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Message to the Board – We Need to Talk about Innovation

Destination Innovation

How good are we at innovation today? What is impeding innovation in the business? What type of product innovation do we need? What resources are we going to allocate for innovation – budget and people? Are our innovation processes working? How much incremental and how much radical?

Meeting 207
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8 Types of Innovation in Business: A Comprehensive Guide

Qmarkets

Radical innovation is about making significant leaps forward, often creating new industries or reshaping existing ones. Disruptive innovation, a subset of radical innovation, specifically refers to the process by which smaller companies with fewer resources successfully challenge established incumbents.

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Intrapreneurs

eZassi

Nurturing an intrapreneur to come up with your next generation product involves creating an environment that encourages innovation, providing support and resources, and fostering a culture of entrepreneurship within your organization. Offer mentorship and guidance to help them navigate the process.

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The Innovation Journey Map

Destination Innovation

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

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What Did the Pandemic Teach Us About New Product Development?

Planview

The bulk of the webinar is based on a recent research paper— Accelerating innovation: some lessons from the pandemic —published by Dr. Robert Cooper in the Journal of Product Innovation Management. Addressing Agile-Stage-Gate PPM Implementation Challenges Resource Allocation, Capacity, Planning Best Practices.

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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. This is a fruitful way to identify innovation opportunities customers can’t clearly articulate. Find New Resources to Innovate !

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Finding the best innovators

Jeffrey Phillips

This is, of course, just a rule of thumb, and in reality a 20% resource investment in next and new products and services will seem rather large to most corporations. So, in a few years maybe a resource allocation of 90% core and 10% next and new won't look quite so strange. Just focusing on product innovation is too limited.