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

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.

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.

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.

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.

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. I often get asked what activities a team should do in ideation to get better results and keep it fun.

Why the Test & Learn Approach Does Not Work

Innovation Excellence

The in-market test & learn approach to innovation is becoming increasingly common, because it meets the cultural needs of modern businesses to behave entrepreneurially. At The Strategy Distillery we believe (and have witnessed) this approach is life threatening to the future success of a newly launched product or service.

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?

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.

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 Plastics

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. Discovery used to be relatively easy.

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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

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.

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. 2 Super Smart Ways to Catalyze Innovative Success. Find New Resources to Innovate !

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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. Product Innovation : Creates a difference with an existing product line and existing market, usually through features.

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. In the previously published blog on this site, entitled “Top 8 Popular Myths about Innovators and Innovation—Debunked!

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 IJM would typically include: A flowchart or diagrammatic representation of the journey which the innovation takes.

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.

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. What if you could manage your innovation in the ways shown in this diagram? Innovation today requires, no demands more connectivity.

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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.

Innovation and N "X" D

RTI Innovation Advisors

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.

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. The innovation consultants’ dilemma.

Don't forget the steak: What Super Bowl ads forget

RTI Innovation Advisors

The rap battle was great, but the products they were featuring were barely acknowledged. It's as if we are supposed to buy the products because of the really interesting advertising, rather than the benefits they provide. What's this diatribe got to do with innovation? So I have to tread the razor's edge here when I say increasingly corporate innovation looks a lot like Super Bowl advertising. You can't wink wink nudge nudge innovation.

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.

The innovation value lies within the new system

Paul Hobcraft

As many of our business organizations seek to optimize their processes across the company, they are constantly reaching more outside to gain growing partnerships and greater innovation interactions. Building new innovative collaborations. The evolving innovation lab.

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What is process innovation and why it can transform your business

hackerearth

Continuous innovation is critical to achieving and maintaining a steady competitive advantage. There are three types of innovation: product innovation, process innovation, and business model innovation.A What does process innovation mean?

Typology for Innovative Organizations

Open Innovation EU

It enhances productivity. Ford embraced the idea that not tasks should be optimized, but processes should be optimized and automatized: organization design is the effective and efficient design of processes. A Typology for Innovative Organizations.

The problem of scaling can confuse those innovating.

Paul Hobcraft

The problem of scaling can confuse those innovating and can this be changed? You can follow their work over on innovation-3, where they help companies to set the Scaling-Up of a fully validated innovation concept up for success. The shedding of legacy can equally liberate innovation.

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What is process innovation and why it can transform your business

hackerearth

Continuous innovation is critical to achieving and maintaining a steady competitive advantage. There are three types of innovation: product innovation, process innovation, and business model innovation.A What does process innovation mean?

Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

“After a decade of flat productivity, the arrival of the Fourth Industrial Revolution (4IR) is expected to create up to $3.7 It is equally holding a new form of innovation back, one that is highly collaborative where partners come together to work on more complex problems.

The gulf between innovation goals and execution

RTI Innovation Advisors

Accenture has recently published an innovation survey of 500 executives in the US. I'm particularly partial to portions of this survey because the authors identify a real and growing problem - the gap between what executives want from innovation, and the organization's ability to deliver. By now everyone knows that innovation is a top three priority for executives. But saying that innovation is important doesn't mean it will get funded, get prioritized and get done.

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Technology Scouting Software for Open Innovation

eZassi

Consumer demands have never been higher, and large organization who don’t innovate will eventually die (think of Blockbuster or Xerox). Enterprises are increasingly turning to open innovation for their product development strategy. Open Innovation Technology

Dear Consultant, Do You Ever Wonder How?

Ideanote

Do you ponder over the question on how to ensure a culture of continuous innovation? And finally, how do you support continuous innovation after and in-between creative sessions and workshops? An innovation platform can help you achieve so much more than collecting ideas from people.

Does culture eat strategy for breakfast?

Innovation 360 Group

Innovations are infinite, even within a finite market. However, not all innovations start with the same chance at a fully productive lifecycle. This is confirmed by many innovator organizations I have encountered all over the world. appeared first on Home of Innovation.

Moving towards a new innovation service model

Paul Hobcraft

The realization that innovation goes way beyond product innovation is a massive hurdle for many of our existing organizations to overcome, certainly in what they are offering today as solutions. I would suggest on the very way we manage innovation.