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The 70-20-10 Innovation Rule is a strategic framework that guides organizations in allocating time, budget, and resources across three categories of innovation: core, adjacent, and disruptive. The models versatility makes it applicable in industries ranging from healthcare and manufacturing to tech startups and service sectors.
It provides a structured way to analyze macro-environmental elements such as market trends, regulatory shifts, technological advancements, and customer behavior. They are influenced by economic cycles, cultural shifts, emerging technologies, competitive pressures, and evolving customer needs.
This model helps organizations avoid stagnation by encouraging them to invest in new capabilities, markets, and technologies even while maintaining and optimizing existing operations. It was popularized by McKinsey & Company and has since been widely adopted across industries as a roadmap for growth, adaptability, and strategic foresight.
It is particularly useful in situations where assumptions outweigh factssuch as launching a new venture, developing disruptive products, or entering unfamiliar markets. Discovery Driven Planning in Innovation In innovation projects, Discovery Driven Planning plays a vital role by providing a clear roadmap for navigating unknown territory.
Companies that embrace White Space Innovation aim to break out of stagnation, stay ahead of disruption, and create long-term competitive advantage. It allows teams to imagine, prototype, and test new business possibilities that aren’t limited by current processes, technologies, or assumptions. AI, automation, renewable energy).
S-Curve Mapping is a strategic innovation tool used to understand the evolution and performance trajectory of technologies, products, services, or entire industries. By mapping where a product or technology lies on the S-curve, organizations can better allocate resources, decide when to innovate, and anticipate market transitions.
For example, Apple analyzes the Five Forces to manage supplier relationships, differentiate its products, and maintain pricing power in a highly competitive tech industry. Threat of New Entrants: Evaluating Market Barriers New competitors can disrupt an industry by introducing innovation, price competition, or alternative business models.
This technology can be applied across various stages of innovation, from idea generation to product development. For more insights on how AI can be integrated into your innovation processes, explore our articles on ai for idea generation and ai in product roadmapping. Provide training and support to ease the transition.
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?
For example, Teslas success in the electric vehicle industry can be attributed to a strong market demand (Market Attractiveness), innovative technology (Sustainable Competitive Advantage), and strong supply chain relationships (Connectedness Across the Value Chain). These could include: Unique technology or intellectual property.
Without a structured approach, organizations risk disruptions, resistance, and unforeseen challenges that can derail change initiatives. Change Impact Analysis provides a roadmap for identifying potential risks, aligning stakeholders, and implementing strategic actions to mitigate negative consequences. Will training be required?
For example, Tesla differentiates itself through a strong innovation capability (battery technology and self-driving AI), a loyal brand reputation, and an integrated architecture that includes manufacturing, software, and charging networks. Creates sustainable advantage by introducing unique offerings that disrupt industries.
We are entering a position of significant disruption. ” Brian Solis has been one of the industry’s most influential voices when it comes to humanizing disruptivetechnology trends and is the Global Innovation Evangelist at Salesforce. “We are entering what I refer to as a #NovelEconomy.
The Evolution of Product Development Product development has transformed significantly over the years, adapting to changes in consumer behavior, market demands, and technological advancements. Agile product development is a powerful approach that can help you navigate the complexities of today’s disruptive world.
In recent years, more and more companies have realized the need for innovation as they’ve seen businesses all around them, and perhaps even their own business, being disrupted. There are great many companies and leaders that obsess about their market share, competitors, or technological prowess. Customer obsession.
How to Avoid These Pitfalls Ive helped clients implement practical solutions to these common challenges, such as: Developing a Comprehensive Project Plan (for waterfall projects): Establish a clear roadmap with defined objectives, timelines, and resource requirements to ensure alignment from the start. Example: Lindy Generative A.I.
Dynamic Ecosystems provide the agility to reconfigure partnerships, leverage emerging technologies, and pivot swiftly to changing market conditions, ensuring lasting competitiveness and relevance. This transformative and future-ready framework empowers organizations to thrive in an increasingly complex and dynamic business landscape.
A ccelerate Innovation : Tap into diverse knowledge pools across ecosystems to drive breakthrough innovations and stay ahead of disruption. Driven by technology, data analytics, and real-time responsiveness. Bidirectional Flows: From Dynamic Core to Other Ecosystems : • Pushing adaptations, new technologies, and market insights.
Technology is radically altering our need for innovation. We see increasingly innovation is feeding off the “ digital response rate ” Connecting technology and innovation is altering how we should re-access organizations ability to build out. I got a lot out of that mapping that is continuing to take my thinking out.
The most impressive presentation I reviewed in 2017 was the one from Munich Re, held on 21st November 2017 under their investor day event. This is no finished roadmap but it does give investors and multiple stakeholders a really decent understanding of how Munich Re are managing their transformational journey.
And now they have to figure out which features should be prioritized for their innovation roadmap, too? In this blog, we will recommend strategies for choosing the best features for your innovation roadmap along with the do’s and don’ts of feature prioritization. . Prioritize based on your existing roadmap. Kano Model.
I could outline countless ways to work through different examples, set about a strategic and operational digital transformation roadmap, to combine effective knowledge from people and excellence gained from what you need to do in IT and your technologies to get this going, but I will not here, as this is an opening primer, not a solution.
While generating new ideas and inventing new technologies is important, it is even more important for innovators to identify the unknowns that have to be true for their ideas and technologies to succeed in the market. 1957) Strategies for Diversification, Harvard Business Review, 35, 13-124. innovation risk and disruption risk).
“We’re in that spectrum of disruption. Whether due to fear of job displacement, lack of technical expertise, or internal bureaucracy, hesitation is a significant barrier to AI adoption in the corporate world. Vincent advises companies to create a roadmap for integration. Jan suggests focusing on AI fluency.
Self-Regulation – Managing or redirecting one’s disruptive emotions. Self-Regulation Self-regulation involves the ability to control or redirect one’s disruptive emotions and impulses. This can involve self-assessments, peer reviews, and professional EI evaluations.
Still, you have to contain the change and disruption by recognizing these unknowns are offset by the many immeasurable benefits that arise as you explore and exploit the collaborative benefits and scope and scale potentials. Referring to a roadmap of focusing on the dynamic capabilities and capacities builds this dynamic resilience network.
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. That shift creates constant momentum, making it easier to adjust perspectives and see with more clarity all the opportunities to turn the tables on disruption.
The DMAIC Framework: The Core of Lean Six Sigma At the heart of Lean Six Sigma Management lies the DMAIC framework , a structured five-phase process that provides a roadmap for implementing improvements. This reliability minimizes defects and rework, enhancing trust and reducing operational disruptions.
Back in 2014 at the time of the last survey by Altimeter, only 25% of companies undergoing some form of digital transformation had mapped the customer journey, as now 88% cited CX as the driver of change and why technology was the necessary solution. With the runway for disruptivetechnologies still ahead (e.g., In summary.
The strategy and the roadmap towards the desired innovation-driven mode are critical. The ‘innovation team’ must identify and provide the right enabling technologies to facilitate day-to-day innovation activities and also to speed up the adoption of the innovation culture. Handle the noise, Avoid disruption. Technologists.
Each time you are reviewing innovative activity, run through this formula in your head to see if each of the parts is embedded into the work. Looking to achieve better visibility and flexibility, extending collaborations and advancing concepts through technology and structured approaches. The scale of innovation impact desired.
” The challenge arises when scouts, exploring innovation ecosystems, struggle to find enabling technology, leading to a crucial dilemma—did the scouts perform inadequately, or does the desired solution really not exist? There are many alternatives out there but none that are completely disruptive and could revolutionize the field.
The Evolution of AI in Business Strategy The journey of AI in the business landscape has seen a remarkable evolution, transitioning from a novel technology to a fundamental component of strategic planning. Resource Allocation : Determine the budget, personnel, and technology needed.
In Cragun and Sweetman's upcoming book, Reinvention: Accelerating Results in the Age of Disruption [Greenleaf Book Group Press, July 2016] , the authors propose a simple formula, common principles, and set of tools for individuals and organizations facing disruptive and radical change.
If you’ve already reviewed our introductory training article, you may be interested in finding more resources to expand your knowledge about this framework and how to apply it to your own creative challenges and innovative problem-solving experiments. Jobs to be Done: A Roadmap for Customer-Centered Innovation. Get it here.
Gartner’s latest survey reveals that 95% of CIOs expect their jobs to change or be remixed due to digitalization and technology influx. In times when technology has spread its roots and wings in every aspect of the business, CIOs are at the core of critical decision making. Some key Priorities of today’s CIO include.
Misaligned Work Misaligned work occurs when tasks are not directly aligned with an organization’s highest priorities, often due to unclear communication or poor understanding of these priorities. This helps avoid the accumulation of unmanageable work due to multitasking. It is recommended to keep WIP (Flow Load) at about 1.5
Creative Construction , by Gary Pisano at Harvard Business School, is such a book, in part due to the preeminence and influence of Harvard in the conversations about innovation that have been taking place since Christenson’s ‘The Innovator’s Dilemma’ was published in 1997. Conclusion. Now the real work begins. [1]
I could outline countless ways to work through different examples, set about a strategic and operational digital transformation roadmap, to combine effective knowledge from people and excellence gained from what you need to do in IT and your technologies to get this going, but I will not here, as this is an opening primer, not a solution.
Importance of Team Collaboration in Modern Work Environments In today’s fast-paced business climate, characterized by disruptivetechnology and virtual workspaces, team collaboration is more crucial than ever. Clear objectives act as a roadmap, guiding the team’s efforts and helping to measure success.
My Thoughts Based on 25 Years Working With Transformations Having worked on enterprise transformations for the past 25 years, it’s not surprising to me that the majority of enterprises have not yet transformed to a product model within the last five years and achieved value delivery at a speed we’d associate with digital natives and tech giants.
Unlike traditional manufacturing processes characterized by tangible endpoints, software development for vehicles is inherently iterative and demands agility to keep pace with evolving technological requirements. This includes anticipating changes in demand, technology, or market dynamics and adjusting methods accordingly.
At Anaqua, we partner with clients in a structured manner to define our product roadmap, which in turn guides our acquisition strategy, targeting complementary capabilities to drive client value. In my experience, M&A transactions can be disruptive whether they are large M&A transactions or a high volume of small M&A transactions.
They may share insights on techniques for effective ideation such as design thinking, mind mapping, and leveraging technology for collaborative brainstorming sessions. Audience Feedback Reviews, testimonials from previous talks. Drive Change Speaker with a strong message on embracing disruption.
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