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The Essential 4-step Product Innovation Process [podcast]

Innovation Excellence

I love hearing how companies are creating successful products that provide customers value, which is the topic of this episode. Gordon Stannis, the Director of Design and Strategy at Twisthink shares their approach to developing innovative solutions for their Fortune 500 clients. Gordon started his work as an industrial designer and then moved into product. Case Study Design Digital Innovation Design Thinking innovation process Product Management product managers

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Improve Product Innovation with Internal and External Feedback

IdeaScale

Customers are integral to the product innovation process.?. Product innovation is all about new ideas from both your employees and your customers. Trying to develop a new product without input from your customers is akin to shooting arrows in the dark.

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Whitepaper: Stimulating and Measuring Open and Cross Innovation 

InnovationManagement

The post Whitepaper: Stimulating and Measuring Open and Cross Innovation appeared first on InnovationManagement.

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Four Ways to Innovate Right Now

InnovationManagement

The post Four Ways to Innovate Right Now appeared first on InnovationManagement. While the pandemic has been difficult for all us economically, as business owners, we never run out of opportunities.

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Measuring Innovation Performance

Measuring innovation performance Our innovation campaigns prove that there is a way to. measure innovation performance. Innovation-active ?rms tability and productivity, increased. Along with balancing the innovation. aside as innovation spend.

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Accelerate Growth Through Strategic Integration of Research During the Innovation Process

Innovation Excellence

They needed a new product, in a hurry. From concept to packaging, they needed it all: RTB, packaging design, product name, name and product fit with top benefits, and fully baked complete concepts to test against legacy products and competitive products. Stephanie began with crisis, a story about the kitty litter business. Competitive pressures were high. Market share was being lost.

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How To Create a Strategic Planning Process for Innovation

Innovation Excellence

Every innovative product begins as a concept in the mind of someone or some group of people. How do companies manage this asset, the portfolio of product concepts, even before they enter the pipeline? In our experience, product. Innovation Processes & Tools Product Innovation R&D Lean Product Development New Product Development (NPD) Product Development

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Toward a Better Definition of Innovation

Innovation Excellence

In innovation, the process equals New Value Creation. This process of creation is non-linear, even iterative, insights-based, and way-finding, a process of discovery, not optimization. Sometimes, it can be like playing the children’s game Chutes and Ladders.

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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

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Innovation Through Crowdsourcing and AI

Innovation Excellence

Build Capability Customers Disruption Innovation Processes & Tools Product Innovation Technology ai Artifical Intelligence Crowdsourcing data market research technologyIt takes a cross-sectional skill set to successfully implement good AI, and in order to do so, companies need to both understand their consumers’ motivations and capitalize on them using the right tools.

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Understanding the Trajectory of the Competitive Landscape

Innovation Excellence

Build Capability Innovation Processes & Tools Product Innovation Competitive Advantage new product development NPD patents pricingIf you want to gain ground on your competition you’ve first got to know where things stand. Where are their advantages? Where are your advantages? Where is there parity?

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29 Innovation Activities for Your Next Ideation

Innovation Excellence

While there's a limitless list of possibilities that need to be tailored to each innovation challenge, I do have some favorites. Consumer Innovation Creativity Feature Of The Week Innovation Processes & Tools Product Innovation Brainstorm collaboration competitive claims Corporate innovation empathy ice breakers ideation activities immersion Innovation Platforms Insights Team building

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Dismantle the Business Model

Innovation Excellence

When companies want to innovate, there are three things they can change – products, services, and business models. Products are usually the first, second and third priorities. Build Capability Business Models Innovation Processes & Tools Product Innovation Business Model Diagram new product development NPD Product Performance

Change 59
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Using Tech Scouting Software to Source and Manage Technologies [video]

Innovation Excellence

But, over time it has become harder and harder to find the next great innovation. It streamlines the process by addressing the hidden costs of modern innovation. Innovation Processes & Tools Product Innovation R&D Strategy Technology Video patents Software Tools Tech Commercialization Tech Scouting Technology Scouting technology transfer University ResearchDiscovery used to be relatively easy.

Video 54
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How Product Quality Transforms Your Ability to Innovate [Case Study]

Innovation Excellence

Too often, companies are sold on a target price for their product. Case Study Disruption Industry Innovation Processes & Tools Product Innovation Profiles of Innovators 3-D printing manufacturing PlasticsThey want to charge somewhere between what the market is willing to pay and what’s necessary to turn a profit — sometimes at four to five times the manufacturing cost.

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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

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Upgrade from a Pilot to a Prototype – Now!

Innovation Excellence

It is my strong belief that innovation success derives from prototype initiatives that are carefully planned, properly funded or staffed, and supported from beginning to end by senior executives seeking breakthrough bounties. Design Innovation Processes & Tools Product Innovation minimum viable product MVP pilot PrototypeIt could be about semantics. Or not. A pilot is not a prototype.

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Entrepreneurship or intrapreneurship? What do you think?

The Future Shapers

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”. The book also starts with the premise that innovation is much more difficult in established organisations than it is in startups.

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2 Super Smart Ways to Catalyze Innovative Success

BrainZooming

An article in The Wall Street Journal by Paul Ziobro shares an report on how toy manufacturers, including Mattel and Hasbro, are accelerating their new product innovation processes. These trends, as one industry insider put it, “burn really bright and really short,” necessitating abbreviating product development cycles from several years to months, or even weeks. Thus, the need to catalyze innovative success by streamlining the steps between ideas and implementation.

eBook 53
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Crowdsourcing Internal Innovation

Collective Innovation

Regardless of what kind of business you are in there are numerous different types of innovation that can give you a clear competitive advantage and make you more successful. The most common types of sustaining innovation are: Application Innovation : This is when you find a new use for an existing product, tapping into a new base of customers and potential. This includes customer service and sales innovations that affect the customer experience.

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Innovation Myths Debunked: Part II

Robert Brands

Top 8 Popular Myths about Innovators and Innovation – Debunked! Today’s business world is buzzing with talk about innovators and innovation. While it’s a good thing that innovation is on the forefront of people’s minds, popular thinking about innovation and the culture of innovation in business is often substantially misguided. Innovation is a matter of luck. are the only companies driving innovation in the world.

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Validate your idea or innovation, not yourself

Idea to Value

An important part of the innovation process is validating ideas. When done correctly, it is a powerful way of getting feedback from the market on what it would take to make the innovation a success. Innovation validation

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What to innovate now

Jeffrey Phillips

For years, actually almost two decades now, I've been working with corporations, government agencies and non-profits to help them generate new ideas and create new products and services. Today, experience innovation, process innovation and service innovation is as important as a new product.

Agile 217
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6 Building Blocks for Innovation Department Success

IdeaScale

Nearly 80 percent of executives surveyed by The Boston Consulting Group’s tenth global survey on innovation considered innovation to be either the most important priority at their company or in the top three. They’re already overloaded and adding “innovate” to their task load may not get a good reaction. However, there are ways to cultivate innovation success, and creating an innovation department is one of them. Define Roles and Processes.

Survey 165
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12 Types of Innovation You Should Know in 2021

IdeaScale

What are the different types of innovation? With so many types of innovation and even more definitions, it can be confusing to discuss innovation in your organization. Open Innovation. It is innovation by sharing both the risks and rewards of new research.

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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

We are facing greater disruption and an increasing innovation pace. The prospect of new innovation potential will eventually work through into the world of Industry 4.0 Innovation is ready for those accelerating and being fully committed to their 4IR journey.

Industry 225
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Rule Breaking Series #3: Pilot Test Your Innovations

Flying Fish Lab

What if you pilot test your innovations? But that’s not the path the innovation process should take. It makes sense to pilot test your innovations before making that final commitment or laying down that final chapter.

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Rule Breaking Series #3: Pilot Test Your Innovations

Flying Fish Lab

What if you pilot test your innovations? But that’s not the path the innovation process should take. It makes sense to pilot test your innovations before making that final commitment or laying down that final chapter.

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Ultra Innovation

Norbert Bol

In the December edition of Research Policy there is an interesting article by Tavassoli & Karlsson (2015) about the persistence of innovation. The persistence of innovation can be described as the phenomenon where past and current innovation are a good indicator for future innovation because there is the belief that the competitive advantage of firms are rooted in the the capability to innovate over longer periods of time.

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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.

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Message to the Board – We Need to Talk about Innovation

Destination Innovation

Innovation should be a regular topic item on the agenda of company board meetings. If you have not had a fundamental conversation about innovation with your key corporate stakeholders and senior executives then these are some of the questions and topics to discuss at the first such meeting. What role will innovation play in delivering on our strategy? Where do we need innovationproducts, services, processes, marketing, sectors etc?

Meeting 167
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Your Guide to Fueling Enterprise Innovation in the Transport Industry

Qmarkets

For vehicle manufacturers and service providers in the global transport industry right now, innovation isn’t so much optional as existentially vital. In this blog, we’ll explore some of these trends and make a case for an effective innovation management program to capitalize on them.

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Improvement vs Innovation: Which Is Better For your Business?

Qmarkets

How much time should you spend improving your existing processes as opposed to innovating new ones? There are two types of companies: those who innovate and those who improve. What is Innovation? Innovation is the process of taking an idea and developing it further.

LEAN 52
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New Year’s Resolution: Catch Up on These Must-Read Innovation Blogs from 2019

IdeaScale

Are you looking for ways to take your innovation strategy to the next level in 2020? Check out our top innovation blogs from 2019 for tips on transforming your product, process, market, and more. How Does Globalization Impact Innovation Strategy?

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Corporate identity influences sustainability and innovation

Norbert Bol

In the journal of Technological Forecasting & Social Change is an interesting article about the effects of corporate identity on innovation strategies and sustainability (Staub et al., Innovation in this article is classified as product innovation, process innovation, marketing innovation and organizational innovation. Product innovation is effected by only hard corporate identity.

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Shifting Radically the Innovation Business Model

Paul Hobcraft

Shifting Radically the Innovation Business Model. I have been spending some significant time on questioning the current innovation business model, from both the customers (clients) perspective and the innovation consultants’ one. Now we all know not all things are equal, many companies have invested significantly in improving their innovation capabilities. For me, the process and management of innovation really does need to be definitely questioned.

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70% of Business Transformation Fails. Learn 4 Reasons Why Corporate Innovators Fail to Cross the Chasm.

Business Innovation Design

Innovation is the main strength of 81% of market leaders that have transformed with digital. ( MIT Sloan Management Review and Deloitte ) But with 40% of business leaders fear of failing and reject disruptive innovation and business transformation (PA Consulting) combined with 57% of corporate innovators struggling to foster a culture of innovation (ONS), the odds are stacked against you. Execution gap: Lacking innovation execution of innovation.

Design 63
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Building the Single Innovation Digital Platform Environment

Paul Hobcraft

Throughout the past couple of years, I have been constantly arguing about the need to put innovation management on a digital platform. These have come in different thoughts on digital platforms, ready for cross-industry and having in place, a rapid digital innovation process that scales and evolves on new technology and insights. What if you could manage your innovation in the ways shown in this diagram? Innovation today requires, no demands more connectivity.

Report 153
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Your Guide to Fueling Enterprise Innovation in the Transport Industry

Qmarkets

In the global transport industry, innovation isn’t so much optional as existentially vital. Technology is central to these innovations and the pace and scale of change is only going to accelerate as we move through the 2020s.

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Innovation and N "X" D

Jeffrey Phillips

Henry Ford is perhaps one of the most well-known innovators in the US. After all, it was his mass production line that helped people make the shift from horses or high cost / low quality automobiles to a reliable, affordable car - the Model T. Ford perfected a process by which he determined the model, the shape, the size and especially the color of the automobile. Ford was a synthesizer and a manufacturing innovator. Instead of cars, they are working on innovations.

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Three vital factors for innovation success

Jeffrey Phillips

I've been thinking a lot about how innovation, both how it is done, and who does it, has changed. Going back into history, innovators were the rare people (Newton as an example) who had time and talent to innovate. In the recent past, innovation has been democratized.

Tools 139
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Improvement vs Innovation: Which Is Better For your Business?

Qmarkets

How much time should you spend improving your existing processes as opposed to innovating new ones? There are two types of companies: those who innovate and those who improve. Regardless of size or scale though, many businesses struggle to decide whether they should invest their resources in innovation or improvement. What is Innovation? Innovation is the process of taking an idea and developing it further.

LEAN 40
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Finding the best innovators

Jeffrey Phillips

I'm writing a series of blogs based on questions that I regularly receive about innovation. In my last post, I wrote about the staffing plan necessary to sustain growth and innovation , basing it in part on the Pareto rule. Just focusing on product innovation is too limited.

Survey 139