Jeffrey Phillips

OCTOBER 7, 2015

Innovation and change destroy complacent, unchanging business structures and models. In every market. Product life cycles are collapsing - I was recently in a conference where a camera manufacturer estimated the average shelf life for a new camera was between 3 and 6 months, or less than half the product development cycle time!

Product Innovation 100

Product Innovation Innovation Industry Disruption 100

IdeaScale

NOVEMBER 5, 2019

Crowdsourcing is a favored method of gathering data for product innovation. Companies use crowdsourcing for product innovation and focus groups for market research to gather the most relevant and useful data. Both can be invaluable in various decision-making stages of product development.

Crowdsourcing 164

Crowdsourcing Groups Data Product Innovation 164

IdeaScale

FEBRUARY 19, 2020

Are you looking for ways to take your innovation strategy to the next level in 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.

Brainstorming 173

Brainstorming Crowdsourcing Conference Product Development 173

Innovation Excellence

FEBRUARY 5, 2019

Social media is incredibly effective for conveying marketing messages and for receiving rapid customer feedback. The effectiveness of social media for outbound marketing activities, i.e. getting the news out about new products offerings, and interacting with customers, is well known.

Tools 92

Tools Product Innovation Marketing Innovation 92

Planview

FEBRUARY 15, 2023

Cross-functional transparency is necessary for three reasons: Helping guide product investment Efficient resource allocation Speeding products to market For example, IoT disruptions and the demand for connected-smart innovations have added a whole new layer of complexity to successfully bring most physical products to market.

Case Study 52

Case Study Product Development Study Collaboration 52

Planview

JULY 15, 2022

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.”

Product Development 52

Product Development Agile LEAN Survey 52

Leapfrogging

DECEMBER 10, 2024

This shift towards an AI-powered business strategy enables you to predict market trends, personalize customer experiences, and optimize operations, positioning your company at the forefront of innovation. Increased Productivity Automates routine tasks to focus on strategy. Product Innovation Identifies trends for new offerings.

Artificial Inteligence 100

Artificial Inteligence Strategy Strategy Analysis 100

Leapfrogging

DECEMBER 10, 2024

The ability to analyze large datasets, identify trends, and predict outcomes has made AI an indispensable tool for businesses seeking to innovate and stay competitive. Strategic Agility: AI’s predictive analytics can help you anticipate market changes and quickly adapt your strategy, ensuring your business remains agile and resilient.

Artificial Inteligence 100

Artificial Inteligence Strategy Strategy Technical Review 100

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. There are a few Dick’s employees with the word “Innovation” in their title and even more employees that participated in this product innovation campaign.

Crowdsourcing 100

Crowdsourcing Company Case Study Development Team Review 100

Corporate Innovation

JULY 26, 2016

While these models of advanced work led to so many innovations and created tremendous broad economic value, though not always to the lab’s corporate owner, it is clear that large scale, insulated corporate research is no longer the most common model for entering new markets or developing technologies of the future.

Product Development 65

Product Development Project Management Groups 65

The Human Factor

APRIL 8, 2021

You’ve come up with a brilliant idea for a product and are ready to take the first steps to make it a reality. Here are 5 steps you should follow for successful product development. . Continuously innovate. The first step to successful product development is, of course, innovation.

Product Development 36

Product Development Strategy Strategy Design 36

Leapfrogging

DECEMBER 10, 2024

AI systems can also identify patterns and insights that may be missed by human analysts, providing a more comprehensive understanding of market dynamics. This level of analysis can lead to the development of innovative strategies that leverage untapped opportunities or mitigate potential risks.

Artificial Inteligence 100

Artificial Inteligence Analysis Technical Review Trends 100

Innovation Excellence

FEBRUARY 14, 2017

Where does this product story start? It begins with Kärcher North America, the market leader in carpet extraction cleaning. The core product line was 15 years old and in need of innovation. Chad McAllister interviews Bill Ott, Executive Vice President of the product development organization at Kärcher.

Marketing 43

Marketing Product Development Innovation Innovation Processes 43

Leapfrogging

FEBRUARY 9, 2024

CVC is often characterized by its dual focus on achieving both strategic returns, such as fostering innovation or entering new markets, and financial returns, similar to those sought by traditional venture capitalists. Moreover, through CVC, corporations can tap into the startup ecosystem , leveraging agility and innovative mindsets.

Strategy 100

Strategy Strategy Technical Review Agile 100

Qmarkets

AUGUST 23, 2023

Whereas disruptive innovation completely transforms the way we use or access products or services, incremental innovation refers to more frequent and iterative improvements to existing products, services, or processes. Examples of Incremental Innovation Incremental innovation can take a lot of forms.

Examples 98

Examples Innovation Disruption Innovation Programs 98

Jeffrey Phillips

MAY 22, 2023

Market evidence will tell you that most of new product innovations fail in the first year. Managers can squeeze out a few more percentage points of profit on existing products without significant risk. Let's get back to doing the important work - innovating products, services, experiences and business models.

Artificial Inteligence 120

Artificial Inteligence ChatGPT Innovation Generative AI 120

BrainZooming

FEBRUARY 12, 2019

An article in The Wall Street Journal about food companies innovating to raise prices features this definition of innovation from Kroger CEO Rodney McMullen: “Creating something I didn’t know I needed is innovation.”. We use early-stage innovation research to ask questions that can help identify product innovations.

Strategy 81

Strategy Strategy Innovation Groups 81

Corporate Innovation

JULY 26, 2016

While these models of advanced work led to so many innovations and created tremendous broad economic value, though not always to the lab’s corporate owner, it is clear that large scale, insulated corporate research is no longer the most common model for entering new markets or developing technologies of the future.

Product Development 40

Product Development Project Management Groups 40

Corporate Innovation

JULY 26, 2016

While these models of advanced work led to so many innovations and created tremendous broad economic value, though not always to the lab’s corporate owner, it is clear that large scale, insulated corporate research is no longer the most common model for entering new markets or developing technologies of the future.

Product Development 40

Product Development Project Management Groups 40

BrainZooming

FEBRUARY 22, 2018

An article in The Wall Street Journal by Paul Ziobro shares an report on how toy manufacturers, including Mattel and Hasbro, are accelerating their new product innovation processes. The brands want to capitalize on market growth stemming from toys tied to popular social media themes. Listening to the Market in Multiple Ways.

Development Team Review 68

Development Team Review Strategic Thinking eBook Trends 68

Innovation Excellence

DECEMBER 15, 2015

Capacity planning is standard for manufacturing, but many companies don’t diligently capacity plan their new product development (NPD) pipeline, and some expect managers to just “figure it out”. Later, they wonder why their projects are consistently late or miss target market windows. Continue reading →

Product Development 40

Product Development Project Marketing Management 40

Innovation Excellence

DECEMBER 21, 2016

What’s in your toolbox for conducting consumer and market research? To explore the topic and walk through an example of using Conjoint Analysis, I tracked down the market research tool master Brian Ottum, who has 30 years experience in new product development. Does it include Conjoint Analysis?

Analysis 40

Analysis Management Product Development Marketing 40

Yet2

MAY 28, 2019

de Chabot-Tramecourt explained to the audience how innovation has changed at Janssen over the years and how they handle the specific challenges of: Higher regulatory requirements. A conservative market. Geoffrey de Chabot-Tramecourt, Janssen PMP, presenting at NPD and Innovation in the Chemical Industry Conference.

Industry 58

Industry Trends Conference Open Innovation 58

InnovationManagement

MAY 14, 2019

Most marketing professionals understand that insight into the hearts and minds of your customers is central to successful product innovation. Who is going to buy my product first? The post Taking an Audience-Centric Approach During the Tech Adoption Lifecycle appeared first on Innovation Management.

Product Innovation 48

Product Innovation Innovation Management Marketing Management 48

eZassi

MAY 27, 2022

How do the major companies’ research and development teams build and manage a portfolio of innovative products while ensuring long-term market success and consistent brand loyalty? Utilize Open Innovation for R&D. The ‘Connect and Develop’ model embraced by Alan G.

Industry 52

Industry Ideation Open Innovation Innovation 52

Innovation Excellence

NOVEMBER 13, 2015

An old marketing adage is that half of a company’s advertising is effective, we just don’t know which half. A similar conundrum faces innovators and product developers, with the best companies finding success with about half of the products they create (and the odds are much worse for average companies).

Product Development 40

Product Development Innovation Marketing Company 40

Legacy Innovation Group

APRIL 1, 2019

Seven Roads of Innovation–Based Growth. It might be a matter of finding new markets, even creating new markets, or just finding new space in your current markets through new technology and products. ROAD #1 — PRODUCT INNOVATION & BUSINESS MODEL INNOVATION. And it's unrelenting.

Innovation 40

Innovation Marketing Technology Disruption 40

Steve Blank

MARCH 11, 2015

Startups have finite time and resources to find product/market fit before they run out of money. They’ve found product/market fit (what products customers want to buy). They’ve learned the best distribution channel to get the product from their company to the customer.

LEAN 46

LEAN Culture Agile Product Development 46

Innovation Excellence

DECEMBER 27, 2015

When moving a new product or service through the development cycle, there are generally four outcomes a New Product Development (NPD) team can expect. It may seem counterintuitive, but one of the positive outcomes does not result in revenue – or even a product – and organizations must learn to embrace this notion.

Product Development 40

Product Development Learning Product Innovation Marketing 40

IM Insights

MARCH 17, 2022

The aggregate or business level doesn’t help when the product is still being developed, Product/Market-Fit is not yet established, a profitable channel is still to be determined, and so on. (11:00) 15:00) CAC over LTV is fundamental to understanding product performance and analysing specific customer segments.

How To 52

How To Underperforming Technical Team Case Study Entrepreneurship 52

Board of Innovation

JUNE 6, 2022

What’s next for consumer products Innovating for new moments in consumer journeys. Putting digital-first up-front in the design process, rather than having it as an after-thought, can decrease the cost and reduce the risk of product development and omni-channel launch.

Underperforming Technical Team 52

Underperforming Technical Team Video Design System 52

Innovation Excellence

APRIL 20, 2017

Be clear with your product marketing! Be clear with your product marketing. The solution then is not your product or its technical. Many companies and people confuse what they mean when discussing Value Propositions, Benefits, and Features.

Marketing 50

Marketing Company Product Development Product Innovation 50

Brunner

AUGUST 12, 2020

It’s a process of watching hashtags, keywords and digital engagement to identify trending topics and monitor brand sentiment, and roughly 70% of local businesses use it to better understand their customer segments, according to a joint survey from the Atlanta Business Chronicle and marketing agency Brunner.

Analysis 40

Analysis Tools Data Artificial Inteligence 40

Collective Innovation

AUGUST 14, 2017

This can include information about the company internally, customer information, market information, sales velocity, competitive information and numerous other metrics. When used correctly this data can allow companies to reasonably predict the outcome and validate their decisions while still moving quickly and innovating.

Survey 40

Survey Artificial Inteligence Data Analysis 40

helloFUTURE

FEBRUARY 5, 2023

The crisis began in the United States, where a housing market bubble burst, causing home prices to plummet and many homeowners to default on their mortgages. In 2008, the world experienced a severe financial crisis. This led to a crisis in the banking and financial sector, as many banks held toxic mortgages on their books.…

Management 52

Management How To Ideation Marketing 52

hackerearth

OCTOBER 16, 2017

For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Once a well-defined innovation strategy that aligns with business goals is in place, the next step will entail managing it effectively.

Innovation Management 40

Innovation Management Technical Review Management Software Review 40

hackerearth

OCTOBER 16, 2017

For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Once a well-defined innovation strategy that aligns with business goals is in place, the next step will entail managing it effectively.

Innovation Management 40

Innovation Management Technical Review Management Software Review 40