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 Product Development Metrics That Motivate at the Team Level

Innovation Excellence

The two most common product development metrics are R&D spending as a percent of sales and revenues from new products over time. There’s no linear relationship between R&D spending and new product success. Innovation Management Processes & Tools Product Innovation R&D Product development Metrics

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A Collaborative Product Development Stage Gate

IdeaScale

You might be surprised to learn that silica sand is used in a wide variety of industries: everything from the oil & gas vertical to products in sports & recreation. So a company that provides silica and sand based products actually has a wide range of innovation opportunities as they build out their product portfolio. The post A Collaborative Product Development Stage Gate 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

Ten Questions to Answer Before Using Social Tools for Product Innovation

Innovation Excellence

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. collaboration Innovation Open Innovation Product Innovation R&D Social Innovation Social Media Product Development product innovation social innovation

Three Keys To Meeting The Challenge of Multi-Platform Product Development

Innovation Excellence

Each platform has its own development team, its own Program Manager and its own Project Manager. collaboration culture Customers Design Innovation Management Product Innovation R&D agile Cross Functional Alignment Cross Platforms Development TeamsScenario: A technology company is creating a consumer electronics solution that involves hardware, software and web components.

Innovation and Introduction to TRIZ Theory for New Product Development Process

Innovation Excellence

Continue reading → Build Capability Innovation Innovation Perspectives Processes & Tools Product Innovation Uncategorized Business Models Innovation Management Innovation Mindset innovative thinking Leadership new product development NPD TRIZThe TRIZ approach and best practices such as the Stage-Gate Process can greatly benefit each other.

Leading and Managing Product Innovation Teams [interview]

Innovation Excellence

What I didn’t expect was the reflective advice it would provide on leadership and management, Innovation Interviews Leadership Management Product Innovation R&D Conflict Management Innovation Management Innovation Teams Interview ip New Product Development (NPD) PodcastI enjoyed watching Pixar’s “A Bug’s Life” when it was released in 1998 and have more recently re-watched it with my kids.

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. Innovation Processes & Tools Product Innovation R&D Lean Product Development New Product Development (NPD) Product Development

Can We Have One of These? A Product Innovation Platform

Paul Hobcraft

Recently I was exploring the world of Product Lifecycle Management (PLM) and read an excellent Whitepaper from Aras Corp , one of the leading PLM solution providers. I have argued we do need to change the way we undertake innovation and its development. I am really frustrated by the legacy we have in our processes, systems and the ways we approach innovation, and its development lifecycle. A truly open innovation platform.

Improve Product Innovation with Internal and External Feedback

IdeaScale

Customers are integral to the product innovation process.?. Product innovation is all about new ideas from both your employees and your customers. Trying to develop a new product without input from your customers is akin to shooting arrows in the dark. All those factors figure prominently in determining why, when, and how to innovate. Why and How to Get Employees Involved in Product Innovation.

Forget products, innovate your business model

Jeffrey Phillips

Innovation and change destroy complacent, unchanging business structures and models. Product life cycles are collapsing - I was recently in a conference where a camera manufacturer estimated the average shelf life for a new camera was between 3 and 6 months, or less than half the product development cycle time! Instead they offer single solutions or products that are equal to or better than what the banks offer, in areas that are more profitable.

Four Ways to Innovate Right Now

InnovationManagement

The post Four Ways to Innovate Right Now appeared first on InnovationManagement. Strategies Business Model Innovation decision making long term innovation paradigm innovation position innovation process innovation product Product Development product innovation thought leadership value creationWhile the pandemic has been difficult for all us economically, as business owners, we never run out of opportunities.

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

Corporate Innovation

Professor Ikhlaq Sidhu and I recently started talking about how the interest of corporations in the innovations created by startups is leading to changes in corporate R&D models, an area he has been studying for some time. This is the first of what we hope to be a series on posts on how startup innovation is impacting corporate R&D models. The World of Innovation Has Changed. A great deal has changed in corporate innovation since the days of Bell Labs and Xerox PARC.

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

Corporate Innovation

Professor Ikhlaq Sidhu and I recently started talking about how the interest of corporations in the innovations created by startups is leading to changes in corporate R&D models, an area he has been studying for some time. This is the first of what we hope to be a series on posts on how startup innovation is impacting corporate R&D models. The World of Innovation Has Changed. A great deal has changed in corporate innovation since the days of Bell Labs and Xerox PARC.

Rebuild Personas According to Your Next Product Innovation

InnovationManagement

In this article, Product Innovation Manager Alex Igor Sanghikian discusses the Adjacent Possibilities framework for product management. By exclusively focusing on your persona’s one main need and trying hard to fulfill that need with your product, you can build the next feature with a more focused vision. Enabling Factors Strategies adjacent possibilities brainstorm design thinking hidden needs personas product development prototyping unmet needs voice of customer

Podcast S3E64: Jonathan Courtney – What it takes to build a successful digital product

Idea to Value

We speak about what it takes to run successful workshops, his experiences with companies who are failing at innovation, and how to successfully develop digital products. 00:03:30 – The tension behind building products for months and misalignment causing them to go nowhere. 00:12:00 – How digital product innovation has changed over the past 10 years. 00:16:30 – Innovation labs were a place where nothing got done.

Quality, Speed, and Cost: How to achieve all three in Innovation

Innovation Excellence

A long-standing belief across chemical and industrial product companies is that it’s not possible to rapidly produce low-cost, high-quality products. Many companies dedicate their best manufacturing equipment and people to quickly develop and launch a high-quality product, but these additional resources drive up costs unexpectedly. Innovation Product Innovation Strategy Industrial Products manufacturing new product development NPD Product Development quality

Innovation Roadmaps: What Are They Good For, Anyway?

Innovation Excellence

At the heart, product roadmaps show the major milestones of a project’s lifecycle. Maintaining Product Roadmaps is a useful discipline in just about any organization that has more than one product. But aside from capturing product timelines, what good are they? Innovation Management Product Innovation R&D Strategy Product Development Product Roadmap product strategy

Want to Create Products Customers Love? Integrate User Experience

Innovation Excellence

Chad McAllister interviews Larry Marine about about the critical steps for applying UX to product development. Larry is a User Experience expert that has helped many companies improve their products as well as design new products. Continue reading → Customers Innovation Product Innovation Cognitive Science new product development NPD PDMA Product Development user experience User Interface UX

Defining Portfolio Scope: Is it Necessary for Effective Portfolio Management?

Innovation Excellence

Many of our clients ask if they need to specifically define what projects, products or offerings should be included in their product portfolios and what should be left out. Innovation Management Product Innovation Strategy Decision Making new product development NPD Portfolio Management Portfolio Optimization Portfolio Pipeline Management Portfolio Prioritization Portfolio Review Portfolio scope Portfolio Views PPM PPM Tools Product Development

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

Corporate Innovation

Professor Ikhlaq Sidhu and I recently started talking about how the interest of corporations in the innovations created by startups is leading to changes in corporate R&D models, an area he has been studying for some time. This is the first of what we hope to be a series on posts on how startup innovation is impacting corporate R&D models. The World of Innovation Has Changed. A great deal has changed in corporate innovation since the days of Bell Labs and Xerox PARC.

What Types of Innovation Projects Should Be Included In Your Portfolio?

Innovation Excellence

Question: We’re a very large, well-known consumer products company, and our portfolio is actually quite complex, as we have many different types of initiatives included, all at vastly different stages. Consumer Innovation Innovation Product Innovation Strategy consumer products cpg Innovation Strategy new product development Portfolio Management Portfolio Optimization Portfolio scope Portfolio Views Product Development

Lifting the Lid on UDI’s Pandora’s Box

Innovation Excellence

Continue reading → Product Innovation Strategy manufacturing Medical Device Medical Device Innovation Medical Device PLM Medical Device Product Development Medical Device UDI Medical Device UDI Ruling packaging Product Development UDI UDI RulingWhile working to comply with the rule, manufacturers have realized that the problem to be solved is multi-faceted and interconnected.

For whom do you create new products?

Innovation Excellence

According to AcuPoll more than 95-percent of new products fail each year. This harrowing statistic should sound an alarm, one that says the way we approach the conceptualization and launch of new products does not work. Every year, billions of dollars shrivel down to zero. Careers and jobs lost. So much talent and energy gets.

Driving Business Impact from Retail Innovation Labs

Innovation Excellence

As retailers strive to reinvent their customer experience and drive loyalty, many are opening innovation labs or centers that are focused exclusively on digital efforts or product innovation. Innovation Product Innovation Strategy Product Development product innovation retail Retail Innovation Retailers

Measuring Innovation, Part 3/3: The Growth Innovation Index (GII)

Innovation Excellence

This article is the third and final in a series of 3 articles discussing measuring product innovation. Continue reading → Build Capability Competitions Disruption Innovation Product Innovation R&D Technology Innovation Management Innovation Metrics metrics New Product Development (NPD) Performance

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? Where are your advantages? Where is there parity?

Measuring Innovation, Part 2/3: The Criteria for a Good Innovation Index

Innovation Excellence

This article is the second in a series of three articles discussing measuring product innovation. Continue reading → Build Capability Competitions Disruption Innovation Product Innovation R&D Technology Innovation Management Innovation Metrics metrics new product development NPD Performance

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. Build Capability Business Models Innovation Processes & Tools Product Innovation Business Model Diagram new product development NPD Product Performance

Exploring The Future: When Robots Take Your Job

Innovation Excellence

Yes, a robot will most likely take your job - or at least change its current function dramatically - within the next two decades and experts seem to agree that the acceleration of this development will start around 2020. Disruption Innovation Jobs Product Innovation Technology Trends future jobs new product development NPD robotics Workforce

Developing a New Product? Ask, Observe and Experience

Innovation Excellence

When developing a new product, it's important to understand how it will be used. Consumer Innovation Creativity Product Innovation Design Thinking new product development NPDTherefore you should always ask, observe and experience yourself.

Using Games to Help Your Group Create Amazing Products

Innovation Excellence

Games can also be applied to innovation, which is the topic of the book “Innovation Games: Creating Breakthrough Products Through Collaborative Play.” Continue reading → Games Innovation Product Innovation Uncategorized games new product development problem solvingThe book was published in 2006 and the games have had a significant impact on numerous companies, non-profits, and government organizations since then.

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

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”. Continue reading → Product Innovation Barbara Schick Lee Peterman new product development New Product Development Execution NPD NPDE Resource Allocation Resource Management

Calling All Engineers: Beyond Form, Fit and Function for Formulated Products

Innovation Excellence

These rules help companies decide whether a product change should require a new item number or simply a revision of the same item number. But what about formulated products? Like most engineers, I learned about rules of interchangeability back in school. The standard “form, fit and function” (F/F/F) definition has served the needs of discrete manufacturers well for a long time.

Six Habits of Highly Innovative Retailers

Innovation Excellence

As retailers look to drive profitable growth through loyalty and differentiation, innovation usually plays a prominent role. Innovation can take many different forms, such as product, customer experience, business model, service and process innovation. However, becoming innovative is not easy. Innovative retailers are those that excel at solving high-priority problems for their target customer and help meet.

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

LEAN 62

Back to Basics: Elements in the Product Story

Innovation Excellence

Be clear with your product marketing! Be clear with your product marketing. The solution then is not your product or its technical. Innovation Product Innovation Benefits new product development NPD product Product Features value propositionMany companies and people confuse what they mean when discussing Value Propositions, Benefits, and Features.

The 7Ps of Successful Consumer Products

Innovation Excellence

Well-designed products make life easier by solving problems. Extraordinary products introduce new ways of doing things. To learn how to design great consumer products, I spoke with “Product Whisperer” Tracy Hazzard. Continue reading → Consumer Innovation Design Innovation Product Innovation consumer products Product Development Product Management

How to Avoid Design Transfer Failure

Innovation Excellence

Design transfer involves moving an approved design into production. For most product development initiatives, the process of design transfer is complex with many moving parts, involving partners that are geographically widespread. Innovation Product Innovation manufacturing Product Development

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? Continue reading → People & Skills Processes & Tools Product Innovation lean lean startup Product Development Product ManagementLean practitioners say you can, if you measure the right metrics, interpret them correctly, and focus on the problem and the uncertainties that arise.

LEAN 58

PBTO33: Creating Award Winning Products with Yogita Agarwal

Rmukesh Gupta

She runs a product design studio in Mumbai called Ware Innovations. . Why is she on the show: In her short career so far, she has already won multiple awards for multiple products. The Michael Kalil Endowment for Smart Design 2015 and The James Dyson Foundation Fund at Parsons 2015 for her product Jhoule. She was also the team that won the Wearables for Good Challenge by UNICEF, Arm Technology and frog design, for her product – Soapen.