This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
AI in Product Roadmapping : Assisting in the development of strategic product roadmaps ( ai in product roadmapping ). Explore more about how AI can assist in ai for idea generation and ai in product roadmapping. Lead Successful Innovation Projects! Learn more about this in ai for concept testing.
Instead of building a rigid business plan based on speculative projections, DDP encourages teams to identify key uncertainties, design experiments, and refine the strategy as new information emerges. Below is a practical guide to applying DDP in innovation projects. 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.
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.
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?
Artificial Intelligence (AI) is revolutionizing the way innovation professionals approach product roadmapping and strategic planning. This helps you prioritize projects and allocate resources more effectively. For instance, AI can assist in ai for portfolio management by identifying high-potential projects.
Real-world innovation projects rarely happen in isolation. For example, a startup in the renewable energy sector might use the Context Map Canvas to track government incentives, public sentiment on climate change, advances in battery technology, and competitor activity. Strategic roadmapping and resource planning.
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. Create a roadmap for sustainable profitability and growth. 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.
Strategic Goals: A Practical Guide for Strategy Projects Strategic goals are long-term, high-level objectives that define the direction of an organization and guide decision-making. These goals align with the companys vision, mission, and values and provide a roadmap for achieving sustainable growth and competitive advantage.
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!
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. Enable data-driven decision-making Provides a roadmap for continuous improvement. Lead Successful Strategy Projects!
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. Lead Successful Strategy Projects! What is a Balanced Scorecard?
Benchmarking in Innovation Benchmarking plays a critical role in real-world innovation projects by providing data-driven insights that inform both strategy and execution. For example, a company launching a new digital product might benchmark customer satisfaction scores, onboarding time, or feature adoption rates against market leaders.
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?
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.
Mullin’s Seven Domains Model: A Practical Guide for Strategy Projects The Seven Domains Model , developed by John Mullins , is a strategic framework designed to help entrepreneurs, business leaders, and investors evaluate the viability of a new business venture or strategic initiative. Lead Successful Strategy Projects!
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. This post outlines a roadmap that takes you from a baseline state of no A.I. in their work. adoption to a fully autonomous A.I.
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. Lead Successful Strategy Projects! Enhancing customer loyalty programs.
What is Project Planning? Project planning is the process of defining the objectives, scope, deliverables, timelines, resources, and activities required to complete a specific project successfully. Here are the key components of project
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.
For example, AI can streamline ai for rapid prototyping and testing processes, reducing the time and resources required to bring a product to market. This is especially useful in ai for concept testing and ai in product roadmapping , where data-driven insights can guide the development and refinement of new products.
SOAR Analysis: A Practical Guide for Strategy Projects SOAR Analysis is a strategic planning framework that helps organizations leverage their strengths, identify opportunities, define ambitions, and measure results to drive growth and success. Provides a clear roadmap for success Defines measurable outcomes to track progress.
” 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. Most of these projects are concerned with the electrification of end?uses,
Resource Swag : Make sure you’ve got the budget, crew, and tech ready to power your creative projects. Resource Allocation: Be ready to shell out resources—yep, that’s time, bucks, and some cool tools—for your dream projects. Develop a Roadmap: Draft a step-by-step plan that shows how you’re gonna make those ideas fly.
In this article we delve into examples of Discontinuous Innovation, discussing some examples and best practices for its management. Netflix created an entirely new entertainment model and is a textbook example of Discontinuous Innovation. Put a master plan in place for the longer term and prepare a flexible multi-year roadmap.
For further reading on how AI can be integrated into various aspects of innovation management, explore our articles on ai in product roadmapping and ai for portfolio management. For example, analyzing images shared on social media can reveal popular products and emerging trends. Lead Successful Innovation Projects!
It’s built on the foundation of iterative progress, where you can assess and adjust the direction of a project throughout its development. Moreover, learning from disruptive innovation examples can provide a clearer understanding of how agile methodologies facilitate breakthroughs in today’s competitive landscape.
A Business Case is a structured document or presentation that evaluates the merits of a proposed project or initiative. A well-developed business case provides stakeholders with the information needed to make informed decisions about whether to move forward with a project. Leadership is reviewing proposals for capital investment.
Lead Successful Strategy Projects! AI-driven tools can identify strengths and areas for improvement, creating a unique developmental roadmap for each leader. For example, AI can monitor real-time feedback and engagement metrics, allowing you to adjust your coaching strategies on the fly for maximum effectiveness.
It was popularized by McKinsey & Company and has since been widely adopted across industries as a roadmap for growth, adaptability, and strategic foresight. Assess the Current Portfolio Start by reviewing all ongoing and planned innovation projects. Lead Successful Innovation Projects!
In this article, we’ll show you exactly how to create effective AI prompts for product management and provide 25 ready-to-use examples for weaving Planview Copilot into your daily work. For example, “Identify all blockers across teams” or “Summarize progress on our Q3 initiatives.”
More importantly, it projects the problems of today into the future. For example, in economic systems, the assumptions that all people are ‘rational actors’ and that there is ‘perfect information’. I am looking to further explore the applications applied in water, energy and climate work.
This tool is essential in real-world projects for several reasons: It serves as a foundation for product development, ensuring that features are prioritized based on customer relevance. For example, a B2B software company may use the canvas to improve its onboarding product. Use it during product planning or quarterly roadmap reviews.
For example, there are often processes that are specifically designed to eliminate risks and control change. Most of us have heard stories of how Amazon or some other huge company does that, but I’ll share a brief example from Viima. Let’s use Amazon as an example here too.
Financial modeling is particularly essential in innovation projects, where investments must be justified, resources need to be allocated wisely, and potential returns must be clearly understood before execution begins. Financial models in innovation projects help to: Forecast market penetration and customer growth.
Engaging in exercises that visually and mentally push your limits is important to flex your creative muscles, but also help highlight details or changes in a project that you wouldn’t have noticed before. Creative thinking exercises enable you to move away from these solutions and find new ones that meet the specific needs of your project.
Innovation Matrix in Innovation In practical innovation initiatives, the Innovation Matrix helps organizations make strategic decisions about where to invest, where to improve, and how to balance resources across projects and teams. Lead Successful Innovation Projects! Lead Successful Innovation Projects!
As a result, some, often large, companies spend a lot of time and money on basic research or foundational R&D , only to find themselves having a hard time commercializing those projects, until they eventually run out of money or patience. An example of this can be a bet on the wrong technology or ecosystem, like Sony did with Betamax.
Planning and Organizing for Execution A clear roadmap transforms ideas into actionable plans. The software also visualizes risks and contingencies, ensuring projects stay on track. Ezassi’s Pipeline Management Software helps organizations break down implementation into manageable stages, allocate resources, and set realistic timelines.
” 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. Most of these projects are concerned with the electrification of end?uses,
” 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. Most of these projects are concerned with the electrification of end?uses,
It can even push the ideas from good to great and we had a lovely example with a project we did for a global leading paper company. The roadmap we developed with the team generated a raft of exciting ideas, most of which brought new functional benefits into the category.
We organize all of the trending information in your field so you don't have to. Join 29,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content