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. The post How to look beyond product innovation in medium enterprises appeared first on Exago. Blog Insights initiative-success innovation management medium enterprises product 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. The most successful, innovative companies strike a balance between core, adjacent, and transformational initiatives. To illustrate how this can happen, it’s helpful to look at innovations that evolved over time. Some product innovations aren’t created by the company at all.

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

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. Aras PLM Product Innovation Platform.

Digital transformation marks the demise of product innovation

Jeffrey Phillips

I'm going to stipulate that the business cycle and innovation are at a tipping point. For close to 20 years (dating approximately from when Jobs returned to Apple) we've been living in the product innovation era. Several converging forces There are several reasons why we'll see at least a slow decline in product innovation, if not a collapse. Innovation hasn't delivered on its promises in many cases. Most companies don't innovate entirely new products.

Measuring Innovation Performance

Measuring innovation performance Our innovation campaigns prove that there is a way to. measure innovation performance. Innovation-active ?rms tability and productivity, increased. Along with balancing the innovation. aside as innovation spend. From using the sales of new products as a percentage of the total sales or the number. to measure innovativeness, a task that was once considered next to impossible. Innovation is di?cult

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. Not to be overlooked, however, is the value of the input you receive from your employees regarding product innovation.

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

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. Here are a few examples of companies that set the “lone inventor on a hill” myth aside in favor of real innovation with the help of IdeaScale. The lone innovator can sometimes be useful.

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.

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 ManagementPreviously CopyBlogger, Rainmaker Digital is the most authoritative source I know for content marketing.

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.

Is Social Media Part of Your Product Innovation Strategy?

IdeaScale

Social media can connect you to innovators of all stripes. That creates a truly powerful resource of creativity on which to draw for your innovation strategy. Here’s how, and when, to use social media as part of your innovation strategy. If you do these things, these communities can be a powerful source of innovation. Want to learn more about social media and innovation strategy? The post Is Social Media Part of Your Product Innovation Strategy?

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. Here are some time-tested strategies for creating products that are better, not just different. Innovation

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. The post The 7 stages of NPD and how to effectively manage product innovation appeared first on Exago. Blog Insights business transformation collective intelligence idea management software innovation management innovation-journey innovation-priority new product development

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

How Different CPG Companies Are Leveraging Big Data & Analytics for Marketing and Product Innovation

Acuvate

How Different CPG Companies Are Leveraging Big Data & Analytics for Marketing and Product Innovation Compared to businesses in other industries, the ones in the Consumer Goods (CG) industry spend a colossal amount of money on marketing and advertising. The post How Different CPG Companies Are Leveraging Big Data & Analytics for Marketing and Product Innovation appeared first on Acuvate.

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

Why “Gretzky’s Rule” Represents the Past of Product Innovation

Innovation Leader

Most people operate markets where outcomes are unpredictable and new competitors can disrupt your entire business. Find out what on Ericsson exec had to say

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.

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.” ” This baffling statement came after a day at a friend’s backyard swimming pool where my daughter had her first-ever encounter with a pair of flippers.

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. Morita and his partner wanted to break away from this approach and offer high-quality innovative electronic goods. Morita came up with an innovative marketing idea. Insights for Innovators.

Video 168

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 75

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

How to Manage Early Stage Innovation

Innovation Excellence

Product concepts are the lifeblood of your company. Flowing through your company’s system, like blood through the veins of a human body, new product concepts are the future of your company’s health and the source of its growth. Unfortunately, many companies lack a strategic planning process for innovation, or they manage it poorly. Innovation Management Product Innovation R&D Product Portfolio Management product strategy Product vision

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).

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

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.

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.

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.

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.

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

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 MetricsThese metrics, although necessary to track, do not predict a result.

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. Thanks to David Attenborough’s Blue Planet, consumers are suddenly aware of the thousands of tonnes of plastic filling the ocean. As plastic is so prolifically used, especially in packaging, brands are going to need to act quick to.

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&DThey’re on the edge, extending their disciplines where they haven’t been before. Teams like this require upper management support that enables their success. It does not need micromanagement – or its opposite, chaotic management that is no better than neglect.

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.

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 causesThis delay rippled throughout the project and had serious implications downstream. After the project was complete, the team leader wanted to go back and figure out why the test phase had not gone as planned.

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 designIf I look at my customer set, they’re usually between 32 and 55 years old. They already have work experience, but they either want.

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.

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. I went to Pluto. I’ve had front row seats (and better) in concerts and I’ve been inside games like never before. But I’ve learned more.

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. At a crucial point in its growth, the company had to reign in its exuberance and created a disciplined, cross-company product development process. Apple Disruption Innovation Management Product Innovation R&D

Amazing PLM Governance

Innovation Excellence

Governance Innovation Product Innovation Strategy Business Results Governance Models Governance Team Medical Device PLM PLM product innovation Product Lifecycle ManagementIn this blog series, I provide insights as to why PLM has true potential to be so transformational for life sciences companies, but many aren’t getting there. We have come a long way – we have developed a defensible strategy, picked technology, and developed a change campaign.

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 TeamsScenario: A technology company is creating a consumer electronics solution that involves hardware, software and web components. Three separate teams, located in different parts of the company’s facility, create three platforms. Each platform has its own development team, its own Program Manager and its own Project Manager.

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 RetailersWith a hypersensitivity towards profit margins, too often companies justify outsourced manufacturing with lower costs and better-looking accounting numbers.