3 Strategies to Optimize Innovative Product Development

Entrepreneur - Innovation

By tweaking a few parts of their overall strategy, companies can optimize innovation and position themselves for market disruption. Innovation is crucial for any company to survive and grow in the near and long term. Innovation

Tips for Evaluating Your Company’s Product Development Performance

IdeaScale

Are you a leader in product development? Want to get your products on the market before those of your competitors? Product management requires effective delivery. Product development allows … Continued.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Inform Your Product Development with Innovation Roadmaps

IdeaScale

Product roadmaps are powerful tools to get the team organized and to get a new product launched. However, they can also be used for the conceptualization of the product itself. Innovation roadmaps use the product roadmap technique to drive innovation strategy, and they’re powerful tools regardless of your industry. A roadmap allows you to focus the momentum from early stages and drive it through to an actual product. What market does it serve?

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.

Rapid Experimentation at Every Stage of Product Development

Speaker: Tanya Koshy, VP of Product, UserTesting

Experimentation isn't something you do once you have designs or once you’ve built the product; it's important to validate early and often to better understand your customer, their needs, and the market opportunity. Join Tanya Koshy, VP of Product at UserTesting, as she explores how, by using customer feedback at every stage of the product development process, you can better and more quickly iterate on your product ideas. Ultimately, this rapid experimentation during development will enable you to deliver customer value faster.

Finding the Ideation and Product Development Balance

IdeaScale

At some point, you have to stop ideating and start putting those ideas into production. But for many businesses, finding the line between ideation and product development can be tricky. An idea sometimes needs more time to fully bake, and that may not be clear until you’ve tried it, or you might only start product development and get beaten to the punch. The post Finding the Ideation and Product Development Balance appeared first on IdeaScale.

Accelerate your new product development!

One2Team

According to a study conducted by Stage-Gate International, 82% of innovation ideas remain stuck in the development stage and 50% of new products launched on the market fail to reach their goals. With its 100% agile New Product Innovation (NPI) solution, One2Team helps you gain efficiency at every stage of the innovation, development and product launch process. stage gate process new product portfolio R&D digitization

Successful Product Development Campaigns Highlight the Power of Crowdsourcing

IdeaScale

Smart crowdsourcing yields successful product development. Product design teams can often feel they lack the most important voice in the process: The consumer. Fans can assemble Lego kits into new forms, design a pitch for the product, and take it to their fellow fans for consideration. Need a better product? Crowdsourcing is the smart way to be in close touch with your customers while developing new and brilliant ideas.

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. Using the Horizon Model enables businesses to make appropriate investments in the development of new ideas and cascade them from conceptual to practical products systematically while mitigating risks. Tips from top new product developers.

The Role of Innovation in New Product Development: Three Approaches for Success

Qmarkets

Innovation is essential throughout the entire new product development (NPD) process, but nowhere is it more key than it is in the Fuzzy Front End (FFE) stage. FFE is the starting point of NPD and is where new product ideas are generated before entering the formal development process.

Product development: From hypothesis to experiment

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. Formulating good hypotheses is essential for successful product development – as we have shown in the first part of our series.

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. It does not include product development.

BD Named 2015 Outstanding Corporate Innovator Winner by Product Development and Management Association

Innovation in Practice

The Product Development and Management Association (PDMA), the premier global advocate for product development and management professionals, announced today that it has awarded the 2015 Outstanding Corporate Innovator (OCI) Award to BD (Becton, Dickinson and Company) (NYSE: BDX). The OCI Award is the only innovation award which recognizes sustained (five or more years) and quantifiable business results from new products and services.

How Corporations Can Manage New Ventures and University Projects as Extensions of their Advanced Product Development

Corporate Innovation

While these models of advanced work led to so many innovations and created tremendous broad economic value, though not always to the lab’s corporate owner, it is clear that large scale, insulated corporate research is no longer the most common model for entering new markets or developing technologies of the future. In this case, we are not talking about acquisitions for market share, but instead for new markets or new technologies.

How Corporations Can Manage New Ventures and University Projects as Extensions of their Advanced Product Development

Corporate Innovation

While these models of advanced work led to so many innovations and created tremendous broad economic value, though not always to the lab’s corporate owner, it is clear that large scale, insulated corporate research is no longer the most common model for entering new markets or developing technologies of the future. In this case, we are not talking about acquisitions for market share, but instead for new markets or new technologies.

How Corporations Can Manage New Ventures and University Projects as Extensions of their Advanced Product Development

Corporate Innovation

While these models of advanced work led to so many innovations and created tremendous broad economic value, though not always to the lab’s corporate owner, it is clear that large scale, insulated corporate research is no longer the most common model for entering new markets or developing technologies of the future. In this case, we are not talking about acquisitions for market share, but instead for new markets or new technologies.

Digital Factory of the Incumbent: Software of the Mind

InnovationManagement

Enabling Factors In-Depth Article Innovation Psychology Life Cycle Processes Report Training & Education customer engagement digital innovation digital marketing Innovation Management innovation processes innovation psychology Innovation Strategy marketing Product Development retail shopping value value creationTechnological changes are one of the leading advocators to shape customer value.

ODI Practitioner Insights: An Interview with Marco de Polo from Roche Diabetes Care

InnovationManagement

Interview Life Cycle Processes catalyst customer journey customer targeting decision making jobs-to-be-done market growth outcome-driven innovation Product Development product pipelineIt is quite rare for a company to open up and offer a true and detailed insight into their unique practices and experiences on their path to becoming more customer-centric. However, Marco de Polo from Roche Diabetes Care does exactly this in this interview with Martin Pattera.

5 Tips to Create a Strong Product Vision

InnovationManagement

Every startup and growth-oriented business needs to focus on innovation in order to come up with compelling brand stories and messages, engaging products and services, and amazing marketing tactics that will put the company on the map and allow it to become an authority in its niche. The post 5 Tips to Create a Strong Product Vision appeared first on Innovation Management. Strategies Support for SMEs design thinking Product Development product vision vision board

Tips 78

Key for Innovation Implementation and Business Success is Communication

Idea to Value

Sure, having a brilliant idea for a new product or service coupled with the top talent and resources may give you a rocket-propelled push at the starting line for the innovation process. Ensure that your innovation efforts and initiatives are cross-referenced with your organization’s marketing efforts. Innovation innovation innovation book innovation books innovation in business innovation process innovation team new product development process organized work culture

Ten Questions to Answer Before Using Social Tools for Product Innovation

Innovation Excellence

Social media is incredibly effective for conveying marketing messages and for receiving rapid customer feedback. The effectiveness of social media for outbound marketing activities, i.e. getting the news out about new products offerings, and interacting with customers, is well known. But social media is also a tool for inbound marketing – for understanding the customer.

Collaboration increases market agility

Xinova

“The complexity of getting products to market and the speed of which they’re trying to get the products to market is decreased,” – Michael Keer (@PRG_Mkeer), CEO, Product Realization Group. Keer’s rationalization is that getting a product to market, particularly physical products, takes […]. Inventor Community agility collaboration expertise innovation IRI market product development product innovation

Agile 24

Leveraging Suppliers for Innovation

Innovation Excellence

We had an esteemed audience SVPs of marketing, procurement, sales, and a few VPs, too. Innovation market-besed procurement Product DevelopmentOne of the greatest thrills of a career is when you see a nice client thrive and prosper. Recently, I was flown to the West Coast with a client to co-present the findings of a few innovation projects. At the.

The 7 stages of NPD and how to effectively manage product innovation

Exago

The process of developing a new product - whether it is a tangible, physical good or intangible, like a service, experience or belief - requires a systematic method to launch and commercialise it. NPD typically comprises 7 stages, from the initial idea through to its introduction on the market, and can be aligned with good idea management practices. The post The 7 stages of NPD and how to effectively manage product innovation appeared first on Exago.

How to Develop Innovative Leaders

InnovationManagement

This is because rapidly changing technology is continually driving changes in markets and shifting trends in customer behavior and expectations. Strategies creative efficiency free time innovation intellectual growth leaders opportunities product development ripple effect risk self awareness shift thoughtfulnessThere is no arguing that in today’s marketplace companies must innovate to survive.

Innovation Sighting: Task Unification and GladWare Containers

Innovation Excellence

Case Study Consumer Innovation Customers Innovation Inspiration marketing consumer goods new product development NPDTask Unification is defined as: assigning an additional task to an existing resource. That resource should be in the immediate vicinity of the problem, or what we call 'The Closed World'. In essence, it’s taking something that is already around you and giving an additional job.

Collaboration increases market agility

Xinova

“The complexity of getting products to market and the speed of which they’re trying to get the products to market is decreased,” – Michael Keer (@PRG_Mkeer), CEO, Product Realization Group. Keer’s rationalization is that getting a product to market, particularly physical products, takes […]. Inventor Community agility collaboration expertise innovation IRI market product development product innovation

Agile 20

If you don’t know what to do, you may be on the right track!

Innovation Excellence

If you had a concept that would displace your most successful product? Build Capability collaboration Customers Innovation Management marketing People & Skills ideas innovation process new product development NPD PrototypeWhat would you do if.You had to push through your fear of being judged? If you had to break some rules to get an idea off the ground?

What Is Business Intelligence?

Collective Innovation

This can include information about the company internally, customer information, market information, sales velocity, competitive information and numerous other metrics. Business Intelligence turns your data into actionable information allowing you to make decisions that increase the likelihood of successful new products, sales programs and marketing efforts. This should include operational data, marketing information and sales revenue.

“Business-ready” Big Data Insights: a new approach to data analytics

Innovation Excellence

Continue reading → Innovation Processes & Tools Research Science Technology Video Big Data Data Analytics managing change Market Analysis marketing new product development NPD TrendsThis presentation from the Chief Innovation Officer Summit in NYC is focused on a new approach to data analytics that takes it out of the proverbial lab and makes it actionable for the boardroom.

Taking an Audience-Centric Approach During the Tech Adoption Lifecycle

InnovationManagement

Most marketing professionals understand that insight into the hearts and minds of your customers is central to successful product innovation. Who is going to buy my product first? Leadership Life Cycle Processes Strategies Best Practices customer engagement Failure product adoption bell curve Product Development Technology UX

Know What It Takes for New Product Success?

Innovation Excellence

While nothing in life, innovation, and marketing is guaranteed, we can know what our chances for success are for a new product or service. We can know what it takes to double your chances of success as compared to the average of 25% for all new products. Continue reading → Creativity Innovation Management marketing Merwyn Technology Merywn new product development R&D

Birth of a Product Company

Innovation Excellence

Which comes first, the birth of a product company or the birth of a business plan? Continue reading → Business Models Entrepreneurship Growth Strategy Uncategorized business development Business Planning Critical Questions Entrepreneurism Find Your Tribe Growth Funds Innovation pricing Product Company Product Development proof of concept Raising Capital Start-ups test marketing

Missing Your NPD Targets?

Innovation Excellence

Capacity planning is standard for manufacturing, but many companies don’t diligently capacity plan their new product development (NPD) pipeline, and some expect managers to just “figure it out”. Later, they wonder why their projects are consistently late or miss target market windows. Continue reading → Product Innovation Barbara Schick Lee Peterman new product development New Product Development Execution NPD NPDE Resource Allocation Resource Management

Consumer Driven Innovation

Innovation in Practice

Innovation is all about creating products and services that make your company more competitive in the marketplace. Marketers must develop a strategy to know where to focus their resources. Finally, they have to execute their plan by developing a coordinated set of marketing tactics including what products and services to offer, pricing, distribution approaches, and marketing communications.

Study 80

Embracing Quick Wins and Quick Losses

Innovation Excellence

When moving a new product or service through the development cycle, there are generally four outcomes a New Product Development (NPD) team can expect. It may seem counterintuitive, but one of the positive outcomes does not result in revenue – or even a product – and organizations must learn to embrace this notion. Two of these outcomes are especially good – although which ones they are might surprise you.

How AI Can Bring on a Second Industrial Revolution

InnovationManagement

Kelly explores three trends in AI we need to understand in order to embrace it and steer its development. The most popular AI product 20 years from now that everyone uses has not been invented yet," Kelly says. Videos artificial intelligence automation digital era disruptive innovation emerging markets emerging technologies entrepreneur Industry 4.0 inspiration IoT product development smart products technology

Co-creating for marketing success: Why customers are the new marketing agency

InnovationTraining.org

Launching a campaign to customers is nerve-wracking for even the most established marketing department. While Apple focussed on how the idea was executed, because Steve Jobs understood his customers, and knew that people buy the experience as much as the product. Rather than leaning on agencies for ideas and new ways of marketing devised through layered assumptions, clever theories and cliché discussions around “what millennials want”, lean on your customers instead.

How a (crowdsourced) idea becomes a product

Betterific

Sterilite launches crowdsourced product. Sterilite , the industry leading manufacturer of plastic storage containers, launched their first ever crowdsourced product idea to the marketplace. . Their “fresh scent” line of products includes a ventilating compartment to keep clothes smelling fresh during storage. It’s more of a marketing play. . New products come out a couple times a year and retailers are constantly looking to Sterilite for their next big thing.

Avoiding Analysis Paralysis: When to Make a Decision

New Markets Advisors

I recently spoke with the newly appointed Head of Product for the innovation lab at a large financial services company. Given that she had… Continue reading on New Markets Insights ». product-development business jobs-to-be-done innovation strategy

Why Target Marketing Won’t Cripple Your Branding Strategy

BrainZooming

A common fear about selecting a single target market or audience persona is that focusing on one market when making branding strategy decisions is risky. The fear is target marketing will cause a brand to miss stellar growth opportunities coming from other markets or audiences. Unless you pick a market or audience that is so narrow and a position so extreme that it is off-putting to everyone not targeted, however, it’s not likely to play out that way.

PBTO52: Good Marketing Opens Minds and Good Sales Closes Deals – Krishnan Chatterjee

Rmukesh Gupta

He is a musician and a marketer. He heads marketing for SAP Indian sub-continent. Became the Head of Marketing for a large IT Company-a journey in which he used his voice in keynote speeches and such like. He has great clarity in thought, thinks in frameworks and I have found to be to-the-point no-nonsense marketer. He also has great insights about the role of the marketing function and how it needs to evolve within a business. He is a musician and a marketer.

Accelerating Innovation with Rapid Learning Cycles

Innovation Excellence

As 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.). Build Capability Conferences Innovation People & Skills Processes & Tools Product Innovation Profiles of Innovators R&D Cars Honda lean Lean Product Development Motorcycles Yamaha