cycle time and free up working capital. Ideate – collect, reframe, and refine.

Using Lean Innovation in the Product Development and Commercialization Process

Moves the Needle

In today’s fast-moving business landscape, the ability to commercialize products quickly and efficiently is imperative. Companies that successfully bring new products to market rapidly, benefit from having a leg up on their competition while diminishing the negative effects of shrinking product life cycles. However, moving a product from lab to market is a process that in itself could use re-invention. Lean Innovation doesn’t begin and end with product development.

Why Your Innovation Process is a Recipe for Failure

InnovationManagement

Front End of Innovation Life Cycle Processes Ideation innovation funding innovation portfolio innovation support innovation team investment Product Development risk tolerance venture board venture capital

Digital Transformation and Its Impact on New-Product Management for Manufacturers

InnovationManagement

For the manufacturer undertaking new-product development, Digital Transformation means smart new products with embedded software. The post Digital Transformation and Its Impact on New-Product Management for Manufacturers appeared first on Innovation Management.

You Have to Have Something to Knock Down

helloFUTURE

ideas ideation innovation product development productivity strategic planning strategy

Key for Innovation Implementation and Business Success is Communication

Idea to Value

Sure, having a brilliant idea for a new product or service coupled with the top talent and resources may give you a rocket-propelled push at the starting line for the innovation process. Effective communication leads to collaboration among innovation teams , which leads to optimal performance outcomes for the new product development process and innovation To bring about the most successful collaborations, you must be able to marshal the forces of your i nnovation collective.

Ideation Drives Discovery in Customer Experience

Innovation Archetecture

It’s here, in developing the holistic practice of customer experience, that the CXO begins to look a lot like their chief innovation officer counterpart. The essential practices look remarkably similar, however, and ideation plays a critical role.

The death of the 20th Century corporation

Matthew Griffin

“Evidence shows us that the 20 th Century Corporation is dying and that it’s being replaced by a new breed of Millennial Organisation that operates, scales and runs in an entirely new way.

How a (crowdsourced) idea becomes a product

Betterific

Sterilite launches crowdsourced product. Sterilite , the industry leading manufacturer of plastic storage containers, launched their first ever crowdsourced product idea to the marketplace. . They brought together marketing and product development to evaluate the ideas.

The rise and rise of Entrepreneurs

Matthew Griffin

Entrepreneurs have faster and easier access to funding, expert resources, advanced manufacturing and prototyping techniques and rapid routes to market and when you connect billions of people together the next great idea and the means to resource, develop and sell it are merely a click away.

How Apple created two giants

Matthew Griffin

In the early days, when volumes of Apple branded products were lower than they are today Samsung and Foxconn were happy with their position in life but as time progressed and as they saw Apple’s money pile growing into a $150 Billion mountain their Board’s ambitions grew.

The secrets behind building a Unicorn

Matthew Griffin

You’ve heard their names and you’re already using their products and in many cases they are now the new market leaders, the companies everyone wants to be or to beat. Development. Their product has an obvious, communicable, quantifiable value. Stage 2: Development.

What Is Business Intelligence?

Collective Innovation

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. If you’re creating a new product historical data can provide a good measure as to what costs and revenue can be expected. Anything that can help illustrate what the impact of a new course or product may be. What exactly drew them to purchase your product over others?

The Banks Guide to scouting Fintech

Matthew Griffin

But wait up but are the banks and other industries that scout in this way actually in danger of missing out on valuable new innovative solutions and products? Business Models Disruptive Innovation Entrepreneurship Ideation Innovation Open Innovation Product Developments Start Ups banking blockbusters business strategy cio disruption disruptive innovation fintech

Have the Banks already been Disrupted?

Matthew Griffin

Their founders are busy scouring the markets, listening to consumers and using agile, low cost 21st Century technologies to design new, easy to adopt financial products and services like Peer to Peer lending, Bitcoin and blockchain virtual currencies, AI driven Wealth Management solutions without the Wealth Management advisors and elegant API driven Personal Financial Management solutions that give consumers new investment choices and more control over their family fortunes.

Idea Galaxy

Collective Innovation

We developed Idea Galaxy as a way to explore your idea space. To start using IdeaLab login as an administrator and click the user drop-down: Now you can begin your exploration: The post Idea Galaxy appeared first on Collective Innovation - Ideation Management Software. Analytics Crowdsourcing Innovation New Product Development Research business intelligence crowdsourcing data visualization open innovation

Communication is Key for Innovation Implementation and Business Success

Robert Brands

Sure, having a brilliant idea for a new product or service coupled with the top talent and resources may give you a rocket-propelled push at the starting line for the innovation process.

Guest Blog Post: How to plan for creativity; The power of divergent and convergent ideation

Betterific

The Betterific memberbase is comprised of design thinkers, product developers, and smart creatives. Read below to get smart; reach out to us if you’re interested in learning more about tapping into Betterific’s crowd of design thinkers to rethink your products and services.

Woulda-Coulda-Shoulda Innovation

Gregg Fraley

Each cycle or project progresses from a blank page, to a platform question, to ideation, to convergence, to pitch presentations. The top person chooses one or more of the pitched ideas to put into the product development pipeline for introduction.

Customer Feedback 101

Collective Innovation

This includes problems with the product, or potential improvements that could lead to increased revenue. In the Net Promoter system people rate the likelihood of recommending you or your product on a scale from 0 to 10. The traditional social model was simply posting brand or product oriented updates out to the many followers but the model used by the most successful names in business is that of engagement.

Innovation Myths Debunked: Part II

Robert Brands

An example of businesses in the retail industry who tried something new would be the subscription box-based model where subscribers pay in advance to receive curated boxes of products. Innovation without implementation is mere ideation.

Innovations to be thankful for… & the importance of the NPD process

Robert Brands

This week, let’s reflect on some of 2012’s best new ideations. POWERHOUSE Solar Shingle is a revolutionary new roofing product that combines the performance and protection of a conventional asphalt roof with an integrated photovoltaic solar system that powers the home. The Edison Awards honor excellence in new product and service development, marketing, human-centered design and innovation. New Product Development Process.

IM Award Lessons: Know Your Innovation Audience

IdeaScale

Amway : Collaborative Innovation is vital to Amway because it keeps our direct selling opportunity and products competitive and relevant for our Amway business owners. Case Study IdeaScale amway collaboration engagement ideate plan video

How You Ask for Innovation Matters

Gregg Fraley

I’ve said for some time that innovation should be everyone’s job, and it’s not just for R&D or product development teams. Provide feedback, as you go, to the ideation, steer it a bit. Six Considerations for Inclusive Innovation.

I.N.N.O.V.A.T.I.O.N : Creating a Culture of Innovation

Robert Brands

Innovation in business is the development of new customer value through solutions that meet new needs, inarticulate needs, or current needs in new ways. RROI gives easy-to-implement and immediately useful ideas for setting and reaching goals like bringing “at least one new product per year to market.”. Innovation leaders need to provide the right support, both material, time and emotional, to stimulate new product development (NPD).

What Kind of Company is a Good Fit for Crowdsourcing?

IdeaScale

After 69 years of growth, Dick’s is a great company ripe for crowdsourcing and they launched their first company-wide ideation platform last year. The concepts that started in the ideation program are now being reviewed by the product development team for potential implementation.

Inside One Multinational Bank’s Strategy for Fintech Expansion

Rocketspace

The role of R&D and new product development take on a different role within banks, which need to monitor on-the-ground trends at both the business and consumer levels. New product development is often interlaced with customer acquisition and retention. One challenge that corporate innovators face is how to jump over a major organizational hurdle—the barrier between ideation and innovation.

Agnes Sävenstedt

Innovation 360 Group

Provides expert analysis and sound guidance when developing unique concepts and ideas to facilitate valuable long-term change. New product development. Agile process development. Trend watching and ideation. Director-Level Consultant. Background.

What Kind of Company is a Good Fit for Crowdsourcing?

IdeaScale

After 69 years of growth, Dick’s is a great company ripe for crowdsourcing and they launched their first company-wide ideation platform last year. The concepts that started in the ideation program are now being reviewed by the product development team for potential implementation.

A Successful Product Improvement Workflow

IdeaScale

The first workflow that we’re going to examine is an innovation funnel that has successfully been used for product improvement ideas for product development collaboration : Ideation (Uses the Ideate Stage) : In this stage, idea authors offer product improvement ideas.

Agnes Sävenstedt

Innovation 360 Group

Provides expert analysis and sound guidance when developing unique concepts and ideas to facilitate valuable long-term change. New product development. Agile process development. Trend watching and ideation. Director-Level Consultant. Background.

What is Conceptboard?

InnovationTraining.org

Easy to use templates to get started quickly with brainstorming, meetings, product development, and more. Conceptboard is another excellent option for online collaboration and ideation processes.

Innovation building blocks: diverse perspectives and voices

Jeffrey Phillips

In a corporation, the "usual suspects" are typically high performing people who have demonstrated their ability to deliver high quality outcomes at low cost, typically running an existing process or product. This makes them the perfect suspects if we are trying to emulate an existing product or process, and perhaps the worst participants for an interesting innovation team. The Foursight model helps identify four personality types when it comes to developing a new product.

Innovation is too easy

Jeffrey Phillips

Without training, without skill development, without meaningful facilitation and without a well-defined scope and expected outcome, innovation is easy. First, since there's not a lot of compelling new ideas, the existing products must produce more revenue and profits than initially expected. Without a good pipeline of new solutions, the old solutions become more important, so companies look for methods to extend product life and add a few new features to existing products.

How much is innovation costing your organization?

Innovation 360 Group

Competitors share in the development of new ideas, more expertise is focused on the problems at hand, and everyone wins in the end. Ensure you have a structured and well documented new product development (NPD) process and a robust decision-making process in place at each funding stage.

"T" time for innovation

Jeffrey Phillips

The efficient, effective environment isn't a good development platform for new thinking and new ideas. Your existing product or service development programs are likely overworked and will reject ideas or solutions that require new capabilities. What this leads to is "me too" innovation, where the innovations are indistinguishable from existing products. The first team wants to sustain existing products and profits and not ruffle feathers.

Agile 173

Trends in Innovation in the Chemical Industry

Yet2

Geoffroy de Chabot-Tramecourt , director, R&D and Business Development, Janssen gave a stellar presentation, “ Janssen PMP: An Evolution in Innovation Management.” Like Evonik, they too engage the end user during product development.

Welcome to the Mid Zone of Innovation

Legacy Innovation Group

In 1991, Don Reinertsen and Preston Smith introduced the world to the "Fuzzy Front End" of product development. Koen envisioned the Front End as a structured series of steps focused on discovery, scoping, and business case development.

Crowdsourcing ideas: sexy ideas get implemented

Norbert Bol

new product development) by an undefined, generally large group of people in the form of an open call. Crowdsourcing ideas: Involving ordinary users in the ideation phase of new product development.

Overcome resistance and capture growth in the Financial Services Industry

Innovation 360 Group

We can embrace this opportunity by combining 21 st tools with industry expertise to deliver products and services that exceed our customers’ expectations. It drives innovation to a transactional level and leads organizations to seek the perceived lower risk of acquiring new ideas vs developing them in house. Often agile development initiatives are not ‘agile’ at all.

Case Study: Regional SME Development Project Brings Innovation Lift to Manufacturing Hub

Innovation 360 Group

These businesses are close to the action and markets, allowing them to easily adopt a need-seeker approach, a strategy highly correlated with radical innovation, the kind that shakes up markets and innovates from the inside out—from operations and processes though to business models and products.