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You need to know your success criteria

Idea to Value

My response was simple: You need to be very clear about the strategic success criteria your are looking for from all your innovation efforts. Once you have agreed those success criteria, prioritising ideas and innovation projects becomes a lot more straightforward.

LEAN 214
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Opportunity cost

Idea to Value

And while it is a fundamental principle in economics and investing, it is just as important in innovation management as well. Most companies do not struggle with innovation because they have too few ideas. Yes, you cannot invest in two full-scale innovation projects which require the same people, money and resources.

LEAN 225
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Lean Innovation Management – Making Corporate Innovation Work

Steve Blank

government to help them innovate faster– not just kind of fast, but 10x the number of initiatives in 1/5 the time. —– Lean Innovation Management. In working with Greg Hannon , the head of Innovation at W.L. The result will be: a new, Lean version of the Three Horizons of Innovation.

LEAN 49
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Innovation Management Software: Connect Creativity and Collaboration

Planview

Which is why “Innovation is rewarded but execution is worshipped!” While most innovation management software makes it possible for teams and organizations to gather and iterate on ideas, the question you must ask is, how do you ensure the best ideas become reality? This includes milestones, dates, and durations.

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Innovation Management in 2023: Foresight & Business Design

Innov8rs

According to Tom, streamlining our portfolio is the first thing to do in 2023 to increase customer satisfaction and speed up the overall innovation process. “If If you cannot demonstrate that a project has the potential to win hearts, minds, and wallets, then park it or put it on a different path”.

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Recognizing the Building Blocks of Innovation

Paul Hobcraft

The tool and techniques that stand out for me, in their contribution, value and my use have been, in no specific order, cover the jobs-to-be-done , ten types of innovation, crossing the chasm , blue ocean, business model canvas and value proposition canvas, building core competencies , lean start-up, agile and design sprints.

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Digital Transformations Are Crucial to Optimizing Innovation Value

Planview

As technologies evolve and disruptions become an ever-growing presence of the business landscape, one of the best ways to improve the quick delivery of high-value innovations is by embracing digital transformation concepts in product development. This digital process showed which products were worth investing in and which should be shelved.