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. Nintendo works on the principle of “lateral thinking with withered technology.”

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. A 3 step process to speed up your time to market.

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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.

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.

Air, Water, Food

CorporateIntel

In product development, it might be an innovative, competitive technology solution that is worth marketing because it will surprise and delight customers. If you don’t have a product worth selling, you don’t have a business.

Digital Factory of the Incumbent: Software of the Mind

InnovationManagement

Technological changes are one of the leading advocators to shape customer value. They are characterized by a process of social technological variations, rooted in different disciplines e.g., economics, sociology, and psychology. The post Digital Factory of the Incumbent: Software of the Mind appeared first on Innovation Management.

Podcast S4E81: John Carter – Overcoming the hurdles of designing new technology

Idea to Value

We discuss how challenging it is to develop completely new technology, the difficulty in describing its value and marketing it, and getting buy in for innovation processes in your company. 00:04:00 – The challenges were not just technical, but in convincing marketing and distribution channels to create a new product category. 00:15:00 – How he helped develop the Apple new product development process.

“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.

Digital Transformation - an interview

Huub Rutten

Huub, you are right we digitize our products and processes since we use chips and sensors. We simply move on, inventing and using new technologies and platforms, we have to, we try to be competitive.”. Technology wise not new. If that is good for software development, fine.

Agile 52

Digital Transformation - an interview

Huub Rutten

Huub, you are right we digitize our products and processes since we use chips and sensors. We simply move on, inventing and using new technologies and platforms, we have to, we try to be competitive.”. Technology wise not new. If that is good for software development, fine.

Agile 52

Decision Making Attitudes

Huub Rutten

Mostly innovation decisions “seem” to be based a rational argumentation, supported by market analysis, business case calculations, strategic scorecards, technology feasibility studies, etc. They invent stuff and then they look if they can create a product or solution out of it.

Decision Making Attitudes

Huub Rutten

Mostly innovation decisions “seem” to be based a rational argumentation, supported by market analysis, business case calculations, strategic scorecards, technology feasibility studies, etc. They invent stuff and then they look if they can create a product or solution out of it.

The Word EPIC

Huub Rutten

In my daily practices of developing innovation management methods and software I cannot avoid the term anymore: nearly every development methodology or project management methodology uses EPICS as a kind of starting point for a development project. Product Development

Agile 52

The Word EPIC

Huub Rutten

In my daily practices of developing innovation management methods and software I cannot avoid the term anymore: nearly every development methodology or project management methodology uses EPICS as a kind of starting point for a development project. Product Development

Agile 52

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.

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

The CEO, innovation and cash gaps

Huub Rutten

His company develops, manufactures and sells discrete consumer products. Joe’s company is listed and he reports on a regular basis about the progress of the company to both the financial markets and his non-executive Board. Next: A Product Line Director with hands in the air.

The CEO, innovation and cash gaps

Huub Rutten

His company develops, manufactures and sells discrete consumer products. Joe’s company is listed and he reports on a regular basis about the progress of the company to both the financial markets and his non-executive Board. Next: A Product Line Director with hands in the air.

System Engineering in an Agile environment

Huub Rutten

Andrew is a senior Director System Engineering in a big manufacturing company: “You should understand Huub, Agile gives a lot of freedom to the development teams. System Engineering has an important role in any company that creates physical products, with or without Digitization.

System Engineering in an Agile environment

Huub Rutten

Andrew is a senior Director System Engineering in a big manufacturing company: “You should understand Huub, Agile gives a lot of freedom to the development teams. System Engineering has an important role in any company that creates physical products, with or without Digitization.

Build Your Career by Sharing a Crowdsourced Idea

IdeaScale

The power tools giant runs quick one-to-four week challenges to solicit ideas on how to improve their product lines. Most of the participants are engineers or product developers, but anyone can submit an idea. In fact, one of its most successful ideas came from Brian Stearns, a guy in marketing. People in the company always bring up my story to show that product ideas can come from anyone,” Stearns said. He was a brand marketing manager at TTi.

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

Product Management in the eye of the hurricane

Huub Rutten

Dear reader, some years ago I interviewed a product manager of a big company to find out how the role of product manager was defined and how it worked in the day to day practice. The company develops and produces complex instruments and equipment and is a world leader in its segment.

Product Management in the eye of the hurricane

Huub Rutten

Dear reader, some years ago I interviewed a product manager of a big company to find out how the role of product manager was defined and how it worked in the day to day practice. The company develops and produces complex instruments and equipment and is a world leader in its segment.

How AI Can Bring on a Second Industrial Revolution

InnovationManagement

"The actual path of a raindrop as it goes down the valley is unpredictable, but the general direction is inevitable," says digital visionary Kevin Kelly — and technology is much the same, driven by patterns that are surprising but inevitable. 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.

Bubble® PPM grows technology development capability

Bubblegroup

. Bubble ® PPM grows technology development capability . Richard Carter joins Bubble ® as Chief Technology Officer (CTO). . Bubble ® , a leading provider of cloud-based Project Portfolio Management Software, today announced that Richard Carter has joined the company as Chief Technology Officer (CTO). In his role Richard will be responsible for overall application development, technology development, and product delivery.

The 10 Reasons People Buy New Products

New Markets Advisors

a theory that describes how consumers buy products to solve various jobs they’re trying to get done in their lives. I advocate for developing a rich understanding of consumers that allows companies to build successful products and market them in the right way. Yet entrepreneurs, marketers, product managers, and other innovators often get lost in the complexity of their businesses and their new ideas. Why do people buy new products?

The Myth of the First-Mover Advantage: Why to be Smarter, Not Faster

New Markets Advisors

They want to fail quickly, pivot, and be first to market with their new idea. Since pioneering the app-based ride hailing market, Uber has been bombarded with other companies trying to offer similar services or address niche markets that are under-served by Uber. has struggled to gain even one-third of the market. Despite taking a wait-and-see approach, the iPod captured roughly 70% market share. Companies today worry too much about being fast.

Pharmaceutical: Accelerate Innovation With Software Technology

eZassi

Pharmaceutical Companies Accelerate Innovation with Software Technology. And then there’s Amazon… just last week, we learned Amazon is hiring a business lead to figure out how the company can break into the multibillion-dollar pharmacy market. Companies need to focus on what they can control and develop models and collaboration tools that allow them to pivot as the market changes. First, A Look at Deloitte’s US Life Sciences Outlook Report.

The Transformation of IP Technology

Anaqua

The accelerating pace of technological advancement is both unmistakable and inexorable today. All companies, high-tech or not, need to constantly innovate and push themselves in order to maintain a competitive advantage in an age where product features and capabilities are no longer enough to differentiate a company and create lasting value. New Technologies. Modern technologies increase our ability to easily develop and deploy new products and features.

3 Traps of common market research methods

Moves the Needle

Market research often falls short when it comes to innovation. Here’s why: Modern market research methods, like Lean Startup, do a great job of focusing on customer-centric discovery. In lean startup, before beginning to test solution ideas, one focuses on developing empathy through customer development interviews. In market research, this is often done through qualitative one-on-one interviews, observation, prototyping and other methods.

The death of the 20th Century corporation

Matthew Griffin

However, while many organisations know that the people who could help them create the next blockbuster or break the next market sit outside their walls they also knew that unless they could find and hire them then that IQ would remain tantalisingly out of reach. Today over 180 Unicorns, a Venture Capitalist term for a start up that reaches a billion dollar valuation within a few years of opening its doors have disrupted every industry and created new markets worth over $1.5

Five Ways to Fight the Inertia Holding Back Innovation

New Markets Advisors

They assume that the customers who are buying their products today will continue to buy from them as long as they do a reasonable job keeping up with the competition. As companies get complacent and settle for incremental innovations, they risk losing large swathes of their customers as markets shift and new entrants offer real value. They think that if they can get enough awareness about their products, they’ll be able to unseat the industry giants.

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

Robert Brands

3M Kind Removal Silicone Tape features advanced adhesive technology, combining reliable securement with clean, gentle removal – even on fragile, at-risk skin. An environmentally friendly alkali-aluminosilicate thin-sheet glass, Corning Gorilla Glass® helps protect the world’s latest devices from the many real-world events that commonly cause glass failure, enabling exciting new applications in technology and design. New Product Development Process.

The Banks Guide to scouting Fintech

Matthew Griffin

Their teams have pre-prepared briefs, mapped against Emerging Technology and Societal trends and they’ll scour social media, Private Equity firms, Venture Capitalist companies and regional Fintech Innovation Accelerator communities like Innovate Finance, Finextra, FinTech50, Startupbootcamp and TechStars to find their new match but it doesn’t stop there, they’re not averse to flying young Fintechs into the UK en masse to take part in speed dating events.

Have the Banks already been Disrupted?

Matthew Griffin

Over the past two weeks I’ve talked to a number of senior C level executives from some of the UK’s largest retail banks to understand more about their views of the world and their perception of the market and while outwardly little looks like its changing at the Big Five banks their executives are not sitting comfortably. Organisations need to review and adapt their technology, culture and business practises and become ‘Future Fit’.

What if it works?

Mike Shipulski

The process is repeated until a winning concept finds a previously unknown market segment and the money falls from the sky. 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. There are a number of models to increase the probability of success of new work.

LEAN 50

Banks: Too large to fail, easy to Disrupt

Matthew Griffin

Technology as a democratising force. Technology is having a democratising effect on Entrepreneurship – it’s lowered the bar to entry and it’s shifted the power away from the corporations and into the hands of the individual. Business Models Disruptive Innovation Entrepreneurship Innovation Product Developments Start Ups blockbusters business strategy cdo ceo cfo cio disruption disruptive innovation fintech First Mover Advantage Innovation Radar innovation strategy strategy

The rise and rise of Entrepreneurs

Matthew Griffin

Today technology and digital have lowered the bar to entry and the number of people around the world starting companies has risen ten fold to 100 million and the number of patent applications has risen six fold. Google’s new product initiatives though have helped it increase earnings by $6 billion over the past 5 years but during the same period small start ups have created new markets worth over $1.5 “When people come together with a common purpose anything is possible.

The secrets behind building a Unicorn

Matthew Griffin

The billion dollar startup was once the stuff of myth but now they’re everywhere, backed by a bull market and founded on new, disruptive digital technologies and business models which make their speed of operation, rate of innovation and reach that much greater. 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. Stage 2: Development.

How Apple created two giants

Matthew Griffin

About the Author: Recognised in 2013 and 2014 by the public as one of Europe’s leading Emerging Technology and Disruption Strategy advisers Matthew Griffin is an international speaker who works with global Accelerators, Analysts, Entrepreneurs, Investors, Governments and Fortune and FTSE multi nationals to help them reinvent themselves and adapt to new market conditions. __. Why be the assembler when you can be the Venture Capitalist behind the next big technology wave?