How to look beyond product innovation in medium enterprises

Exago

One of the most common myths when leading idea management in medium enterprises is that you should strongly focus efforts on product innovation, as the ultimate goal is to have the next big thing.

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. A truly open innovation platform.

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.

Exploring the Role of the C-Suite in Product Innovation

IdeaScale

One of the many problems with the “lone genius in the garage” view of innovation is that too often, the C-suite is stylized as the people who say “no” to a brilliant idea, only to regret it later. Innovation is really a team effort, and the c-suite is a valuable part of that team.

Data From 3.5 Million Employees Shows How Innovation Really Works

INNOVATION Data From 3.5 Million Employees Shows How Innovation Really Works by Dylan Minor, Paul Brook, and Josh Bernoff OCTOBER 09, 2017 UPDATED OCTOBER 09, 2017 JUAN DÍAZ-FAES FOR HBR Sales and marketing were once disciplines ruled by emotions. ectively engaged in innovation.

Five Product Innovations that Evolved Over Time

IdeaScale

The product innovations that generate the most excitement and public interest are the disruptive innovations. However, these innovations aren’t that common. To illustrate how this can happen, it’s helpful to look at innovations that evolved over time.

Product Innovation the Easy Way: 3 Real World Examples

IdeaScale

Innovation is often presented as a mighty struggle between a lone inventor and a seemingly intractable problem. While this does occasionally happen, more often than not any great innovation is the result of people drawing from those around them for ideas and inspiration.

Forget products, innovate your business model

RTI Innovation Advisors

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.

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) Podcast

Content Marketing for Product Innovators

Innovation Excellence

If you want to know how to leverage content marketing to position your product in your customer’s mind, a great person to ask is Jerod Morris, VP of Marketing at Rainmaker Digital. Continue reading → Innovation Product Innovation marketing content marketing Product Management

Why Product Innovation Starts with Materials

Innovation Excellence

Materials can elevate a product, to be sure, but using them incorrectly or ineffectively has the opposite effect. And because it's hard to know how a finished product will actually look and feel in the hands of consumers, it's easy to make mistakes in development. Innovation

The Essential 4-step Product Innovation Process [podcast]

Innovation Excellence

I love hearing how companies are creating successful products that provide customers value, which is the topic of this episode. Gordon Stannis, the Director of Design and Strategy at Twisthink shares their approach to developing innovative solutions for their Fortune 500 clients. Gordon started his work as an industrial designer and then moved into product. Case Study Design Digital Innovation Design Thinking innovation process Product Management product managers

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. Using personas in your design thinking framework is important, but are the results satisfying and clear?

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 Insights from the Founder of Sony

Destination Innovation

They founded Tokyo Telecommunications Engineering, Corporation and their first product was an automatic rice cooker which failed to sell well. At that time Japanese companies had a reputation for producing cheap, low-quality products which were often copies of Western merchandise.

Innovating Swim Flippers with Jobs to be Done

Innovation Excellence

Design Experience Innovation Innovation Product Innovation jobs-to-be-done product innovation“I want a pair of flippers for my birthday,” my 7-year-old announced today. “But, I am not actually into flippers.”

Want To Manage Innovation? Let the Creators Create!

Innovation Excellence

Innovative cross-functional teams in technology companies often depend on individuals with highly technical, specialized skills. collaboration Creativity Innovation Leadership Management Product Innovation R&D

Sleep Innovation: The New Rules

Innovation Excellence

Innovation Product Innovation new product launches NPD product positioning sleep categoryThe sleep category is growing rapidly. Sleep, or more pertinently, the lack thereof, is increasingly an issue for more and more people. Levels of anxiety, stress and insomnia are on the rise. Consumers are looking for solutions, and willing to spend money on them. 30% of the UK and US population report symptoms of.

Getting to the Root Cause of Project Headaches

Innovation Excellence

Scenario: a product development team at a medical device company had a testing phase that ran far longer than expected. collaboration Design Innovation Management Product Innovation R&D root cause analysis Root causes

13 Plastic Packaging Alternatives

Innovation Excellence

Innovation Product Innovation Science Sustainability #plastic #environment #sustainabilityWhy should brands care? Plastics is one of the biggest challenges the world is facing right now.

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.

Engaging Customers – How do you know who you really want to work with?

Innovation Excellence

Love your customers, and your customers will love you back I like to work with customers who are willing to do the personal and professional transformation to become innovative and agile. Customers Design Innovation marketing Product Innovation agile business innovation design

Design Innovation – The Fender Stratocaster

Innovation Excellence

Real world product and service design brings together form and function in ways that emphasise product/service features so that they convert to real and perceived customer benefits. Creativity Innovation Product Innovation Fender StratocasterThere is often a great deal of redundancy in the design process. For example, one of the key weaknesses of early electric guitars was the fact that the.

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

Innovation Excellence

collaboration culture Customers Design Innovation Management Product Innovation R&D agile Cross Functional Alignment Cross Platforms Development Teams

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.

Rituals – The Secret to Instant Innovation

Innovation Excellence

Consumer Innovation Creativity Innovation Product Innovation Strategy Consumer Insight innovation trends product innovation RitualsWhy does knocking on the table before eating a baby carrot make it taste better?

Study 55

Empowering Teams Through Metrics at Apple

Innovation Excellence

Apple is an iconic brand noted for disruptive innovation. In the heat of the digital revolution that it helped spark, Apple’s products became a portfolio of increasingly complex and diverse offerings. Apple Disruption Innovation Management Product Innovation R&D

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.

The Eco Lux Trend – Is Your Brand Missing Out?

Innovation Excellence

Innovation marketing Product Innovation Social Innovation Strategy Sustainability Trends product innovation social innovation sustainabilityLike it or lump it, the “eco” market is not going anywhere. 66% of global consumers say they are willing to pay more for sustainable brands (Bain & Company). Despite global economic instability, last year the luxury market grew by 5% to an estimated €1.2 trillion globally (Bain).

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.

How Does Amazon Do It? Five Critical Factors That Explain Amazon’s Incredible Success

Innovation Excellence

Nevertheless, this downtick should not distract from the reality that Amazon has emerged as the new model of innovation effectiveness. Business Models Creativity Data Growth Innovation Innovation Perspectives Innovation Teaching Story Leadership Product Innovation Technology Amazon business modelWith Amazon edging towards becoming the world’s first trillion-dollar company, fresh attention is being paid to the factors that could derail its growth.

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.

Amazing PLM Governance

Innovation Excellence

Governance Innovation Product Innovation Strategy Business Results Governance Models Governance Team Medical Device PLM PLM product innovation Product Lifecycle Management

3 Months in Virtual Reality, 6 Lessons Learned

Innovation Excellence

Change Cognition Consumer Innovation Creativity Disruption Entertainment Product Innovation Technology gaming Oculus product innovation technology Virtual_Reality vrSo now I finally have my own VR setup at home. I’ve spent many hours in VR. I visited the Himalaya.

50 Ways a Driverless Future Could Impact (almost) Everything

Innovation Excellence

Disruption Entrepreneurship marketing Open Innovation Product Innovation R&D Research Technology Automobile Industry driverless car Innovation MIT software technologyWhat could happen when cars and trucks drive themselves?

Analytics for Innovation: Why You Need to Read the External Signals

Innovation Excellence

At the recent IE Product Innovation Summit in Boston, we shared our firm’s learnings to date and showed how can works in a case study on Keurig.* How can you use big data to increase your chances of success at the fuzzy front-end through big data analytics?

Design Thinking Grows Up – Welcome to Experience Thinking

Innovation Excellence

Prologue Design Thinking is an incredibly powerful way to approach the design of just about anything that involves an interaction with people (or other intelligent creatures).

Increasing Innovation Capacity: A poet’s perspective on culture change

Innovation Excellence

Chad McAllister explores the connection between storytelling and innovation culture in an interivew/podcast. Continue reading → Culture & Values Innovation Product Innovation Innovation Culture Product Management product managers

Succeeding with Outsourcing? Time to Reinvest for Success!

Innovation Excellence

collaboration Customers Innovation Product Innovation Strategy Apparel footwear and apparel manufacturing outsourcing PLM product innovation Product Lifecycle Management retail Retail Footwear Apparel Retailers

8 Myths That Cost Innovation

Innovation Excellence

Here are eight innovation myths that are probably costing your organization “real” innovation. Innovation Innovation in your business product innovation The myths of innovation

How to Start Innovation with an Idea

Innovation Excellence

Innovation Inspiration Product Innovation R&D Front End Innovation Gijs Van Wulfen idea Idea Implementation ideas ideation innovation maze innovation method NPD NPD process startups

How To 104

Thought Commerce™ – 3 Ways to Recognize It; Why You Should Care

Innovation Excellence

Consumer Innovation Disruption Entrepreneurship Experience Innovation Innovation Innovation Perspectives Intellectual Property Product Innovation change management Ecommerce ideas thought commerce“Thought.” Thought is epically powerful and hugely important. Tony Robbins, Bob Proctor, and before them, Napoleon Hill – all motivational rock stars – consistently drill into their audiences that NOTHING becomes a reality until or after it’s first a thought.

How Do You Make It Difficult For The Competition To Copy?

Innovation Excellence

Businesses can get so wrapped up in all the excitement of an innovation idea they tend to give very little time to what the competition might do once the innovation has launched. Creativity Innovation marketing Product Innovation Strategy ideas innovative thinking