IdeaScale

APRIL 14, 2021

Open innovation is the concept that, in a world of mass-distributed knowledge, firms can and should partner with others to advance their goals. It is innovation by sharing both the risks and rewards of new research. Social Innovation. Process Innovation. It’s the most common form of innovation. .

Radical Innovation 264

Radical Innovation Open Innovation Innovation Social Innovation 264

IdeaScale

JANUARY 21, 2020

Managing the innovation process can help you improve customer experience with your brand.?. Delivering top customer experience is a main goal of companies across all industries. The solution is to combine customer data with product information to form innovative ideas. What Drives Customer Experience?

Idea Management 182

Idea Management Management Product Development Software 182

Idea to Value

JANUARY 7, 2022

It might seem like a straightforward question, but it is fundamental to whether a company will end up succeeding at innovation or failing. After all, if innovation is so important, should it not get its own department? Companies that survive do both. Here are a couple of options seen at various companies over time.

Underperforming Technical Team 302

Underperforming Technical Team Innovation Resources Project 302

BrainZooming

JUNE 20, 2019

Suppose you’ve been successful innovating. What new product development strategy might an Idea Magnet employ to pursue a fresh path to new ideas? That’s a question guitar innovator Rick Turner faced. Previously, Turner designed guitars for another company. Suddenly, you can start over in the same field.

Product Development 65

Product Development Design Strategy Strategy 65

Leapfrogging

NOVEMBER 8, 2024

Here’s where a sprinkle of innovation can turbocharge your growth: Product Development : Cook up new goods or give current ones a spiffy upgrade to match what folks want. Check the Score : Put systems in place to see how your innovative ventures are paying off.

Strategy 113

Strategy Strategy Innovation Artificial Inteligence 113

Leapfrogging

MARCH 19, 2024

From its inception to the current state, the processes governing the development of new products and services have continuously evolved to incorporate new methodologies and technologies. Traditional Phases and Gates Processes Traditionally, the phases and gates model has been a cornerstone in structuring innovation management.

Generative AI 113

Generative AI Artificial Inteligence Technical Review Product Development 113

Qmarkets

NOVEMBER 1, 2024

With digital disruption accelerating across industries, traditional, closed approaches to innovation no longer suffice for most companies. In fact, research shows that companies practicing open innovation achieve faster time-to-market and often realize higher revenue from new products.

Open Innovation 52

Open Innovation Software Innovation Management Strategy 52

Idea to Value

OCTOBER 8, 2020

We discuss how challenging it is to develop completely new technology, the difficulty in describing its value and marketing it, and getting buy in for innovation processes in your company. 00:08:00 – Innovation is not a team sport, it is usually done by one or two people.

Technology 147

Technology Design Product Development Leadership 147

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.

Brainstorming 173

Brainstorming Crowdsourcing Conference Product Development 173

Jeffrey Phillips

JULY 21, 2021

Note that this is NOT a bad question to ask, because investors are constantly watching the effectiveness of the management team and want to see companies hitting their numbers. Perhaps the question we should be asking is: what is the cost of delaying innovation? What do companies that fail to invest in innovation miss?

Underperforming Technical Team 135

Underperforming Technical Team Innovation Product Development Marketing 135

Sopheon

NOVEMBER 11, 2022

McKinsey also notes that an unprecedented amount of capital will transfer to projects, products, and companies committed to net zero efforts. He noted three imperative action items companies should implement: Drive your product portfolio toward increased sustainability. My Sopheon colleague, H.C. But how can you do that?

Product Development 52

Product Development Innovation Processes Conference Innovation 52

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.”

Product Development 52

Product Development Agile LEAN Survey 52

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. Keep employees in the loop with constant communication.

Culture of Innovation 100

Culture of Innovation Product Development Innovation Processes Culture 100

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.

Product Development 52

Product Development How To Ideation Project 52

Jeffrey Phillips

FEBRUARY 4, 2020

I've written previously about having a bias for innovation in your culture , seeking and finding important and unmet needs or opportunities , and introducing discovery and exploration in your innovation process. Agile, lean and rapid methodologies meant to accelerate the innovation cycle?

LEAN 155

LEAN Agile Innovation Project 155

Qmarkets

JANUARY 31, 2025

Reverse innovation is more than a strategy for entering new marketsits a way to rethink how businesses approach problem-solving. By developing solutions tailored to resource-limited environments, companies can uncover cost-effective and efficient innovations that can later be adapted for high-margin markets.

Innovation 52

Innovation Agile Software Resources 52

hackerearth

MARCH 5, 2018

The most common aspect of some of the innovative companies is that they are also high-performing organizations. While each of these organizations has its own distinctive path to innovation and success, there are some common threads that connect them. Innovation is a part of their organizational culture.

Company 77

Company LEAN Underperforming Technical Team Innovation 77

InnovationManagement

MAY 7, 2020

Having a process for the front end of innovation is necessary but not sufficient. In this article, we'll look at how these aspects tie together, and how your company can support your full innovation lifecycle. It also requires proper levels of funding, and a governance structure to support it.

Innovation Processes 76

Innovation Processes Innovation Company Product Development 76

Paul Hobcraft

MARCH 27, 2018

Many companies are still in denial or not wanting to address the significant legacy and change required. 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.

Innovation 185

Innovation Radical Innovation Big Data Design 185

Jeffrey Phillips

MARCH 15, 2016

The guy who stole a march on Ford, and really defined the automobile company structure that we have today was William Durant. Durant foresaw that people would want a range of products and options. He created what became General Motors by offering people more choice of options, more flexibility and product families.

Underperforming Technical Team 100

Underperforming Technical Team Product Development Innovation Product Innovation 100

Paul Hobcraft

APRIL 10, 2019

BCG suggests that nine out of ten companies in their recent survey for the report “The Most Innovative Companies 2019” are investing in AI. 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.

Survey 186

Survey Software Industry Design 186

Jeffrey Phillips

AUGUST 2, 2019

I've been struck by the importance of two rapidly converging forces - digital transformation and new product innovation. As we've discussed, here and elsewhere, ad nauseam, there is increasing demand for new products and services, making stretching the capacity of tenuous innovation processes and teams.

Data 142

Data Innovation Product Development Examples 142

Innov8rs

MARCH 10, 2025

How can innovation be effectively connected with the Sustainable Development Goals (SDGs) in a structured and measurable way? Stage 1: Implementing a Unified Project Management Approach Standardizing project management practices across the company ensures that everyone speaks the same language.

Underperforming Technical Team 52

Underperforming Technical Team Innovation Data Project 52

Jeffrey Phillips

JANUARY 11, 2021

For example, one of the biggest idea killers is the inability for many companies to take really good ideas and get them prioritized in the existing product development process. With those basics in mind, you can do a lot of good innovation. And, the work isn't free and requires air cover.

Innovation 129

Innovation Culture Agile Product Development 129

Corporate Innovation

JULY 26, 2016

While these models of advanced work led to so many innovations and created tremendous broad economic value, though not always to the lab’s corporate owner, it is clear that large scale, insulated corporate research is no longer the most common model for entering new markets or developing technologies of the future. What has changed?

Product Development 65

Product Development Project Management Groups 65

Paul Hobcraft

MAY 9, 2024

“ The reply: “Here are some of the ways in which collaboration, ideation, implementation, and value creation have changed since 2019: Collaboration From siloed to interconnected: Collaboration is no longer confined to departments or companies. Ideas and feedback are flowing back and forth throughout the innovation process.

Collaboration 147

Collaboration Artificial Inteligence Agile Ideation 147

Paul Hobcraft

MAY 3, 2023

I really am fed up with constantly seeing claims that “ innovation is core to our business ” and that we are “ constantly seeking fresh growth ” Both of these are simply b t statements from the vast majority of our businesses. Ten, twenty, perhaps fifty out of thousands in medium to large companies.

Innovation 189

Innovation Design System Software 189

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.

Artificial Inteligence 100

Artificial Inteligence Innovation Management Management Technical Review 100

Qmarkets

FEBRUARY 18, 2025

While digital transformation focuses on integrating technology into all aspects of a business, digital innovation goes a step furtherits about creating entirely new value through technology. Companies that fail to innovate digitally risk being left behind as competitors leverage new tools, business models, and strategies to drive efficiency.

Tools 59

Tools Crowdsourcing Ideation Innovation 59

Leapfrogging

FEBRUARY 17, 2015

Innovation isn’t rewarded. Some of the most successful companies around simplify the innovation equation by focusing on outcomes rather than the process itself. Their leaders shape the mindsets and behaviors needed to achieve big things that have a big impact—and in the process, eradicate wet blankets along the way.

Strategy 113

Strategy Strategy Innovation Product Development 113

Qmarkets

SEPTEMBER 29, 2021

Qmarkets have partnered with Dutch innovation consultants, Pimcy Innovation & Portfolio Management, to offer a comprehensive enterprise innovation solution to companies in the Benelux region. Last but not least, we can make innovation measurable using innovation accounting.

Management 98

Management Software Innovation Management Innovation 98

Qmarkets

SEPTEMBER 29, 2021

Qmarkets have partnered with Dutch innovation consultants, Pimcy Innovation & Portfolio Management, to offer a comprehensive enterprise innovation solution to companies in the Benelux region. Last but not least, we can make innovation measurable using innovation accounting.

Management 98

Management Software Innovation Management Innovation 98

Jeffrey Phillips

DECEMBER 1, 2015

Without a good pipeline of new solutions, the old solutions become more important, so companies look for methods to extend product life and add a few new features to existing products. This crowds the product development process and eliminates room for new concepts to enter. Second, a thoroughness reason.

Underperforming Technical Team 100

Underperforming Technical Team Product Development Innovation Exercises 100

InnovationManagement

JUNE 8, 2020

M-Pesa, a mobile-based financial service, did not follow a linear, step-by-step innovation process. In this article, Eivor Oborn follows M-Pesa's rapid trajectory to unearth how people who used it in Kenya, and how that helped the company adapt its product development.

Product Development 68

Product Development Innovation Innovation Processes Company 68

Leapfrogging

DECEMBER 10, 2024

The progression of AI technology has led to its adoption in several key areas of business strategy, including market analysis, customer service, operational efficiency, and product development. By integrating AI into new product development, you can enhance your company’s ability to deliver cutting-edge solutions.

Artificial Inteligence 100

Artificial Inteligence Strategy Strategy Technical Review 100

Leapfrogging

APRIL 10, 2024

When you select a speaker whose expertise aligns with your company’s goals, you create a unique opportunity for growth and learning. They bring stories of success and failure that can humanize the innovation process and make it more relatable. Offer strategies for effective prototyping and testing.

Innovation 113

Innovation Ideation Leadership Innovation Processes 113

IdeaScale

OCTOBER 23, 2019

What Is Open Innovation? Traditionally, innovation in companies has been “closed.” Projects are kept secret, details are not shared outside the company or even certain departments, and secrecy is a requirement of working on the project. That can drive even closed innovation processes in powerful ways.

Open Innovation 100

Open Innovation Collaboration Software Review Innovation 100