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Innovation Funnel Management System: The Secret Tool to Drive Innovative Product Development in Your Business

Leapfrogging

This is a process I’ve taught businesses to implement for more than 25 years, helping some of the world’s biggest businesses develop their innovation processes. The Innovation Funnel Management Process helps narrow down ideas from an innovation process or project into a realistic plan of action and next steps. .

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Strategies for Making Knowledge Management Part of the Innovation Process

Sopheon

New product development isn’t just forward-looking. It’s also important to utilize knowledge management from previous projects to make the best possible decisions. The post Strategies for Making Knowledge Management Part of the Innovation Process appeared first on Sopheon.

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The future of sustainable product development: Looking at innovation governance

Sopheon

McKinsey also notes that an unprecedented amount of capital will transfer to projects, products, and companies committed to net zero efforts. With this backdrop, it’s fair to assert that companies, no matter their product offerings, must make sincere and significant efforts to ensure their innovation processes include sustainability.

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What Did the Pandemic Teach Us About New Product Development?

Planview

In this post, you will find questions and answers from an incredibly timely and informative webinar that provided crucial new product development best practices based on lessons learned from the pandemic. In his paper on Accelerating innovation, Dr. Cooper makes the case that “firms can respond quickly and pivot with innovations.”

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Innovation on Steroids: Next Generation AI-Powered Phases and Gates

Leapfrogging

From its inception to the current state, the processes governing the development of new products and services have continuously evolved to incorporate new methodologies and technologies. Traditional Phases and Gates Processes Traditionally, the phases and gates model has been a cornerstone in structuring innovation management.

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How to Speed Up Your New Product Development Process by 30%

Innovation 360 Group

A new product development process that works at lightning speed requires new ways of working plus new ways of innovating. In this post we will cover how to: Cut your development cycle time and free up working capital. The fastest growing companies interpret innovation through multiple lenses.

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How Corporations Can Manage New Ventures and University Projects as Extensions of their Advanced Product Development

Corporate Innovation

And they try to gain access to the startups, the university teams, and their innovations by acquiring them, or by making venture style investments in them. In this manner, companies are now more symbiotic with new ventures and university research projects than ever before. new ventures) and/or technical projects in universities.