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Most innovators don’t have a technical background, so it’s hard to evaluate the truth of the situation. And unless they have a tech background, they can’t look under the hood themselves. The answer is to engage a trusted outside source for a TechnicalReview – a deep-dive assessment that provides a C-suite perspective.
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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.
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S-Curve Mapping is a strategic innovation tool used to understand the evolution and performance trajectory of technologies, products, services, or entire industries. Each phase reflects different levels of growth potential, innovation activity, and competitive pressure. What is S-Curve Mapping?
What is the Innovation Horizons Model? The Innovation Horizons Model is a strategic framework that guides organizations in balancing immediate operational excellence with long-term innovation. Horizon 1 (Core Innovation) focuses on current business models, products, services, and customers.
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A competitive advantage. Gaining that competitive advantage involves addressing what Koslow calls the three “pillars” of a healthy company culture: community, purpose, and growth. “You He also warns against what Harvard Business Review calls an “adrenaline shot” approach to change. People need to feel secure.
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Who is the competition? Estimates for each of these questions enable a total sales forecast to be assembled and reviewed. The pipeline is regularly reviewed at executive level. Is there a customer need for each innovation? What will this innovation compete with? Can we crack the technology?
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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. This process is particularly beneficial in industries where competition is fierce, and market trends shift rapidly.
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