Paul Hobcraft

MAY 9, 2024

Collaboration, Idealization and the enabling of innovation I have have been looking back at innovation and how it has changed over the last twenty-five years. This is the second post looking more at collaboration and idealization and how and what has helped it evolve in this period.

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Leapfrogging

DECEMBER 10, 2024

Some of these challenges include: Aligning innovation with customer needs and market trends. Ensuring a timely and cost-effective product development life cycle. Coping with the rapid pace of technological change and its impact on product relevance. Balancing creativity with practical implementation and scalability.

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Leapfrogging

NOVEMBER 8, 2024

Check out our article on mixing business strategy with the innovation process. The Perks of Innovation in Your Game Plan Let’s face it: innovation is the secret sauce in any killer business strategy. Reward Innovation : Give a high-five (or something more) to those bringing new and exciting ideas to the table.

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Idea to Value

JANUARY 7, 2022

These companies might have an innovation team as part of each brand / business unit, responsible for researching and coming up with ideas and designs for new products. Here, innovation will be closely tied to “product development” resources. Positives: Every department can access innovation resources.

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IdeaScale

APRIL 14, 2021

Before being “open” as in open innovation, research is conducted internally within a company to privately create and manage inventions and new advancements before sharing them with the world. Social Innovation. It can also refer to innovations that have a social purpose, such as distance learning and online volunteering.

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Qmarkets

NOVEMBER 1, 2024

But what exactly does open innovation entail, and how can companies leverage it strategically? An open innovation strategy is about reaching beyond internal resources to collaborate with external sources—whether they’re customers, academic institutions, startups, or other firms—to discover, develop, and launch new ideas.

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IdeaScale

FEBRUARY 19, 2020

Check out our top innovation blogs from 2019 for tips on transforming your product, process, market, and more. Brainstorming is where innovation and product development strategy begin, but sometimes you need a little push to get started. Crowdsourcing is a great way to assemble data for product innovation.

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IdeaScale

OCTOBER 23, 2019

Because it invests customers in product development, it can also be useful from a marketing perspective or if you want to use crowdsourcing, but don’t want to deal with the downsides of the entire internet having a vote on your product. That can drive even closed innovation processes in powerful ways.

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IdeaScale

FEBRUARY 5, 2020

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. Your employees, however, are a different matter.

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Paul Hobcraft

MARCH 27, 2018

Innovation has gone from being islands of knowledge, developing new products and services exclusive to that one company, then quickly copied by the competitors, into something radically different. To achieve this innovation has gone digital, pure and simple. They are all becoming digital endeavors.

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Paul Hobcraft

APRIL 10, 2019

BCG also suggests that 30% of those surveyed believe AI will have the greatest impact of any innovation area on their industry over the next three to five years. Adapting a product to the need of one person’s preference has been pushing the final adaptation to that persons need up the chain in production.

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Idea to Value

OCTOBER 20, 2016

This process is critical to innovation in business success as mastery of the art of implementation is necessary to ensure that your innovation process and program clicks on all cylinders, all the time. number of ideas and the next steps to be taken), opportunities, milestones, and celebrations.

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Qmarkets

JANUARY 31, 2025

Conduct deep market research: Invest time in identifying specific pain points, from unmet needs to infrastructure gaps, that your product can solve. Empower local teams: Allow local teams to lead the innovation process. Innovation management software plays a vital role in achieving this.

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Planview

JULY 15, 2022

In this post, you will find questions and answers from an incredibly timely and informative webinar that provided crucial new product development best practices based on lessons learned from the pandemic. In his paper on Accelerating innovation, Dr. Cooper makes the case that “firms can respond quickly and pivot with innovations.”

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Innovation 360 Group

MAY 18, 2020

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. The fastest growing companies interpret innovation through multiple lenses.

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Paul Hobcraft

MAY 9, 2022

Innovation practices that are in step with the speed, uncertainty, and volatility of the new economy are still a promissory note, in this day and age. Few if any can point to systematic practices that realize corporate innovation in a reliable and continuous fashion. Innovation touches everything.

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Leapfrogging

APRIL 10, 2024

They bring stories of success and failure that can humanize the innovation process and make it more relatable. Their talks can be a catalyst for change, encouraging your team to pursue innovation with renewed vigor. By discussing the innovation process, they can: Ignite the spark of ideation and creativity within your team.

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Paul Hobcraft

MAY 3, 2023

The most significant activities for investing in innovation management software are presently for events, challenges and campaigns, idea assessments, especially at the early stage, and product development filters.

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IdeaScale

FEBRUARY 12, 2019

Queensland Police Service was recognized for Best Engagement Strategy, Covia won the award for Best Innovation Process, and the Transportation Research Board won for Best Innovation. Cross-functional collaboration online is far more efficient than manual, siloed idea generation. Queensland Police Service (QPS).

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Qmarkets

FEBRUARY 18, 2025

Product innovation helps businesses differentiate offerings and increase customer value. Process Innovation Process innovation focuses on streamlining workflows through automation, AI, and data analytics. Digital platforms make it easy to collect, evaluate, and refine ideas at scale.

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Leapfrogging

MARCH 19, 2024

However, with the advent of artificial intelligence in innovation management , these stages and gates are being reimagined. AI technologies offer unprecedented capabilities in data analysis, pattern recognition, and predictive modeling, which can significantly enhance the efficacy of the Stages and Gates process.

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Innov8rs

MARCH 10, 2025

By setting clear criteria at the outset, organizations can avoid misalignment and ensure sustainability is deeply embedded in their innovation processes. Business Model Development: “If sustainability isnt part of your business model, youre missing a massive opportunity.

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PlanBox Innovation

FEBRUARY 7, 2023

Collaboration and Engagement ChatGPT can help you foster collaboration and engagement among stakeholders by providing a platform for communication and feedback. Additionally, ChatGPT can help you manage and track progress on collaboration projects, ensuring that everyone is working towards the same goals.

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Qmarkets

SEPTEMBER 19, 2023

The days of boardrooms and R&D departments keeping innovation under lock and key are waning, as companies are increasingly preferring a more collaborative approach with startups and other external parties. Let’s talk about open innovation.

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Qmarkets

FEBRUARY 16, 2022

At the same time, new ideas are already being launched and following the new innovation process. Apply the Right Development Process This is an area where a dedicated innovation platform such as Qmarkets is most critical and effective. This process caters for the more experimental projects and services.

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Leapfrogging

MARCH 19, 2024

For a comprehensive understanding of how AI is reshaping this field, I recommend reading about innovation management powered by artificial intelligence. The Importance of AI in Today’s Product Development Artificial Intelligence has become an indispensable tool in modern product development.

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hackerearth

FEBRUARY 12, 2018

How innovation management enables digital transformation. According to a report by MWD Advisors and HYPE Innovation, innovation management practices and tools enable open, iterative, and collaborative change to support digital transformation. Conclusion.

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Qmarkets

JULY 19, 2024

Open innovation offers a compelling alternative by encouraging collaboration beyond the company’s own boundaries. This guide aims to provide a comprehensive understanding of open innovation. What is Open Innovation? What are the Benefits of Open Innovation?

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Qmarkets

SEPTEMBER 12, 2023

The days of boardrooms and R&D departments keeping innovation under lock and key are waning, as companies are increasingly preferring a more collaborative approach with startups and other external parties. Let’s talk about open-source innovation.

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Leapfrogging

FEBRUARY 9, 2024

Developing an innovation culture within leadership requires a strategic approach, including implementing leadership development strategies that embed innovation as a core competency. Inspire Collaboration : They foster a collaborative culture that encourages the sharing of diverse thoughts and perspectives.

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Leapfrogging

MARCH 4, 2024

Introduction to Design Thinking Design thinking has become a cornerstone methodology in the worlds of innovation, business strategy, and product development. This shift can dramatically accelerate product development cycles and lead to more refined and user-centric products.

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InnovationTraining.org

DECEMBER 12, 2022

How can design thinking help with product development? Builds collaboration and teamwork: Design thinking involves bringing together people from different disciplines and backgrounds to work on a problem together. This can foster collaboration and teamwork within the organization. What is the history of design thinking?

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Leapfrogging

FEBRUARY 28, 2024

Businesses that innovate can respond to shifts in consumer behavior, leverage emerging technologies, and enter new markets with agility. The integration of AI amplifies these capabilities by improving design thinking with AI , thus accelerating the innovation process.

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Qmarkets

JULY 11, 2024

Crowdsourcing has gained traction across various industries, as it opens up new avenues for problem-solving and innovation. Companies can crowdsource for a wide range of purposes, including product development, marketing campaigns, process improvements, customer engagement, and sustainability initiatives.

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Qmarkets

SEPTEMBER 23, 2024

In this article, we’ll explore several powerful innovation techniques—ranging from problem-solving frameworks and ideation methods to hackathons and structured innovation programs. These techniques offer a strategic pathway for enterprises to nurture creativity, boost collaboration, and drive meaningful change across the organization.

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Leapfrogging

FEBRUARY 28, 2024

This process is widely adopted by managers, executives, and consultants to drive new product development, service innovation, and business model refinement. At the core of design thinking lies a commitment to putting users’ experiences and feedback at the forefront of product and service design.

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Innov8rs

MARCH 27, 2023

This collaborative approach to innovation – also known as Open Innovation – can come in many shapes and sizes. From CVC funds to joint ventures and from M&A to free and paid pilots, anything is possible when large organizations seek to collaborate with startups. Joint Ventures (e.g.,

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