How to look beyond product innovation in medium enterprises

Exago

One of the most common myths when leading idea management in medium enterprises is that you should strongly focus efforts on product innovation, as the ultimate goal is to have the next big thing. The post How to look beyond product innovation in medium enterprises appeared first on Exago. Blog Insights initiative-success innovation management medium enterprises product innovation

Five Product Innovations that Evolved Over Time

IdeaScale

The product innovations that generate the most excitement and public interest are the disruptive innovations. However, these innovations aren’t that common. The most successful, innovative companies strike a balance between core, adjacent, and transformational initiatives. To illustrate how this can happen, it’s helpful to look at innovations that evolved over time. Some product innovations aren’t created by the company at all.

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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.

Leading and Managing Product Innovation Teams [interview]

Innovation Excellence

What I didn’t expect was the reflective advice it would provide on leadership and management, Innovation Interviews Leadership Management Product Innovation R&D Conflict Management Innovation Management Innovation Teams Interview ip New Product Development (NPD) PodcastI enjoyed watching Pixar’s “A Bug’s Life” when it was released in 1998 and have more recently re-watched it with my kids.

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.

The 7 stages of NPD and how to effectively manage product innovation

Exago

The process of developing a new product - whether it is a tangible, physical good or intangible, like a service, experience or belief - requires a systematic method to launch and commercialise it. NPD typically comprises 7 stages, from the initial idea through to its introduction on the market, and can be aligned with good idea management practices. The post The 7 stages of NPD and how to effectively manage product innovation appeared first on Exago.

ISPIM Grand Prize 2016 – Recognising Excellence in Innovation Management

Innovation Excellence

ISPIM Grand Prize 2016 is looking for cases that significantly advance the practice of innovation management in proven application, not theory. The advance should be in how innovation is managed, we are not seeking proposals that describe the actual end output, the what. Continue reading → Competitions Industry Innovation Leadership Management People & Skills Product Innovation Strategy culture future Innovation Management organization

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.

Rebuild Personas According to Your Next Product Innovation

InnovationManagement

In this article, Product Innovation Manager Alex Igor Sanghikian discusses the Adjacent Possibilities framework for product management. By exclusively focusing on your persona’s one main need and trying hard to fulfill that need with your product, you can build the next feature with a more focused vision. Using personas in your design thinking framework is important, but are the results satisfying and clear?

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.

How to Manage Early Stage Innovation

Innovation Excellence

Product concepts are the lifeblood of your company. Flowing through your company’s system, like blood through the veins of a human body, new product concepts are the future of your company’s health and the source of its growth. Unfortunately, many companies lack a strategic planning process for innovation, or they manage it poorly. Innovation Management Product Innovation R&D Product Portfolio Management product strategy Product vision

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.

Innovation Roadmaps: What Are They Good For, Anyway?

Innovation Excellence

At the heart, product roadmaps show the major milestones of a project’s lifecycle. Maintaining Product Roadmaps is a useful discipline in just about any organization that has more than one product. But aside from capturing product timelines, what good are they? Innovation Management Product Innovation R&D Strategy Product Development Product Roadmap product strategy

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.

Lean Product Development Processes For Innovation And Speed

Innovation Excellence

Through our hands-on work with clients, we have developed a lean product development process. However, we have incorporated selected practices from the agile toolkit to enhance innovation and speed products to market. Innovation Management Product Innovation R&D Lean Product DevelopmentIt is a methodology that depicts key milestones, but supersedes specific engineering models such as waterfall or Agile.

Using Product Development Metrics That Motivate at the Team Level

Innovation Excellence

The two most common product development metrics are R&D spending as a percent of sales and revenues from new products over time. There’s no linear relationship between R&D spending and new product success. Innovation Management Processes & Tools Product Innovation R&D Product development MetricsThese metrics, although necessary to track, do not predict a result.

Getting to the Root Cause of Project Headaches

Innovation Excellence

Scenario: a product development team at a medical device company had a testing phase that ran far longer than expected. collaboration Design Innovation Management Product Innovation R&D root cause analysis Root causesThis delay rippled throughout the project and had serious implications downstream. After the project was complete, the team leader wanted to go back and figure out why the test phase had not gone as planned.

Empowering Teams Through Metrics at Apple

Innovation Excellence

Apple is an iconic brand noted for disruptive innovation. In the heat of the digital revolution that it helped spark, Apple’s products became a portfolio of increasingly complex and diverse offerings. At a crucial point in its growth, the company had to reign in its exuberance and created a disciplined, cross-company product development process. Apple Disruption Innovation Management Product Innovation R&D

Three Keys To Meeting The Challenge of Multi-Platform Product Development

Innovation Excellence

Each platform has its own development team, its own Program Manager and its own Project Manager. collaboration culture Customers Design Innovation Management Product Innovation R&D agile Cross Functional Alignment Cross Platforms Development TeamsScenario: A technology company is creating a consumer electronics solution that involves hardware, software and web components.

Want Great Insight? Then Experience It!

Innovation Excellence

Consumer Innovation Experience Innovation Product Innovation #designthinking #innovation #innovator #leadership #culture #cultureofinnovation Breakthrough Ideas business transformation Consumer Behavior Consumer Insight Creativity culture experiences growth ideation impact Innovation Innovation Management Innovation Mindset Innovation Transformation insight Leadership Strategy

Separate Innovation from Entrepreneurship!

Innovation Excellence

The words innovation and entrepreneurship became synonymous in our language, and the place we see this the most is in universities and business schools. Why is being an innovator means I have to launch a startup company? Can’t I be an innovator in a mature company? But why are we linking these two words?

Marketing and Innovation are Inseparable

Innovation Excellence

So, how does your Marketing serve your innovation? Build Capability Consumer Innovation Innovation Leadership Management marketing Product Innovation R&D Sales Strategy Technology Creativity Customers Disruptive Innovation Innovation Management technologyDoes it define clearly and collaboratively? Does it integrate desirability, feasibility and viability in an optimal manner? Does it communicate with clarity and impact?

Does the new need to be new?

Innovation Excellence

Does every innovation need new technology, or a new manufacturing process, or a new patent? Apple Consumer Innovation Creativity Customers Innovation Management Open Innovation Product Innovation R&D Strategy Innovation Management ProcessDoes it need to be new for the sake of it? Not if you understand exactly what you have before you start, and how it can be exploited further to meet new demands in the marketplace.

Measuring Innovation, Part 3/3: The Growth Innovation Index (GII)

Innovation Excellence

This article is the third and final in a series of 3 articles discussing measuring product innovation. Continue reading → Build Capability Competitions Disruption Innovation Product Innovation R&D Technology Innovation Management Innovation Metrics metrics New Product Development (NPD) Performance

Measuring Innovation, Part 2/3: The Criteria for a Good Innovation Index

Innovation Excellence

This article is the second in a series of three articles discussing measuring product innovation. Continue reading → Build Capability Competitions Disruption Innovation Product Innovation R&D Technology Innovation Management Innovation Metrics metrics new product development NPD Performance

Should innovators trust their intuition more?

Innovation Excellence

A quick Google search churns up endless articles and blogs extolling the virtues of using instinct, intuition and gut feel for making better business decisions and being more innovative. Consumer Innovation Experience Innovation Innovation Product Innovation Disruptive Innovation ideas Innovation Management Innovation Mindset innovative thinking Insights

Small Business Revolution: Re-energize Brands and Market Research [podcast]

Innovation Excellence

Innovators and product managers need to think more strategically to expand their success – to become product masters. This is what executive teams want from their product managers, and this interview with my guest is a great case study for thinking strategically and reshaping an entire organization. What if you could create a new product.

What Innovation Is and Isn’t

Innovation Excellence

Are you confused about what innovation really is? So in an attempt to get a few things off my chest…… Continue reading → Creativity Innovation Intellectual Property Product Innovation Strategy Technology Innovation Management Innovation Mindset innovative thinking ManagementIf so, it’s probably not surprising.

Product Portfolio Management: How to avoid mistakes [podcast]

Innovation Excellence

The move from managing a single product to managing several products throughout their lifecycle is challenging to navigate. It involves moving from product management to product management + portfolio management. Innovation Processes & Tools Product Innovation Innovation Management Portfolio Management Product Management product managers

Innovation Decision Makers – the genius or the customer?

Innovation Excellence

He transformed his industry through innovation, making the right call at the right time for the right technology in the right product. Consumer Innovation culture Customers Governance Innovation Leadership Management Product Innovation Innovation Management InsightsSteve Jobs was a genius. Famously, he avoided asking customers what they wanted, because they wouldn’t understand it and it would waste time. Steve Jobs was rare.

Is Your Innovation Pipeline Full of Junk Food?

Innovation Excellence

Continue reading → Customers Growth Innovation Product Innovation Strategy Innovation Management Innovation Pipeline innovative thinking Insights Leadership Management marketing researchAre you using the right discovery tools and methods to uncover the insights you need to make “health food”? Make sure you are. Your customers will thank you. Especially if you happened to ignore their voice.

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Myth Busted: Does Creativity Need Resources?

Innovation Excellence

Continue reading → Build Capability Creativity Finance Innovation Innovation Perspectives People & Skills Product Innovation R&D Research Strategy Disruptive Innovation ideas Innovation Management

Chasms, Criteria… and Innovation

Innovation Excellence

It describes companies who can innovate in the current business at the same time as creating new business options for the future. Build Capability culture Disruption Finance Innovation Leadership Management Open Innovation Product Innovation R&D Strategy Business Models collaboration Disruptive Innovation growth Innovation Management organizationThe concept of the ambidextrous organization is gaining traction.

What Product Managers & Innovators Should Know About Agile Strategy [podcast]

Innovation Excellence

He is also the co-author of The Institute Way: Simplify Strategic Planning and Management with the Balanced Scorecard. Book Review Innovation Interviews Leadership People & Skills Processes & Tools Video Product Innovation agile Innovation Management Product Management product managersDan Montgomery is a practitioner of Strategic Agility and shares his simple and practical tools in this interview.

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Using Agile Product Portfolio Management

Innovation Excellence

Product managers and organizational leaders turn to portfolio management after they have two or more products to simultaneously manage. Traditional product portfolio management is the discipline and framework for applying your two most precious organizational resources—your people and your money—to get the greatest value out of your product investment.

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IP Protection Issues for Innovators & Product Managers

Innovation Excellence

Innovators and product managers need to know the basics of what IP is and when it should be considered in the development lifecycle. Thankfully, the basics are easily understood when explained by an expert teacher, and I found just such a person to talk with, patent attorney Dan Brean Continue reading → Innovation Intellectual Property Product Innovation innovation lifecycle Innovation Management Intellecutal Property patents Product Management

Defining Portfolio Scope: Is it Necessary for Effective Portfolio Management?

Innovation Excellence

Many of our clients ask if they need to specifically define what projects, products or offerings should be included in their product portfolios and what should be left out. Leading portfolio management practices advocate the need for defining portfolio inclusion criteria. Why is it necessary to define your portfolio’s scope? There are at least two.

Innovation and Intrepreneurship at SMEs: T3LGROUP France

Innovation Excellence

Nicolas Bry interviews Benjamin Ott, a young innovator working at T3LGroup, a French SME with a long tradition of developing new manufacturing processes, and product applications for office products, and shopfitting equipment. Innovation Management Processes & Tools Product Innovation Profiles of Innovators Benjamin Ott intrapreneurship manufacturing Open Innovation SME Start-up Startup T3LGroup

Innovation and Introduction to TRIZ Theory for New Product Development Process

Innovation Excellence

Continue reading → Build Capability Innovation Innovation Perspectives Processes & Tools Product Innovation Uncategorized Business Models Innovation Management Innovation Mindset innovative thinking Leadership new product development NPD TRIZThe TRIZ approach and best practices such as the Stage-Gate Process can greatly benefit each other.

Kärcher’s Process for Developing a New Product that Captured the Market

Innovation Excellence

Where does this product story start? The core product line was 15 years old and in need of innovation. Chad McAllister interviews Bill Ott, Executive Vice President of the product development organization at Kärcher. Innovation Innovation Teaching Story Product Innovation Innovation Management innovation process Product Management product managers

The Science of Success for Product Managers and Innovators [podcast]

Innovation Excellence

Book Review Build Capability Management People & Skills Processes & Tools Product Innovation Science Innovation Management Product Management product managers successIn his book, Barking Up the Wrong Tree, Eric reveals the science behind what actually determines success and—most important—how you can achieve it.

Innovate like a startup or like big business?

Innovation Excellence

Startups are king when it comes to innovation. Innovation Open Innovation Product Innovation collaboration Innovation Management Product Management StartupIndeed, established companies often strive to behave more like startups. But in reality, it is quite challenging. Startups, on the other hand, wish they had access to resources, particularly capital.