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You may know that in addition to my work on innovation and creativity , I work as a professional Project Manager. As I’ve just finished leading an 18-month project, I am reflecting on how project management and leading teams is changing as Artificial Intelligence becomes more common in the workplace. Let’s dive in.
Experiment Canvas in Innovation The Experiment Canvas plays a critical role in real-world innovation projects by helping organizations move from assumptions to evidence. The canvas also supports organizational learning. Heres how to apply it in innovation projects: 1. This encourages a culture of evidence-based decision-making.
Unlike traditional planning methods that rely on fixed forecasts and clearly defined outcomes, DDP embraces uncertainty by emphasizing learning, testing, and adjusting. Discovery Driven Planning in Innovation In innovation projects, Discovery Driven Planning plays a vital role by providing a clear roadmap for navigating unknown territory.
Discovery Driven Planning: A Practical Guide for Strategy Projects Discovery-Driven Planning (DDP) is a strategic approach designed for uncertain, high-risk initiatives , where traditional planning methods may not be effective. Innovation-driven projects. Make data-driven decisions , rather than relying solely on projections.
Great dashboards lead to richer user experiences and significant return on investment (ROI), while poorly designed dashboards distract users, suppress adoption, and can even tarnish your project or brand. Download the Definitive Guide to learn why dashboard design matters, and how to do it well.
Business Model Canvas in Innovation In innovation projects, the Business Model Canvas serves as a foundation for building scalable and customer-focused solutions. The canvas fits into real-world innovation projects by helping to: Define how a new product or service will generate value. Lead Successful Innovation Projects!
70-20-10 Innovation Rule in Innovation The 70-20-10 Innovation Rule plays a vital role in real-world innovation projects by organizing and prioritizing efforts based on potential impact and risk. By using this model, teams can: Prioritize projects based on impact and alignment with strategy.
Strategy Map: A Practical Guide for Strategy Projects A strategy map is a visual representation of an organizations strategic objectives and how they interconnect across different business functions. Facilitates Cross-Department Collaboration Links financial, customer, process, and learning goals. Lead Successful Strategy Projects!
Gap Analysis: A Practical Guide for Strategy Projects Gap Analysis is a structured framework used to evaluate the difference between an organizations current performance and its desired future state. This analysis is widely used across industries, from business operations and project management to human resources and product development.
Speaker: David Bard, Principal at VP Product Coaching
In the fast-paced world of digital innovation, success is often accompanied by a multitude of challenges - like the pitfalls lurking at every turn, threatening to derail the most promising projects. Gain inspiration from real-world success examples from top digital companies, offering invaluable insights into their winning strategies.
This new management method makes it nearly impossible for innovation teams to fail at delivering multiple challenging innovation projects faster, with less risk and lower required budgets. Most innovation experts often say that traditional management processes are not the way to run innovation projects. And this is true.
Key Performance Indicators (KPIs): A Practical Guide for Strategy Projects Key Performance Indicators (KPIs) are quantifiable metrics that measure an organizations progress toward achieving strategic objectives. Supporting continuous learning and adaptation Helps businesses stay agile and responsive to market shifts.
Balanced Scorecard: A Practical Guide for Strategy Projects The Balanced Scorecard (BSC) is a strategic management framework that helps organizations translate their vision and strategy into measurable performance objectives across multiple perspectives. Supports innovation and learning Encourages continuous employee development.
Objectives & Key Results (OKR): A Practical Guide for Strategy Projects Objectives & Key Results (OKR) is a goal-setting framework used by organizations to define clear objectives and track measurable results. Encourages Continuous Learning and Adaptation Provides a feedback loop for refining strategies. quarterly, annually).
Download this eBook to learn about the 5 basic principles that guide every successful innovation process. Why do only a third of the organizations worldwide have formal innovation metrics in place despite accepting that innovation is critical to survival?
Benchmarking is not about imitationits about learning from others to accelerate progress, improve competitiveness, and inform strategic decision-making. Benchmarking in Innovation Benchmarking plays a critical role in real-world innovation projects by providing data-driven insights that inform both strategy and execution.
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. Lead Successful Strategy Projects! What is the First Mover Advantage?
Triple Bottom Line: A Practical Guide for Strategy Projects The Triple Bottom Line (TBL) is a strategic framework that expands the traditional measure of business success beyond financial performance. Lead Successful Strategy Projects! What is a Triple Bottom Line Framework? Enhance brand reputation and stakeholder trust.
SMART Metrics: A Practical Guide for Strategy Projects SMART Metrics are a structured approach to goal setting and performance measurement that ensures objectives are clearly defined, actionable, and measurable. For example, Tesla uses SMART Metrics to track production output, battery performance improvements, and global EV adoption rates.
OGSM Strategy Framework: A Practical Guide for Strategy Projects The OGSM Strategy Framework (Objectives, Goals, Strategies, and Measures) is a structured strategic planning tool used by organizations to clarify vision, set priorities, and ensure execution. Lead Successful Strategy Projects! What is OGSM Strategy Framework?
Contingency Planning: A Practical Guide for Strategy Projects Contingency planning is the process of proactively preparing for potential risks, disruptions, or crises that could impact an organizations operations, strategy, or financial stability. For example, Microsofts contingency planning includes : Cloud-based disaster recovery systems.
By leveraging AI, you can enhance the efficiency and effectiveness of your innovation projects. Optimizing Resources with AI In the realm of innovation management, optimizing resources is crucial for the success of any project. This predictive capability helps you make informed decisions that align with your project goals.
Ohmae’s 3Cs Model: A Practical Guide for Strategy Projects The 3Cs Model , developed by Kenichi Ohmae , is a strategic framework that helps businesses achieve a sustainable competitive advantage by focusing on three key stakeholders: Customer, Company, and Competitor. Lead Successful Strategy Projects!
AI in innovation management involves using machine learning algorithms, natural language processing, and predictive analytics to streamline and optimize various stages of the innovation process. This helps you prioritize projects and allocate resources more effectively. Lead Successful Innovation Projects!
Unique Selling Proposition: A Practical Guide for Strategy Projects A Unique Selling Proposition (USP) is a distinct and compelling reason why a customer should choose a product or service over competitors. For example, Dominos Pizzas USP : You get fresh, hot pizza delivered to your door in 30 minutes or less or its free.
CAGE Distance Framework: A Practical Guide for Strategy Projects The CAGE Distance Framework is a strategic tool that helps organizations assess the challenges and opportunities of international expansion. For example, Netflix tailors its content library and user experience based on cultural and regulatory differences in each country.
McKinsey 7S Model: A Practical Guide for Strategy Projects The McKinsey 7S Model is a strategic framework developed by McKinsey & Company to help organizations assess and align their internal structure and processes for maximum effectiveness. Lead Successful Strategy Projects! What is McKinsey 7S Model?
The framework supports innovation projects by: Highlighting when incremental improvements will no longer yield competitive advantage. For example, a company developing wearable health tech might use S-Curve Mapping to evaluate current device capabilities and compare them to market maturity. Lead Successful Innovation Projects!
Hoshin Planning System: A Practical Guide for Strategy Projects The Hoshin Planning System , also known as Hoshin Kanri , is a strategic planning methodology that aligns an organizations long-term vision with day-to-day operational execution. Maintain a continuous cycle of improvement and learning. Lead Successful Strategy Projects!
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. Lead Successful Strategy Projects! What is Porter’s Diamond Model?
GE McKinsey 9-Box Matrix: A Practical Guide for Strategy Projects The GE McKinsey 9-Box Matrix is a strategic portfolio management tool that helps organizations assess and prioritize their business units, product lines, or investment opportunities. Lead Successful Strategy Projects! What is the GE McKinsey 9-Box Matrix?
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. For example, Googles core values include: Focus on the user, and all else will follow. Lead Successful Strategy Projects!
Purpose Statement: A Practical Guide for Strategy Projects A purpose statement is a clear and concise declaration that defines an organizations fundamental reason for existence beyond making a profit. For example, Patagonias purpose statement is: Were in business to save our home planet. Lead Successful Strategy Projects!
Hambrick & Fredrickson’s Strategy Diamond: A Practical Guide for Strategy Projects Hambrick & Fredricksons Strategy Diamond is a comprehensive framework that helps organizations define and communicate their strategy clearly. Lead Successful Strategy Projects! What is Hambrick & Fredrickson’s Strategy Diamond?
Go-to-Market Strategy: A Practical Guide for Strategy Projects A Go-to-Market (GTM) strategy is a structured plan that defines how a company will introduce a product or service to the market, attract customers, and achieve a competitive advantage. Lead Successful Strategy Projects! What is a Go-to-Market Strategy?
Scenario Planning: A Practical Guide for Strategy Projects Scenario Planning is a strategic methodology that helps organizations anticipate and prepare for potential future uncertainties. Lead Successful Strategy Projects! For example, Teslas scenario planning focuses on : The future of self-driving technology and regulations.
Kotler’s Pricing Strategy: A Practical Guide for Strategy Projects Kotlers Pricing Strategy , developed by Philip Kotler , is a comprehensive framework that helps businesses determine the most effective pricing model to maximize revenue, market share, and competitive positioning. Lead Successful Strategy Projects!
Kays Distinctive Capabilities Framework: A Practical Guide for Strategy Projects Kays Distinctive Capabilities Framework , developed by John Kay , is a strategic model that helps organizations identify and leverage their unique competitive advantages. Lead Successful Strategy Projects! What is Kays Distinctive Capabilities Framework?
Key Outcome Indicators: A Practical Guide for Strategy Projects Key Outcome Indicators (KOIs) are high-level performance metrics that measure the effectiveness and impact of strategic initiatives. Lead Successful Strategy Projects! For example, in a customer service strategy : KPI: Reduce customer response time by 30%.
For team leaders, company directors, project managers , innovators and senior leadership, understanding the stages of AI maturity is essential for harnessing its power to drive innovation and efficiency. AI for project managers Important: Want to get FREE access to my curated list of the top 65+ A.I. in their work.
Hedgehog Model: A Practical Guide for Strategy Projects The Hedgehog Model , developed by Jim Collins in his book Good to Great , is a strategic framework that helps organizations find their core focus and achieve long-term success. Lead Successful Strategy Projects! What is the Hedgehog Model?
Five Forces Model: A Practical Guide for Strategy Projects The Five Forces Model , developed by Michael Porter , is a strategic framework that helps organizations analyze the competitive forces shaping an industry. Lead Successful Strategy Projects! What is the Five Forces Model? Optimize pricing, supply chain, and product development.
Critical Success Factors: A Practical Guide for Strategy Projects Critical Success Factors (CSFs) are the key areas of performance that are essential for an organization to achieve its strategic objectives. Lead Successful Strategy Projects! What are Critical Success Factors? Improve decision-making by focusing on what truly matters.
SWOT Analysis: A Practical Guide for Strategy Projects SWOT Analysis is a strategic planning framework used to evaluate an organizations internal strengths and weaknesses as well as external opportunities and threats. Lead Successful Strategy Projects! What is a SWOT Analysis? What strategic goals are we trying to achieve?
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