Paul Hobcraft

OCTOBER 15, 2024

To get to this point though does needs significant business ecosystem understanding, exploring, investigating, investment and cultural shifts. Proctor & Gamble established a classic open innovation model P&G Connect + Develop more focused on bringing in external ideas.

Open Innovation 162

Open Innovation Innovation Collaboration Design 162

Leapfrogging

MARCH 18, 2025

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. Create barriers to entry for competitors. Secure strategic resources and partnerships.

Strategy 130

Strategy Strategy Technical Review Roadmap 130

Leapfrogging

MARCH 4, 2025

Values Statement: A Practical Guide for Strategy Projects A values statement is a declaration of an organizations core principles and ethical standards that guide its behavior, decision-making, and culture. A well-crafted values statement should: Clearly define the companys ethical principles and cultural priorities.

Strategy 130

Strategy Strategy Culture Leadership 130

Leapfrogging

MARCH 7, 2025

Unlike operational goals, which focus on day-to-day tasks , strategic goals set the foundation for long-term success by addressing: Market positioning How the company competes in its industry. Innovation and expansion New product development, market penetration, and technological advancements.

Strategy 130

Strategy Strategy Underperforming Technical Team Technical Review 130

Leapfrogging

MARCH 21, 2025

Learn more about how AI can enhance decision-making in our article on ai-driven market research. This leads to faster development cycles and quicker time-to-market for new products and services. For further insights on how AI can enhance your innovation strategies, explore our article on ai-driven market research.

Artificial Inteligence 130

Artificial Inteligence Idea Generation Trends Analysis 130

Leapfrogging

APRIL 3, 2025

The primary goal of an MVP is to minimize risk by validating key assumptions about customer needs and market demand before investing heavily in full-scale development. Its a central concept in lean startup methodology and a powerful tool for product development teams looking to accelerate progress while conserving resources.

Software Review 130

Software Review LEAN Development Team Review Roadmap 130

Leapfrogging

MARCH 4, 2025

Motivate employees Creates a workplace culture driven by meaning and impact. Differentiate from competitors Establishes a unique position in the market. This purpose drives IKEAs focus on affordability, functionality, and sustainability , shaping everything from product design to customer experience.

Strategy 130

Strategy Strategy Culture Leadership 130

Leapfrogging

APRIL 3, 2025

Its especially useful in digital product development, service design, and business model innovation. It guides teams through a structured cycle of experimentation that reduces risk and accelerates time to market. Evidence-based decision-making : Data, not opinions, drive development. Lead Successful Innovation Projects!

Learning 130

Learning LEAN Agile Project 130

Leapfrogging

NOVEMBER 8, 2024

The business vibe these days is a whirlwind—tech is always one step ahead, folks are changing their minds faster than a kid in a candy store, and the market’s mood swings like a pendulum. Blending these fresh ideas into your strategy creates a thriving culture that isn’t afraid to shake things up and bend the rules.

Artificial Inteligence 113

Artificial Inteligence Innovation Internet of things Strategy 113

Leapfrogging

MARCH 20, 2025

Porter’s Diamond Model: A Practical Guide for Strategy Projects The Diamond Model , developed by Michael Porter , is a strategic framework that helps businesses and policymakers understand the factors that influence a nations competitive advantage. Supporting global expansion strategies by understanding home-market strengths.

Strategy 130

Strategy Strategy Technical Review Policies 130

Leapfrogging

MARCH 10, 2025

Developed by Rita McGrath and Ian MacMillan , Discovery-Driven Planning is ideal for: New product development. Market entry strategies. Adapt flexibly to market feedback and new insights. Encourages a Growth Mindset Fosters a culture of learning rather than fear of failure. Limited market pilots.

Strategy 130

Strategy Strategy Project Data 130

Leapfrogging

MARCH 11, 2025

For example, Boeing applied Hoshin Planning to enhance product development efficiency , ensuring cross-functional collaboration and reducing production delays. Promotes a Culture of Continuous Improvement Uses feedback loops to refine objectives. Manufacturing units (efficient EV production methods).

System 130

System Strategy Strategy Underperforming Technical Team 130

Jeffrey Phillips

JANUARY 18, 2019

I was on a conference call recently, discussing an upcoming keynote that I'll deliver to a academic-federal government program meant to accelerate new technologies from basic research into the market. We were talking about the "ecosystem" of contributors that can help move basic research from academia and research labs to market.

Technical Review 248

Technical Review Project Product Development Conference 248

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. Eye good picks like products, services, how stuff gets done, and biz tactics. Let your team dream big and bring fresh notions to the table.

Strategy 113

Strategy Strategy Innovation Artificial Inteligence 113

Paul Hobcraft

MARCH 4, 2025

Value Creation and Flow in approaches and distinctiveness Traditional Approaches Ecosystem Distinctiveness Linear value chains Multi-directional value flows Predictable supplier-customer relationships Value multiplication through network effects Value flows mostly in one direction Dynamic value exchange Clear industry boundaries Industry boundary blurring (..)

Comparison 100

Comparison Collaboration Design Resources 100

Leapfrogging

MARCH 14, 2025

People (Social Responsibility) Employee satisfaction and retention rates Diversity and inclusion metrics Community engagement and charitable contributions Customer satisfaction and ethical supply chain practices For example, Microsoft tracks employee engagement and well-being programs to ensure a positive workplace culture.

Strategy 130

Strategy Strategy Report Engagement 130

Moves the Needle

JANUARY 3, 2019

Companies that successfully bring new products to market rapidly, benefit from having a leg up on their competition while diminishing the negative effects of shrinking product life cycles. However, moving a product from lab to market is a process that in itself could use re-invention. What is Commercialization?

Product Development 75

Product Development LEAN Underperforming Technical Team Innovation 75

Tim Kastelle

FEBRUARY 21, 2015

Beside the annual ranking, headed by the top three companies Apple, Google and Samsung, some insightful outcomes with regard to organizational and cultural requirements have striked my eye. Adaptability and innovation culture. After studying innovation among 759 companies based in 17 major markets, Gerard J. Tellis, Jaideep C.

Culture 100

Culture Radical Innovation Innovation Underperforming Technical Team 100

Planview

JANUARY 22, 2024

The trends outlined in this blog offer a glimpse into the future of product development and some exciting opportunities for product-driven companies to achieve real ROI regarding cost savings, efficiency, productivity, digital transformation benefits, and employee satisfaction.

Product Development 69

Product Development Innovation Management Management Trends 69

Idea to Value

MARCH 25, 2019

The corporate landscape is changing drastically, and for a corporate brand to stay relevant, they must innovate in order to change with the market. Such innovations can come in the form of adopting new technologies, but also by adapting the business practices typically associated with startup culture. Rapid production and MVP.

Change 196

Change Technical Review Underperforming Technical Team Innovation 196

eZassi

NOVEMBER 13, 2024

Product-Lifecycle Management 2.0 A Kaizen Approach to Market-Driven Innovation In today’s competitive business environment, companies are under constant pressure to innovate, streamline processes, and improve product quality. Then, ensure that the product development process is aligned with the company’s strategic drivers.

Management 52

Management Technical Review Software Review Product Development 52

Leapfrogging

FEBRUARY 9, 2024

The Importance of Fostering Innovation in Leadership Defining Innovation Culture An innovation culture refers to the values, behaviors, and norms that ensure an organization not only generates new ideas but also executes them to achieve positive outcomes.

Culture of Innovation 113

Culture of Innovation Culture Innovation Leadership 113

Qmarkets

NOVEMBER 1, 2024

In fact, research shows that companies practicing open innovation achieve faster time-to-market and often realize higher revenue from new products. Reduced R&D Costs : External collaboration minimizes in-house development costs, especially when adopting or co-developing pre-existing technologies.

Open Innovation 52

Open Innovation Software Innovation Management Strategy 52

Paul Hobcraft

NOVEMBER 1, 2023

To support you in building out your innovation competencies, capabilities and capacity that requires a deeper investment in skill development in a culture of continual learning. Share instances where timely knowledge acquisition has led to breakthroughs or market leadership to strengthen ecosystem thinking and design further.

Change 173

Change Underperforming Technical Team Technical Review Innovation 173

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. Did you know innovation can bridge social, cultural, and political differences?

Crowdsourcing 173

Crowdsourcing Brainstorming Conference Innovation 173

Qmarkets

FEBRUARY 3, 2021

These companies have hardwired innovation into their framework and have ingrained innovation into their organization’s culture, but how exactly do you define a ‘culture of innovation’? However, providing a formal process alone won’t create a culture of innovation – management must still be the driver.

Culture 98

Culture Culture of Innovation Company Technical Review 98

Qmarkets

MARCH 13, 2025

Whether it’s refining products, solving complex challenges, or gathering market insights, companies are increasingly turning to crowdsourcing to stay competitive. Customer Co-Creation Brands involve customers in product development, allowing them to submit ideas, vote on features, or provide direct feedback.

Crowdsourcing 52

Crowdsourcing Examples Software Review Technical Review 52

Qmarkets

JANUARY 31, 2025

Some of the most impactful innovations dont come from high-tech labs in advanced economiesthey emerge from the ingenuity of resource-constrained markets. 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 Trends 52

Idea to Value

JANUARY 7, 2022

I will go through each of them one at a time, and explain the positive and negative aspects of each: Different possible organisational locations for innovation resources: Option 1: A bridge between R&D and Sales / Marketing. Here, innovation will be closely tied to “product development” resources.

Underperforming Technical Team 309

Underperforming Technical Team Innovation Resources Project 309

Planview

NOVEMBER 9, 2022

Disruptions to effective product development are constant but don’t need to be detrimental to an organization’s ability to deliver innovation with speed and maintain a healthy ROI. Suppose organizations make adaptability a cornerstone of their product development strategy and overall culture.

Product Development 52

Product Development Disruption Resources Technical Review 52

IdeaScale

JUNE 22, 2017

Sometimes these types of programs are referred to as internal market research where employees share customer insights company-wide and build on one another’s knowledge. The concepts that started in the ideation program are now being reviewed by the product development team for potential implementation.

Crowdsourcing 190

Crowdsourcing Company Case Study Development Team Review 190

Idea to Value

JULY 21, 2017

Suggested reading: 14 – Building a Culture of Innovation. What it is: Rather than a specific theory or methodology, this is a business impetus to make sure that the corporate culture actually encourages innovative behaviour, instead of stifling it. When it should be used: Very seldom!

Company 254

Company Innovation Brainstorming Underperforming Technical Team 254

HYPE Innovation

JULY 2, 2017

Faced with the challenge of improving a product or service in the marketplace shouldn’t present too much of a problem for organizations with capabilities in managing and deploying their knowledge base.

Software Engineering 180

Software Engineering Knowledge Base Innovation Software 180

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. There is first elapsed time - the time from the first recognition of an opportunity or need until the product comes to market.

LEAN 155

LEAN Innovation Agile Project 155

Jeffrey Phillips

MAY 24, 2022

Too often, ideas run a gauntlet of decision makers who have other priorities, leaders who have tight budgets, jealous co-workers who believe the ideas aren't really valid and corporate cultures which prefer safety over change. Trying to fend off all of these individuals, teams and the corporate culture at large is a daunting task.

Underperforming Technical Team 217

Underperforming Technical Team Disruption Idea Generation Culture 217

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. That's because they are wedded to the existing products and processes. Culture - The old saying is that culture eats strategy for breakfast.

Innovation 129

Innovation Agile Culture Product Development 129

Jeffrey Phillips

OCTOBER 6, 2021

The companies that do make the bet, and that do focus on innovation, often show the benefits in terms of higher profits, greater market share and higher stock prices. We don't have to look far in the corporate scrap heap to find firms that were leaders (Nokia, Kodak) but became obsolete due to a failure to notice changes in the market.

Innovation 129

Innovation Project Culture Disruption 129