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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.
Modern, competitive industries develop these roadmaps to ensure that innovation efforts translate into meaningful outcomes. To maximize its potential, the roadmap must integrate with innovation portfolio management , a system for tracking, balancing, and optimizing all innovation initiatives. What is an Innovation Roadmap?
It was popularized by McKinsey & Company and has since been widely adopted across industries as a roadmap for growth, adaptability, and strategic foresight. Horizon 3 (Disruptive Innovation) targets high-risk, high-reward transformations that could define the companys future.
A well-crafted business roadmap is an invaluable tool that helps organizations chart their course toward growth and prosperity. In this blog, we'll explore various business roadmap examples to shed light on how different companies [.]
Speaker: Christophe Louvion, Chief Product & Technology Officer of NRC Health and Tony Karrer, CTO at Aggregage
Christophe Louvion, Chief Product & Technology Officer of NRC Health, is here to take us through how he guided his company's recent experience of getting from concept to launch and sales of products within 90 days. Save your seat today! September 24th, 2024 at 11:00 AM PDT, 2:00 PM EDT, 7:00 PM BST
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. What is the First Mover Advantage? How First Mover Advantage Supports Strategic Decision-Making 1.
For example, if a technology company is considering investing in a new AI-based customer support tool, the business case would define the problem (e.g., Align with Strategic Objectives Demonstrate how the proposal supports broader business priorities: Which company goals or OKRs does it address? a 15-month payback period).
Providing a prioritized innovation roadmap backed by data. Consider a medical device company designing a new glucose monitor. It allows companies to differentiate their offerings based on unmet needs and design features that directly support the customer’s job to be done. Adapting roadmaps based on shifting priorities.
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.
Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.".
Unlike other models that focus on isolated aspects of strategy, the Strategy Diamond provides a complete picture of how a company competes, differentiates, and sustains long-term success. Create a roadmap for sustainable profitability and growth. Vehicles determine how a company will enter and expand within its chosen arenas.
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.
For example, a B2B software company may use the canvas to improve its onboarding product. Use it during product planning or quarterly roadmap reviews. Product Roadmap Template Prioritizes features based on mapped pains and gains. Collaborate Across Teams The canvas is a cross-functional tool.
Every year, countless companies spend weekssometimes monthscreating detailed product roadmaps, only to revisit the same challenges a year later. Despite careful planning, these rigid roadmaps often fail to keep up with shifting market conditions, customer needs, and technological advancements.
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.
It helps companies plan for the future instead of reacting to disruption when it’s too late. For example, a company developing wearable health tech might use S-Curve Mapping to evaluate current device capabilities and compare them to market maturity. Use objective performance data, not opinions.
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.
For example, a technology company using Gap Analysis may discover that its software deployment speed is slower than competitors , leading to a plan for process improvements and automation. For example, an e-commerce company may analyze its customer service response times to determine how to improve resolution speed.
These goals align with the companys vision, mission, and values and provide a roadmap for achieving sustainable growth and competitive advantage. Enhance competitive advantage Position the company for long-term success. What role does the company play in its industry? Strengthening AWS cloud computing leadership.
Think your customers will pay more for data visualizations in your application? Five years ago they may have. But today, dashboards and visualizations have become table stakes. Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics.
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!
Bridie Scott is an Innovation Manager at Spotless and she’s taken the business on a journey from a large-scale company with big goals to a company that is listening to and empowering all of their frontline employees in the innovation process. The post Spotless: An Innovation Roadmap appeared first on Innovation Management.
It focuses on why some companies consistently outperform competitors by examining their core capabilities rather than relying solely on market positioning or operational efficiency. Helping companies build a strong reputation and customer trust. Preventing companies from engaging in destructive price competition.
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.
Speaker: Sunil Parekh, Head of Product Management, SimplyInsured
Data can be qualitative or quantitative, and comes from multiple sources: customer interviews, product usage & funnel analytics, company financial performance, and internal stakeholders. How do you use that data to create a product roadmap that is aligned with your organization’s business objectives?
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. Helping companies diversify revenue streams and minimize risks.
Drives Long-Term Business Growth Creates a sustainable roadmap for continuous improvement. These objectives should align with the companys mission, vision, and competitive positioning. Encourages Cross-Functional Collaboration Aligns different departments toward shared objectives.
Align with Leadership Mission and Risk Tolerance Companies must ensure that leadership vision, aspirations, and risk appetite align with the strategy. Is the company prepared to take on financial and operational risks? Questions to ask: Does the company have the required skills and expertise?
It provides an organizational-level perspective that complements specific project-level tools like business cases or roadmaps. For example, a company launching a cross-functional innovation program might use the Innovation Matrix to evaluate the current state of each business unit.
Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy
Join this exclusive webinar with Ryan McInerny to learn: Cryptocurrency asset market trends How to manage risk and compliance to serve customers safely Best practices for identifying crypto transactions and companies Revenue opportunities with custody arrangements, brokerage fees, account maintenance fees, and lending The roadmap needed for successful (..)
Get instant change processes Get expert tools & guidance Lead projects with confidence Learn More Project Recommendations for Success Lack of Clear Innovation Goals Define a structured roadmap to ensure innovation efforts are aligned with business objectives. Set measurable objectives to track progress effectively.
Companies that fail to adapt risk becoming obsolete in an environment where customer preferences, market trends, and technological advancements shift rapidly. By integrating best practices, structured experimentation, and a focus on rapid iteration, companies can future-proof their innovation efforts and sustain long-term growth.
Without this structured analysis, companies risk underestimating threats, overpricing products, or misallocating resources. Focusing Only on Direct Competitors – Companies often ignore external threats like substitutes and supplier power. Solutions: Expand analysis to include non-traditional competitors.
It hammers out who you are, your dreams, and what’s at the core of your company. Spotting Your Innovation Chances Kicking things off with innovation means you’ve gotta sniff out those golden opportunities for creativity in your company. Vision Statement : Where do you see yourself in the long run?
Speaker: Jon Harmer, Product Manager for Google Cloud
You will deepen your understanding of your customers and their needs as well as identifying and de-risking the different kinds of hypotheses built into your roadmap. Understand how your work contributes to your company's strategy and learn to apply frameworks to ensure your features solve user problems that drive business impact.
When I joined IdeaScale in late spring of this year, I set out to discover how I could help our customers create and maintain an innovative culture at their company through our crowdsourcing tools. Here’s what I’ve learned about designing at an innovation management company so far. What are our design principles?
Provides a clear roadmap for success Defines measurable outcomes to track progress. It ensures that companies focus on leveraging their capabilities rather than fixing weaknesses , leading to greater innovation and sustained competitive advantage. What strategic goals are we trying to achieve? What customer needs are not being met?
How do Chief Technology Officers build roadmaps to implement new technologies? Leo Barella, Chief Technology Officer at Takeda Pharmaceutical Company, explains. And, how do they leverage data to innovate?
Before you launch your innovation strategy, you should work out a roadmap, look for key points where you need more resources, and consider where these resources will originate. Start the outsourcing process before you hit that milestone, however, so you can stick to your roadmap. When Should I Outsource Innovation?
Speaker: Jordan Bergtraum, Head of Product at Equip ID & Consultant
Perceived “value” of your offering(s) is directly related to how you talk about your product and company. How to use the messaging to validate your roadmap. Compelling product messages have a profound impact on attracting new customers and commanding value-based pricing. The benefits of a good product message.
” A groundbreaking report, “ Net-Zero by 2050: a roadmap for the global energy system “(referred to as NZE here) by the Internation Energy Agency (IEA), has been emphasising that this decade is pivotal to reaching net-zero by mid-century. Knowledge transfer from first?mover
So often organizations do not have a clear vision, strategy or can develop a systematic roadmap for this form of transformation. This is requiring total company engagement as you transform your present physical world into a highly connected digital world, totally dependent on technology. Part 4: The Roadmap for the Digital Revolution.
To achieve that personalization in their entertainment experiences while simultaneously planning for the connected experience of the future, properties are turning to companies like DISH Business. “This will improve guest internet access but more importantly empower personalization of their overall experience.”. The future is loyalty.
For example, a retail companys strategy map might link its customer satisfaction goals to investments in employee training and supply chain efficiency , ensuring a holistic approach to business growth. Enable data-driven decision-making Provides a roadmap for continuous improvement. Enhance decision-making with a structured approach.
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