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Innovation Funnel Management System: The Secret Tool to Drive Innovative Product Development in Your Business

Leapfrogging

This is a process I’ve taught businesses to implement for more than 25 years, helping some of the world’s biggest businesses develop their innovation processes. The Innovation Funnel Management Process helps narrow down ideas from an innovation process or project into a realistic plan of action and next steps. .

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CPG Enterprise Growth Strategy Requires a Strong Innovation Process

Sopheon

CPG leaders require a strong innovation process to control and manage new product development more effectively. The post CPG Enterprise Growth Strategy Requires a Strong Innovation Process appeared first on Sopheon.

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Strategies for Making Knowledge Management Part of the Innovation Process

Sopheon

New product development isn’t just forward-looking. The post Strategies for Making Knowledge Management Part of the Innovation Process appeared first on Sopheon. It’s also important to utilize knowledge management from previous projects to make the best possible decisions.

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Successful Product Development Campaigns Highlight the Power of Crowdsourcing

IdeaScale

Smart crowdsourcing yields successful product development. Product design teams can often feel they lack the most important voice in the process: The consumer. Fortunately, crowdsourcing tools allow the innovation process to involve consumers every step of the way.

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The future of sustainable product development: Looking at innovation governance

Sopheon

With this backdrop, it’s fair to assert that companies, no matter their product offerings, must make sincere and significant efforts to ensure their innovation processes include sustainability. A sustainable governance framework includes rules for managing unexpected situations within your innovation process.

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What Did the Pandemic Teach Us About New Product Development?

Planview

In this post, you will find questions and answers from an incredibly timely and informative webinar that provided crucial new product development best practices based on lessons learned from the pandemic. In his paper on Accelerating innovation, Dr. Cooper makes the case that “firms can respond quickly and pivot with innovations.”

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Innovation on Steroids: Next Generation AI-Powered Phases and Gates

Leapfrogging

From its inception to the current state, the processes governing the development of new products and services have continuously evolved to incorporate new methodologies and technologies. Traditional Phases and Gates Processes Traditionally, the phases and gates model has been a cornerstone in structuring innovation management.