Taking Final Ideas to Market is the Hardest Part

Paul Hobcraft

It seems so simple doesn’t it – “bringing final ideas to market”. Here in Europe, it is often suggested that “Europe is the cradle of creativity”, perhaps but I think the United States is “the crucible of innovation”, it forges ideas and takes them to market far better.

Seven Essentials of an Effective Innovation Project Manager

Gregg Fraley

Outsourcing innovation project management might be the most strategic money you spend this year. But first: If you’ve not got an innovation plan in the process of being executed, right now, you are treading water and will eventually drown. So what’s stopping you from kicking off an innovation initiative? What I hear from top management: “we don’t have the time or resources for innovation projects, we’ll start later this year.”

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The Secret to Managing Creative Projects (while looking for the next big hit)

Innovation Excellence

In any industry, innovation is essentially an arms race. The problem is, there’s a lot of time between the moment when you first envision a new concept and the moment when it actually hits your market. Apple Build Capability collaboration Creativity Feature Of The Week Innovation Processes & ToolsIf you’re not creating the next big thing, someone else is seizing the opportunity to define it.

Projects Are How Innovation Happens

Gregg Fraley

Projects, Projects, Projects. Innovation is complex and difficult — but one thing about it is not. What’s quite simple about innovation is that projects are what make innovation real. are Not Innovation. Unless they are in the context of an actual project. Thinking about things is not innovation. Having beers and kicking ideas around are not innovation. Brainstorming sessions are not innovation.

Measuring Innovation Performance

Measuring innovation performance Our innovation campaigns prove that there is a way to. measure innovation performance. Innovation-active ?rms Along with balancing the innovation. aside as innovation spend. to measure innovativeness, a task that was once considered next to impossible. For example, if an innovative process (say automation) can save time and money and. Innovation is di?cult to market. projects moving.

Building ROI and data into your innovation process

Innovation in Practice

Delivery via drones, real-time data insight into your operations, transformation of your business models— what will 2016 bring for your innovation practice? For innovators working within the confines of large enterprises, the possibilities for transformation, especially with mobile and digital products, are endless. It’s the execution and refinement of the initial idea that dooms the project. A Strategy Framework to Drive Innovation-- and ROI-- at Large Enterprises.

Moneyball for Innovation Part 2 (Innovation Process): A New Set of Metrics for Measuring Real Innovation

The Vault

In Part One , we recently talked about the need for an Innovation Measurement system and how it might be developed. Part Two outlines the Innovation Process part of the system, which describes the “necessary but not sufficient” things that you need to do in order to innovate. Innovation Measurement System: How to Track Innovation Process. Here are the seven key metrics that need to be tracked in the Innovation Process realms: A.

Hunting Innovation: Incorporating Tech Scouting & Corporate Venturing Into Your Internal Innovation Process

Qmarkets

There are many different types of innovation. Some are internal ( involving employees , incremental innovation , etc.), and some are external ( involving customers , open innovation , etc.). Another successful approach to generate and implement innovation is to search for ideas that are at a much later stage in their development – ideas which have evolved into technologies, products, strategies and even companies.

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Non-Profit Innovation: NCARB Brings New Product to Market

Moves the Needle

How The National Council of Architectural Registration Boards Used Lean Innovation to Create New Value for Their Customers Take this Case Study with you! The organization reached out to Moves the Needle to expose more of its staff and leadership to an efficient way to develop new ideas using Lean Innovation techniques , and also to identify whether the organization would support this new way of working. The teams were managed via spreadsheets, making the process fairly painful.

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The Innovation 'Function'

Imaginatik

Innovation” is often discussed in terms of the “idea” as the product and the formation of that idea as somehow unique and ineffable …. There is a perception of serendipitous, Zen enlightenment related to ideation that is often accompanied by a thorough dismissal of “process,” as if they are mutually exclusive. In that vision of the “innovation funnel” the idea is at the end… the goal. Neither process, nor technology alone holds the key to sustainable innovation success.

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.

The limitations, criticisms and new pathways for Design Thinking – Part One

Paul Hobcraft

So, the marketing of Design Thinking kicks in, looking to capitalize and add a real momentum. It quickly became simply sold as a process, just like Six Sigma, it became limited by those jumping on the latest concept not being true design thinkers, apart from attending a short course or two. It suddenly gets broken down so it can be repeatable, a step-by-step process. Then we get the “let’s systematize this” into a familiar , easy to use and follow process.

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. The fastest growing companies interpret innovation through multiple lenses. Horizon Two (H2) is your adjacent business arena where innovation is driven by new uses of existing technology and ideas. Thinking about how to invest in the different horizons is like investing in the stock market. Linking innovation horizons to time (e.g.,

Do You Know What Open Innovation Is?

IdeaScale

In case you hadn’t heard, open innovation was defined by Henry Chesbrough as “a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology.”. It means that the process of innovation and competitiveness has been democratized. No company can corner the market on great ideas, because they can come from anywhere.

Digital Technology MoshPit

Gregg Fraley

New Service Offering for Digital Technology Innovation. Discover Ideas for Long Term and Tactical Innovation Projects. Chicago, IL, August 1, 2018 — The MoshPit Innovation Service is an innovation project discovery service marketed by GFi (Gregg Fraley Innovation). It’s designed to uncover unlikely, but useful, combinations of technologies, products, services, trends, and insights that lead to breakthrough innovation.

The Innovation Imperative

Gregg Fraley

The Innovation Imperative… growing innovation culture and capacity. If you want an organization to survive, you must innovate. But innovation is more than survival, it’s the heart beat of an organization. Staying in business means reinventing as markets shift. In this inspirational speech Gregg Fraley answers the Why Innovation question, and informs as to what innovation means to you and your group.

Future-Proofing Financial Market Innovation – Fighting Digital Disruption with Digital Disruption

Qmarkets

These new technologies lead to innovations, often creating new markets and value markets that can impact the established leaders in the industry. Financial organizations of all shapes and sizes are being disrupted by small, agile, innovative and technology-oriented companies which offer convenient and efficient services. To counter the threat of disruption, financial organizations must innovate in order to stay ahead of the competition.

Transform Your Organization with Process Innovation

IdeaScale

Process innovation is perhaps the “classic” form of innovation. Finding a better way of accomplishing necessary business tasks is low-risk, can lead to other types of innovations, and helps companies maintain and sharpen their competitive edge. Processes must evolve with changes in markets and technologies. Process innovation ensures that it does so effectively. Ideally, process innovation should be built into the company DNA.

The Potential of Qualitative Research in B2B

Gregg Fraley

Qualitative Studies Leads to Insights, and Innovative Results. Qualitative research is an effective way to understand your market better. It’s an integral part of their innovation process. It’s the perfect start to an innovation process. They’re missing the boat — qualitative is arguably more effective in B2B markets. People ask “how can you infer what just a few people said to the broader market?”

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.

Innovation Training Under Utilized

Gregg Fraley

Training Accelerates Innovation. 94% of managers are unsatisfied with their companies innovation performance. 70% of CEO’s see innovation as a key driver of growth. Why then is corporate America so woefully undertrained in innovation fundamentals? Energy is Not Enough, Get Training in Innovation . When I step into a room to facilitate a strategy, innovation, or idea generation session I usually find a great deal of energy.

Entrepreneurship or intrapreneurship? What do you think?

The Future Shapers

The only thing that large companies don’t seem to be able to crack are the ideas that startup come up with and the initial market sensing. If you are looking for models on how to manage innovation, I would strongly recommend “ Zone to win “. Because I would maintain that innovation and/or intrapreneurship are crucial for your business survival. Hence “Transforming Legacy Organisations: Turn your Established Business into an Innovation Champion to Win the Future”.

Transformation and innovation: There is no quick fix: Part 2

The Future Shapers

Transformation B : As explained in Part 1: Transformation and innovation: There is no quick fix , there is no doubt that transformation A is difficult. Such as identifying constrained markets, identifying consumption barriers and consumption mapping. To what degree does it fit your capability set and market trends? . The innovator receives the punch when the plan that looked so good on paper ends up resting on shaky assumptions.

10 Elements of an Innovation Mandate

Gregg Fraley

Getting a Mandate to Innovate is Key. Larger companies typically have an innovation process in place. They don’t always work, but the majority of the Fortune 1000 has some kind of innovation process or system. There is an implied consent then, to innovate, at those organizations. At smaller companies, the Mis-Fortune 5000 as I sometimes jest, there is often not a process in place. Nearly any process is better than no process.

Evaluating Crowdsourcing – offering a bright future?

Paul Hobcraft

Crowdsourcing has been growing in interest for some time to change our thinking in innovation discovery. Crowdsourcing does have both the potential to point towards disrupting possibilities, extends the concept of open innovation into a wider source of participation from a diverse community not possible to reach by other means as effectively. All in all, if applied carefully it can provide you with a leading edge of innovation knowledge and insight.

Evaluating Crowdsourcing – offering a bright future?

Paul Hobcraft

Crowdsourcing has been growing in interest for some time to change our thinking in innovation discovery. Crowdsourcing does have both the potential to point towards disrupting possibilities, extends the concept of open innovation into a wider source of participation from a diverse community not possible to reach by other means as effectively. All in all, if applied carefully it can provide you a leading edge of innovation knowledge and insight.

35 Ways to Use Idea Management Software to Drive Business Results

The Future Shapers

Process improvement. Every organization has plenty of business processes. These processes were all created for a reason but very few of them are perfect. So, if you’re not sure where to start with idea management, asking your employees how they’d improve the current processes related to their own work is a brilliant way to do that. Just like processes, no product is ever perfect. Identifying new geographic markets to enter. Marketing is a very tough job.

Nine Questions CEO’s Should Ask About Innovation

Gregg Fraley

Nine Questions CEO’s Should Ask About Innovation. He’d asked me what I did and when I told him I was an innovation consultant, his eyebrows raised. I replied “you need to be thinking about project cycles and measures.” I added my punchline, “because if you’re not doing projects you’re not doing innovation.” My “projects” reply is a cocktail party answer. Are people empowered to innovate?

5 Simple Steps for Finding the Right Business Idea

The Future Shapers

Just like with any other project, getting started is usually the psychologically most demanding part of the journey, but sticking with the idea long enough to make it work is what really counts. In the last five years that we’ve ran Viima, we’ve helped a good number of organizations better manage their ideas and turn them into innovations, which has taught me quite a bit about working with ideas. On the other hand, “innovation software” is another story.

Recipe for innovation lab success, valid across the firm?

Innovation 360 Group

It turns out many of the findings are possible to adopt for innovation efforts across your company. In a recent article in HBR, Simone Bhan Ahuja summarizes his experiences with corporate innovation labs: [link]. First a short TLDR of Simones article: Up to 90% of innovation labs fail to deliver on their promise ( up to 90%, one expert says ). Pitfalls for innovation labs according to Simone: Lack of alignment with the business.

One Size Doesn’t Fit All Innovation

Integrative Innovation

Yesterday, I was quite delighted to see my post Integrating Lean Startup and Design Thinking ranked #11 of the Top 100 Innovation Posts 2014 at Innovation Excellence. My conclusion: many of us are aware that innovation tools, even up-to-date ones, have a limited scope and that they can benefit from being complemented with other approaches. In fact, the real power lies in combining different innovation approaches to fit a unique context.

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Learn from the Best: Google’s Nine Principles of Innovation (Part 1 of 2)

Robert Brands

Exploring Google’s Successful New Product Development and Innovation Process. Google is widely considered, by both the general public and business experts, to be one of the most innovative companies in the world. So how does Google promote a culture of innovation and ensure that innovative ideas are properly implemented, creating profitable new products that position the company for long-term success? Innovation comes from anywhere.

To Innovate: Learn, Scaffold, Ideate

Gregg Fraley

Innovation is Learning. For many years I kept the concepts of innovation and learning in separate boxes. I thought innovation was creating new things of value, and, learning was understanding new things. I now believe that learning and innovation are joined at the hip. You can’t innovate without an exploratory learning process. Domain Knowledge is an Innovation Pre-requisite. Knowledge Across Many Domains Is An Innovation Accelerator.

Are You Doing Agile Right?

Leapfrogging

What is the Agile Innovation Process, and what are best practices, tools and online templates for teams and organizations? This process can be transformative to businesses across various industries, especially in the realm of software development and manufacturing. Still, when it comes to truly tapping into the potential of the agile process, you must look to innovation teams for inspiration. What internal business processes do we need to implement a change?

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Pace of Innovation – The Ultimate Competitive Advantage

Idea to Value

You need the ability to adapt to change, and innovate, faster. Thus, for most businesses, the only truly lasting source of competitive advantage these days is the pace of innovation. You might then ask what that means in practice and how to accelerate your pace of innovation.

Different Ideas Emerge From Different Doing

Gregg Fraley

Innovation Programs Based On Best Practices are Doomed to Mediocrity. Things I’ve heard recently from c-suite executives about their own innovation programs: “Floundering and ineffective, if I’m honest.” ” These are the words I’ve heard innovation directors and c-suite executives use to describe their own innovation programs. This post is to make a simple point about innovation.

Mitigating risk with a balanced innovation portfolio

Innovation 360 Group

Assume that you have a number of projects that you want to execute, and you have a number of resources that can be used to execute them (resources such as innovation managers, or programmers). If the resources can be organized so all projects can be optimally executed without any interdependencies (i.e., the execution of one project does not affect any other project in any way), you can safely execute all the projects at the same time. Interdependency.

The Innovation Journey Map

Destination Innovation

The Innovation Journey Map (IJM) is a similar concept showing the journey that an innovation takes from initial conception through to final implementation. The purpose of the IJM is to realistically assess what is happening with innovative ideas within your organisation, to identify impediments and delays and to significantly improve the innovation process. Maybe take a major new product or service and also an important internal process or system innovation.

How to Achieve Repeatable Innovation: A Chat with Spotless

IdeaScale

Innovation is about teamwork at Spotless. asks Bridie Scott, Innovation Manager at Spotless. A repeatable innovation process is a key driver for its business. “I However, she explains, it’s all about the process. Spotless uses a detailed, repeatable process with innovation to identify ideas and guide corporate culture toward innovation. This, of course, is where the process starts. What did innovation mean for the company?

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Innovation fundamentals: using time effectively

Jeffrey Phillips

I've been writing an occasional series on some of the fundamental building blocks for innovation success - at least those that I think are critical, intangible and often overlooked. I've written previously about having a bias for innovation in your culture , seeking and finding important and unmet needs or opportunities , and introducing discovery and exploration in your innovation process. All are important to understand and all are critical to successful innovation.

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Leveraging the Benefits of Open Innovation

IdeaScale

Open innovation is innovation where companies or organizations reach out to other companies, individuals, and the general public to create innovative products and services. Some open innovation partnerships include colleges and universities. The internet has made this type of innovation far more feasible than it once was. Knowledge is widely distributed, and relying solely upon internal research can limit an organization’s innovative capacity.

Hans Christian Bjørkto

Innovation 360 Group

He is at present engaged as board representative, consultant or manager-for-hire in most aspects of business; like strategy development and implementation, innovation processes, process reengineering and project management, market research, marketing and communication issues, economy and finance, general management and HR. Innovation Management. Marketing Strategy and Management. Innovation Analysis. Project Management.