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You may know that in addition to my work on innovation and creativity , I work as a professional Project Manager. As I’ve just finished leading an 18-month project, I am reflecting on how project management and leading teams is changing as Artificial Intelligence becomes more common in the workplace.
This new management method makes it nearly impossible for innovation teams to fail at delivering multiple challenging innovation projects faster, with less risk and lower required budgets. Most innovation experts often say that traditional management processes are not the way to run innovation projects. This article will change that.
The image here is the list of exactly which capabilities your company needs to succeed at innovation. Almost every business leader will tell you that they value innovation and that it is a positive & important factor for their company. Now, I’m going to outline step by step what enables a company to deliver those ideas.
In innovation projects, we often hear about companies resisting a change to the status quo. As a result, many innovation projects fail at the final hurdle, when they are asked to actually implement the change they were designed for. In this case, the status quo being how things are currently done. Yes it is.
Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.
His work through The Ocean Cleanup project reflects the impact of fresh, bold thinking in tackling global environmental issues. By choosing examples that embody diverse backgrounds and industries, you can show your team that innovation can come from anywhere, and that anyone, regardless of their background, can be an agent of change.
White Space Innovation is a strategic framework used to identify and pursue growth opportunities beyond a companys current product lines, markets, or business models. Companies that embrace White Space Innovation aim to break out of stagnation, stay ahead of disruption, and create long-term competitive advantage.
Benchmarking is a strategic process that involves measuring an organizations performance, practices, or processes against industry leaders or top-performing companies. By evaluating how other high-performing organizations operate, benchmarking helps companies uncover new ideas, validate internal assumptions, and prioritize investments.
By intentionally diversifying innovation investments, companies can sustain day-to-day operations, capitalize on near-term opportunities, and simultaneously prepare for future shifts in market dynamics or technology. This structured approach helps companies avoid innovation imbalance.
Speaker: Cheryl Perkins, Founder and President, Innovationedge
Companies these days cannot afford to stand still! Cheryl Perkins, Founder and President of Innovationedge and a visionary business leader, will share best practices of companies who are defining and implementing new business models. These models are used to create new pathways to value and deliver growth in today’s business climate.
It helps companies plan for the future instead of reacting to disruption when it’s too late. The framework supports innovation projects by: Highlighting when incremental improvements will no longer yield competitive advantage. Heres a step-by-step guide to implementing it effectively in innovation projects.
Gap Analysis: A Practical Guide for Strategy Projects Gap Analysis is a structured framework used to evaluate the difference between an organizations current performance and its desired future state. This analysis is widely used across industries, from business operations and project management to human resources and product development.
Agile Innovation is a dynamic approach to project execution that breaks initiatives into small, manageable tasks, enabling organizations to rapidly adapt to market changes. Companies that fail to adapt risk becoming obsolete in an environment where customer preferences, market trends, and technological advancements shift rapidly.
It highlights the dynamics of industry change and offers a lens through which teams can identify transformational opportunities. Lead Successful Innovation Projects! Resistance from Internal Stakeholders Disruptive projects may threaten existing business lines. Lead Successful Innovation Projects!
Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.". But by then, it may be too late.
It is particularly useful in rapidly changing environments where flexibility and adaptability are critical. Business Model Canvas in Innovation In innovation projects, the Business Model Canvas serves as a foundation for building scalable and customer-focused solutions. Follow these steps to apply it to your innovation project.
Outcome Driven Innovation in Innovation In practical innovation projects, Outcome Driven Innovation serves as a strategic guide for aligning product development with real-world customer priorities. Consider a medical device company designing a new glucose monitor. Below is a step-by-step guide for using ODI in innovation projects.
In an environment where companies constantly seek innovation, launching new products or services without proper evaluation can lead to wasted time, effort, and financial loss. Gaining leadership approval and alignment with company objectives before moving forward. Lead Successful Change Management Projects!
Scenario Planning: A Practical Guide for Strategy Projects Scenario Planning is a strategic methodology that helps organizations anticipate and prepare for potential future uncertainties. A well-designed scenario planning process ensures that companies: Identify key uncertainties and their potential impacts. What is Scenario Planning?
Speaker: David Bard, Principal at VP Product Coaching
In the fast-paced world of digital innovation, success is often accompanied by a multitude of challenges - like the pitfalls lurking at every turn, threatening to derail the most promising projects. Gain inspiration from real-world success examples from top digital companies, offering invaluable insights into their winning strategies.
However, some companies and creative individuals have already come up with innovative solutions to the problem. This required the following companies to completely reinterpret what their companies were able to manufacture, and change this over at a rapid pace, requiring a huge deal of innovative thinking.
Experiment Canvas in Innovation The Experiment Canvas plays a critical role in real-world innovation projects by helping organizations move from assumptions to evidence. It is especially useful when launching new products, entering new markets, or making significant changes to business models. Lead Successful Innovation Projects!
Whether a company is developing emerging technologies, managing existing platforms, or phasing out legacy systems, this model serves as a vital roadmap for navigating the complexities of technological evolution. Scale Drive Market Adoption and Growth Once a technology gains traction, companies must expand market reach.
In todays competitive market, companies must ensure that they are investing in ideas that meet real customer needs and expectations. Lead Successful Change Management Projects! Lead Successful Change Management Projects! Marketing and product teams are aligned on the final positioning strategy.
Why do only a third of the organizations worldwide have formal innovation metrics in place despite accepting that innovation is critical to survival? Download this eBook to learn about the 5 basic principles that guide every successful innovation process.
A Customer Problem Statement is a clearly defined issue that a project or initiative aims to solve. Without a clear understanding of customer frustrations, companies risk developing products or services that fail to meet market demands. To craft a strong definition: State the problem from the customers perspective, not the companys.
McKinsey 7S Model: A Practical Guide for Strategy Projects The McKinsey 7S Model is a strategic framework developed by McKinsey & Company to help organizations assess and align their internal structure and processes for maximum effectiveness. Improve organizational flexibility and adaptability to change.
Ohmae’s 3Cs Model: A Practical Guide for Strategy Projects The 3Cs Model , developed by Kenichi Ohmae , is a strategic framework that helps businesses achieve a sustainable competitive advantage by focusing on three key stakeholders: Customer, Company, and Competitor. Create long-term value for both customers and the company.
Triple Bottom Line: A Practical Guide for Strategy Projects The Triple Bottom Line (TBL) is a strategic framework that expands the traditional measure of business success beyond financial performance. Planet (Environmental Sustainability) The organizations effect on natural resources and climate change.
In todays fast-paced business environment, organizations must continuously adapt and evolve to meet changing customer expectations and market dynamics. Lead Successful Change Management Projects! Lead Successful Change Management Projects! Conduct real-world user testing to gather immediate feedback.
Critical Success Factors: A Practical Guide for Strategy Projects Critical Success Factors (CSFs) are the key areas of performance that are essential for an organization to achieve its strategic objectives. Adapt to market changes while maintaining core competitive strengths. Lead Successful Strategy Projects!
Discovery Driven Planning: A Practical Guide for Strategy Projects Discovery-Driven Planning (DDP) is a strategic approach designed for uncertain, high-risk initiatives , where traditional planning methods may not be effective. Innovation-driven projects. Make data-driven decisions , rather than relying solely on projections.
First Mover Advantage: A Practical Guide for Strategy Projects First Mover Advantage (FMA) is a strategic concept where a company gains a competitive edge by being the first to enter a new market or introduce a groundbreaking product or service. Lead Successful Strategy Projects! What is the First Mover Advantage?
Why is it that some people and companies so quickly enhance their productivity and speed with new A.I. There are in fact 7 levels of increasing maturity for how individuals and companies use A.I. There are in fact 7 levels of increasing maturity for how individuals and companies use A.I. in their work. in their work.
Kotler’s Pricing Strategy: A Practical Guide for Strategy Projects Kotlers Pricing Strategy , developed by Philip Kotler , is a comprehensive framework that helps businesses determine the most effective pricing model to maximize revenue, market share, and competitive positioning. Providing flexibility in response to market changes.
Key Performance Indicators (KPIs): A Practical Guide for Strategy Projects Key Performance Indicators (KPIs) are quantifiable metrics that measure an organizations progress toward achieving strategic objectives. Lead Successful Strategy Projects! Consider: What are the companys top strategic priorities?
Competitive Landscape Analysis: A Practical Guide for Strategy Projects What is Competitive Landscape Analysis? Assess external risks and opportunities Recognize threats such as regulation changes or disruptive technologies. Without this structured approach, companies risk making reactive, rather than proactive, decisions.
Contingency Planning: A Practical Guide for Strategy Projects Contingency planning is the process of proactively preparing for potential risks, disruptions, or crises that could impact an organizations operations, strategy, or financial stability. Enable rapid adaptation to changing conditions. Lead Successful Strategy Projects!
McKinsey Seven Degrees of Freedom for Growth: A Practical Guide for Strategy Projects The Seven Degrees of Freedom for Growth is a strategic framework developed by McKinsey & Company to help organizations identify and prioritize growth opportunities. Creating New Products or Services Innovating to meet changing customer needs.
Objectives & Key Results (OKR): A Practical Guide for Strategy Projects Objectives & Key Results (OKR) is a goal-setting framework used by organizations to define clear objectives and track measurable results. Align teams with the companys strategic priorities. Lead Successful Strategy Projects!
Hambrick & Fredrickson’s Strategy Diamond: A Practical Guide for Strategy Projects Hambrick & Fredricksons Strategy Diamond is a comprehensive framework that helps organizations define and communicate their strategy clearly. Strengthens Competitive Differentiation Identifies what makes the company unique and defensible.
Five Forces Model: A Practical Guide for Strategy Projects The Five Forces Model , developed by Michael Porter , is a strategic framework that helps organizations analyze the competitive forces shaping an industry. Without this structured analysis, companies risk underestimating threats, overpricing products, or misallocating resources.
Strategy Uncertainty Map: A Practical Guide for Strategy Projects A Strategy Uncertainty Map is a structured framework used to assess and manage uncertainties that could impact an organizations strategic decisions. These may include: Market Uncertainty Changes in consumer demand, pricing pressures, and competitive shifts.
Purpose Statement: A Practical Guide for Strategy Projects A purpose statement is a clear and concise declaration that defines an organizations fundamental reason for existence beyond making a profit. It articulates the companys core motivation, impact, and contribution to society. behind the companys existence.
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