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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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Strategies for Making Knowledge Management Part of the Innovation Process

Sopheon

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

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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.

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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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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. The fastest growing companies interpret innovation through multiple lenses.

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Boosting Innovation: Harnessing AI for New Product & Service Development

Leapfrogging

For a comprehensive understanding of how AI is reshaping this field, I recommend reading about innovation management powered by artificial intelligence. The Importance of AI in Today’s Product Development Artificial Intelligence has become an indispensable tool in modern product development.

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Unleashing the Power of AI in Innovation Management

Leapfrogging

It consists of a series of phases (stages) where specific tasks are performed and milestones (gates) where decisions are made about whether to proceed to the next stage, halt, or redirect the project. However, with the advent of artificial intelligence in innovation management , these stages and gates are being reimagined.