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Product Innovation: A Complete Guide to Strategy and Process

Qmarkets

Without a focused approach, product innovation becomes a gamble instead of a growth strategy. This guide explains product innovation, how it differs from other forms of innovation, and what it takes to develop a winning strategy. What Is Product Innovation?

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Message to the Board – We Need to Talk about Innovation

Destination Innovation

Innovation should be a regular topic item on the agenda of company board meetings. If you have not had a fundamental conversation about innovation with your key corporate stakeholders and senior executives then these are some of the questions and topics to discuss at the first such meeting. Where are we headed?

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SMART Metrics Template for Business Strategy

Leapfrogging

Get instant strategy processes Get expert tools & guidance Lead projects with confidence Learn More Getting Started with the SMART Metrics Template To develop an effective SMART Metrics framework , organizations should focus on setting goals that meet the Specific, Measurable, Achievable, Relevant, and Time-bound criteria.

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Context Map Canvas Template

Leapfrogging

Below is a step-by-step guide to using this tool effectively in innovation projects. This could include: Scoping a new product innovation in a specific region or sector. Reference it during innovation planning meetings. Preparing for strategic planning or scenario development.

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Measuring Innovation Performance

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.

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Product innovation is hiding in your customers’ problems — here’s how to find it

Sopheon

I hear this a lot in product meetings: “You know what we need to do?” Here’s why: A product without a problem isn’t product innovation. A cool idea, perhaps, but not a product. Before the conversation goes a sentence further, I’ll ask, “What problem are you trying to solve?”

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The Innovation Sophistication Index

Destination Innovation

This is the Launch phase where the need for innovation is recognised but not much has been achieved so far. They believe that they need to be more innovative but are so busy meeting the needs of customers that they have not made innovation a priority not allocated the necessary resources and commitment to make it happen.