Lean Product Development Processes For Innovation And Speed

Innovation Excellence

Through our hands-on work with clients, we have developed a lean product development process. However, we have incorporated selected practices from the agile toolkit to enhance innovation and speed products to market. Innovation Management Product Innovation R&D Lean Product DevelopmentIt is a methodology that depicts key milestones, but supersedes specific engineering models such as waterfall or Agile.

Using Lean Innovation in the Product Development and Commercialization Process

Moves the Needle

In today’s fast-moving business landscape, the ability to commercialize products quickly and efficiently is imperative. Companies that successfully bring new products to market rapidly, benefit from having a leg up on their competition while diminishing the negative effects of shrinking product life cycles. However, moving a product from lab to market is a process that in itself could use re-invention. Lean Innovation doesn’t begin and end with product development.

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Idea Magnets and New Product Development from a New Tree

BrainZooming

What new product development strategy might an Idea Magnet employ to pursue a fresh path to new ideas? Realizing that product’s limitations, he started from scratch to design something completely new, yet familiar and functional. This is Turner’s personal perspective on his new product development strategy. Climbing Down and Finding a New, New Product Development Tree. Challenge every decision to ensure you aren’t leaning on the familiar.

Product development through hypotheses: formulating hypotheses

etventure

Product development is confronted with the constant challenge of supplying the customer with a product that exactly meets his needs. In our new blog series, etventure’s product managers provide an insight into their work and approach. The focus is on hypothesis-driven product development. Product teams can also be inspired by observations, personal opinions, previous experiences or the discovery of patterns and outliers in data.

Product development through hypotheses: formulating hypotheses

etventure

Product development is confronted with the constant challenge of supplying the customer with a product that exactly meets his needs. In our new blog series, etventure’s product managers provide an insight into their work and approach. The focus is on hypothesis-driven product development. Product teams can also be inspired by observations, personal opinions, previous experiences or the discovery of patterns and outliers in data.

Product development through hypotheses – start of the new blog series

etventure

Product development is confronted with the constant challenge of supplying the customer with a product that exactly meets his needs. In our new blog series, etventure’s product managers provide an insight into their work and approach. The focus is on hypothesis-driven product development – an approach that is oriented primarily towards the “Lean Startup” philosophy. What is the secret of successful product development?

Lean & Startup Patterns – Interview with Sam McAfee

Grasshopper Herder

I reached out to chat about his approach on Lean, startups and teamwork. Q: What are the differences between Agile Software Development and Lean Software Development? A: At the highest level, the difference between Agile and Lean software development is mainly […]. Lean Startup Teamwork & Leadership lean manufacturing lean product development lean startup

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Scaling Lean Product Management for Better Innovation

Innovation Excellence

Can you truly predict a customers’ reaction to a new innovative product and then scale the success of the product? Lean practitioners say you can, if you measure the right metrics, interpret them correctly, and focus on the problem and the uncertainties that arise. Continue reading → People & Skills Processes & Tools Product Innovation lean lean startup Product Development Product Management

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What is Lean Innovation? Components and Examples

Moves the Needle

Lean Innovation Definition At Moves The Needle, we define lean innovation as “reducing waste in the discovery, creation, and delivering of new value to customers." We base Lean Innovation principles upon the 3 E’s of Lean Innovation : Empathy, Experiments and Evidence. And in practice, we combine three important ideas: design thinking, Lean Startup, and agile methodology. In this way, lean innovation and design thinking go hand in hand. Lean Innovation

Intrapreneurship at Telefonica: Innovation Calls and Lean-Startup Development on the Menu

Innovation Excellence

Susana Jurado is Head of Innovation Portfolio-Product Innovation at Telefónica since 2015. She joined Telefonica in 1998, where she has worked for Telefónica Digital PDI’s (Product Development & Innovation), and in the Research & Innovation direction (Telefonica I+D which coordinates the global strategy of digtal innovation across the group). She has developed expertise in.

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Lean Startup: Why Every Corporate Innovation Team Should Consider It

Rocketspace

While Lean Startup methodology is employed most often by high-growth startups, the iterative “build-measure-learn" process that makes it so popular among tech entrepreneurs also makes it a great framework for corporate innovation teams to test concepts. If you work in a corporate environment and are seeking ways to improve revenues, the product development cycle, or the culture of innovation in your company, Lean Startup may be an effective way to reach your goals.

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Applying Lean Startup to Health Insurance

Collectivecamp

If any industry is in need of applying emergent strategy to its product development methods, it’s health insurance The health insurance industry is facing significant disruption on a number of fronts.

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Accelerating Innovation with Rapid Learning Cycles

Innovation Excellence

Build Capability Conferences Innovation People & Skills Processes & Tools Product Innovation Profiles of Innovators R&D Cars Honda lean Lean Product Development Motorcycles YamahaAs innovators, we all want to do three key things: Create something new, fantastic and disruptive; Bring it to the market fast enough to capture its value and grow our business; Do it again (and again, and again.).

The Right Way to Do Lean Research

Boxes and Arrows

Each panelist had made their mark on how design is done in start-ups: Laura wrote the influential O’Reilly book on UX for Lean Startups, and Todd penned the bestselling Rosenfeld Media Prototyping book. Mike founded an influential Lean UX community in San Francisco. . Although the conversation ranged widely, they kept coming back to research: the heart of the lean build-measure-learn cycle. Below is Laura Klein expounds on these key themes of lean research.

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Stop Believing your Publicity and Test it with a Minimum Viable Product

Innovation Excellence

Instead test your biggest and riskiest assumptions quickly with a Minimum Viable Product. Continue reading → Book Review Growth Innovation Strategy Customers Eric Ries growth lean startup minimum viable product MVP new product development NPDStop believing your own publicity.

The 9 biggest challenges for corporates to implement lean startup

Board of Innovation

This post is written for innovation managers & corporate lean startup coaches. Here are the 9 biggest challenges for corporates to implement lean startup and 23 great best practices to tackle them: CHAPTER 1: Organizations designed to maximize efficiency Product development/Engineers have no direct contact with clients. The post The 9 biggest challenges for corporates to implement lean startup appeared first on Board of Innovation.

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The Role of Lean Innovation in Mergers and Acquisitions

Moves the Needle

You can use Lean Innovation techniques -- Empathy, Experiments, and Evidence to ensure the driving force is sustained through the integration. Lean Innovation empathy work is a great way to understand the human side of acquisitions and again, this is from both sides of the table, acquirer and acquiree. Instead of dreaming big, for instance, that an acquiree's distribution channel will fit your existing product portfolio, you can test whether or not that’s true.

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Applying Lean Startup to Health Insurance | Collective Campus

Collectivecamp

If any industry is in need of applying emergent strategy to its product development methods, it’s health insurance The health insurance industry is facing significant disruption on a number of fronts.

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How Smart Product Managers Use a Business Case

Innovation Excellence

Properly used, a business case embodies the essential learning and planning derived from Lean, Design Thinking, and similar approaches to product development. It is not a documentation exercise, but a tool for collaborative learning and communicating the justification for a product concept. Continue reading → Innovation Product Innovation Training business case Product Development Product Management

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When Innovation is a Moving Target

Innovation Excellence

Continue reading → Build Capability Innovation People & Skills Processes & Tools Technology Uncategorized lean startup new product development NPD Product Performance technologyWhen I was growing up in the UK of the 1970s, there was a TV game show called The Golden Shot. The final part involved a member of the audience guiding a blindfolded cameraman to line the crossbow sights up to the bullseye. Left a bit, right a bit, up, down a bit – FIRE”.

Woulda-Coulda-Shoulda Innovation

Gregg Fraley

The top person chooses one or more of the pitched ideas to put into the product development pipeline for introduction. If you don’t have a pipeline, start one, and test the idea as cheaply as you can before you advance to the next stage of development (as in Lean Product Development ). Time to Plan for 2016 Innovation Now.

A Beginner’s Guide to MVP

etventure

In our beginner’s guide to MVPs our Head of Product, Gregor Ilg, explains what a minimum viable product is, how it is developed and how it can help companies to enhance innovation. MVP” is an acronym for “minimum viable product”. During the last couple of years the MVP has become the holy grail of agile product development – but there are still a variety of different interpretations about what “MVP” really means. Understanding MVP Development .

Who’s Really Sitting at the Top of Every Organizational Chart

CorporateIntel

It’s a wild, energetic, real-time experiment in organizational development that is already being praised and criticized from inside and outside the company. If you’ve spent any time with me in product development, you know I like to quote the sometimes overused phrase, “People in companies get stuff done in spite of org charts, not because of them.”

What if it works?

Mike Shipulski

The best known method is the Lean Startup method. The Lean Startup is also quite good when money’s tight. And then there’s the VC/Lean Startup combo. A set of high potential projects run in parallel, each using Lean’s build, show, refine method to learn at light speed. Constraints Innovation Technology Lessons Learned Product Development EngineWhen money is tight, it’s still important to do new work, but it’s doubly important not to waste it.

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The secrets behind building a Unicorn

Matthew Griffin

You’ve heard their names and you’re already using their products and in many cases they are now the new market leaders, the companies everyone wants to be or to beat. Development. Over the years I’ve found that there is a common misconception that creative types – innovators and inventors are born and that only a small subset of society are deemed capable of being able to conceive great new products but that’s myth. Stage 2: Development.

Here’s What Most People Get Wrong About Minimum Viable Products

Innovation Excellence

Ever since Eric Reis published his bestselling book, The Lean Startup, the idea of a minimum viable product (MVP) has captured the imagination of entrepreneurs and product developers everywhere. The idea of testing products faster and cheaper has an intuitive logic that simply can’t be denied.

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Innovations to be thankful for… & the importance of the NPD process

Robert Brands

POWERHOUSE Solar Shingle is a revolutionary new roofing product that combines the performance and protection of a conventional asphalt roof with an integrated photovoltaic solar system that powers the home. The Edison Awards honor excellence in new product and service development, marketing, human-centered design and innovation. New product Development (NDP) is cultivated in an environment where creativity combines with structure.

15 most important Innovation Theories your company should be using

Idea to Value

What it is: One of the most challenging aspects of innovation for most companies is not the generating of ideas, or the development of new innovations. Even if they have agreed on the importance of innovation and have set up teams or departments to develop new value-adding, innovative products and services, these products may end up never being launched because nobody in the existing business units will take responsibility and take the risk of launching them.

Innovation Myths Debunked: Part II

Robert Brands

An example of businesses in the retail industry who tried something new would be the subscription box-based model where subscribers pay in advance to receive curated boxes of products. While high-tech companies often develop many innovations, innovation is definitely not limited to technology-based companies. In some companies, top leadership delegates innovation responsibility to only their Engineering and Research and Development (“R&D”) departments.

A new competitive edge

The Future Shapers

Such as: that the success or failure of a product or company depends solely on the strategy used. Or that strategy development is a tedious process eating up countless hours. And, as with any ‘new product’ aimed at solving a problem, strategy can be thought of as a series of assumptions-to-be-tested. Other fields such as product development or new business development have long reaped the fruits of working iteratively.

On the 50th anniversary of the Moon landing, does your company have what it takes for a moonshot?

The Future Shapers

Energy-efficient home heating and cooling system: NASA engineers teamed up with the Department of Housing and Urban Development to repurpose energy-efficient heating and cooling system, originally used in the Apollo space capsule, for use in low-income housing projects. Hence, an innovation thesis is there to help the company take more deliberate investment decisions, both internally (own product development) and externally (investing in startups).

Start With Mindset

Leanstack

We’re already at the 10 year anniversary of the Lean Startup. Yes, it was a little over 10 years ago that Eric Ries started sharing a series of blog posts and giving talks on a new way of building products?—?ideas ideas that went on to spark the global Lean Startup movement. By now, “almost everybody building products” has at least heard the term and has been exposed to the big ideas. I’m always happy, for instance, to see Lean Canvas posters in conference rooms.

Incubation is the Hard Part Between Discovery and Success

The Inovo Group

The processes, methods and tools used for New Product Development (NPD) are insufficient for strategic innovation [1] and strategic innovation is necessary for the accelerated growth that companies demand. A comprehensive incubation framework can be based on two complementary approaches – Lean Startup and Effectuation – along with other components that fill out the incubation system architecture. Incubation isn’t even an issue – just develop it! Highlights.

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Strategy Sprints – A DIY Guide

Innovation Excellence

A software developer practicing "agile" thinks of it as a short, iterative cycle of work, often weeks or months, rather than seconds. An entrepreneur practicing "lean startup" methods thinks of it as minimally viable product development effort of a week or less. The word sprint means different things to different people. A runner thinks of it as a race, a mad dash of a few seconds.

Innovation Thesis

The Future Shapers

The innovation thesis needs to help take more deliberate investment decisions, both internally (own product development) and externally (investing in startups). Also, the thesis is going to be a decision companion across the entire product lifecycle while catering for the needs of every hierarchical level. As the product matures, the anti-thesis needs to stipulate the type technologies the company will not back. Idea Management Innovation Lean Methodology

An Answer to the Pains of Integrating Agile and UX

Boxes and Arrows

One of attendees during the Q&A essentially went on a rant about how “Agile is a developer process,” essentially suggesting that we UX folks know better and shouldn’t even be trying to make Agile work. He used the term “developer” as if it were an epithet, and unsurprisingly, a lot of the audience cheered him on. It turns out that Jeff Gothelf, author of Lean UX (the book I’m reviewing here) has also faced the same challenges. Lean UX has its own challenges.

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How to Avoid a Marketplace Flop

Econic

Since Gerber had already built such a strong brand with parents, they had a hunch that the best place to expand was by providing more products to parents. They invested millions of dollars into this product creating thousands of these jars, buying shelf space, and putting these into stores. It made sense to sell a new product to the market who was already buying their baby food. Because most people who try to create new products follow the same process that Gerber did.

The fallacy of "modern" management when it comes to innovation management

Moves the Needle

His very lean progressive assembly process was the result. Today, the cost and time it takes to build, launch, and deliver new products at scale is lower than ever. They have more companies to choose from, more models for each product, as well as vast quantities of information on quality, functionality, value, and so on. This process worked best with relatively simple products with few differentiating factors between models and well-understood market demand.

Startup Engagement in Corporate Innovation

Integrative Innovation

There are distinct differences by industry: Financial service corporates are leaning towards Corp-Up (63%), One-off events (56%) and CVC (38%), media players towards CVC (80%) and Corp-Up (60%), and telecoms towards Corp-Up (57%) and incubators/ accelerators (56%). Recently, Match-Maker Ventures and Arthur D.

3 Traps of common market research methods

Moves the Needle

Here’s why: Modern market research methods, like Lean Startup, do a great job of focusing on customer-centric discovery. It generates insights through empathy (one of the 3 E’s of Lean Innovation, see 5 Ways to Spark Innovation at Your Organization ). In lean startup, before beginning to test solution ideas, one focuses on developing empathy through customer development interviews. Conclusion Market research has an important role to play in product development.

5 Things to stop doing to enable enterprise innovation

Moves the Needle

*This post originally appeared on Mind the Product. With this in mind, if you’re a corporate executive or part of a product or innovation team, here are some key habits that you should stop doing if you want to innovate in the enterprise. Stop focusing on products and start focusing on problems Problems are goldmines. This often results in chasing has-been ideas and me-too features, producing cheaper products that eventually lose their value to customers.

Don’t Start With an MVP

Leanstack

Even though, his savings ran out 6 months ago, he has hit a comfortable groove using freelance consulting to keep his product development going. Maybe now he can get the support of his developer friends who failed to see his vision earlier? Steve learns about Minimum Viable Products Steve gets to the restaurant a few minutes before noon and grabs a quiet table in the back. Hire 3 developers. But for that I need more developers.

Why Build, Measure, Learn – isn’t just throwing things against the wall to see if they work – the Minimal Viable Product

Steve Blank

I am always surprised when critics complain that the Lean Startup’s Build, Measure, Learn approach is nothing more than “throwing incomplete products out of the building to see if they work.”. It’s time to update Build, Measure, Learn to what we now know is the best way to build Lean startups. Build a product, get it into the real world, measure customers’ reactions and behaviors, learn from this, and use what you’ve learned to build something better.

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