Innovation Excellence

FEBRUARY 28, 2019

The two most common product development metrics are R&D spending as a percent of sales and revenues from new products over time. There’s no linear relationship between R&D spending and new product success. These metrics, although necessary to track, do not predict a result.

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Product Development Examples Company Product Innovation 80

Exago

MAY 15, 2019

The post The 7 stages of NPD and how to effectively manage product innovation appeared first on Exago. NPD typically comprises 7 stages, from the initial idea through to its introduction on the market, and can be aligned with good idea management practices.

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Product Innovation Management How To Idea Management 127

Planview

JANUARY 22, 2024

As we welcome the new year, we asked our team of product innovation experts and thought leaders to identify trends they’re seeing across the industry and within our customer implementations. Trend #1: Greater Financial Scrutiny on New Product Development Balanced Against Innovation Opportunity While the U.S.

Product Development 69

Product Development Innovation Management Management Trends 69

Jeffrey Phillips

OCTOBER 7, 2015

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! However, product innovation is easy to do, easy to copy and will require constant updating.

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Product Innovation Innovation Industry Disruption 100

Innovation Excellence

JANUARY 12, 2020

Through our hands-on work with clients, we have developed a lean product development process. However, we have incorporated selected practices from the agile toolkit to enhance innovation and speed products to market. The beauty of this process.

Product Development 70

Product Development LEAN Agile Innovation 70

IdeaScale

JUNE 22, 2017

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. The concepts that started in the ideation program are now being reviewed by the product development team for potential implementation.

Crowdsourcing 190

Crowdsourcing Company Case Study Development Team Review 190

IdeaScale

APRIL 14, 2021

Before being “open” as in open innovation, research is conducted internally within a company to privately create and manage inventions and new advancements before sharing them with the world. Social Innovation. Product Innovation.

Radical Innovation 264

Radical Innovation Open Innovation Innovation Social Innovation 264

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. Both are valuable.

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Crowdsourcing Groups Data Product Innovation 164

helloFUTURE

JUNE 19, 2023

Companies must continually innovate in the dynamic business world to meet consumer demands and remain competitive. However, in an era marked by increasing awareness of our impact on the planet, product development can no longer occur without consideration of environmental and social sustainability.

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Product Development Innovation Competition Meeting 52

Planview

FEBRUARY 15, 2023

Improved Efficiencies Help Conagra Brands Speed Global Product Transfer New competitors, the growth of nontraditional retail outlets, and tech advancements in the industry made it imperative to transform how Conagra Brands , home to the world’s longest-standing food processing companies, did business. And this is only the beginning.

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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

helloFUTURE

OCTOBER 16, 2023

The Agile methodology, with its roots deeply embedded in software development, has become synonymous with adaptability, responsiveness, and continuous improvement. But in today’s fast-paced world of innovation, can these principles be applied effectively outside of software, especially in the realm of tangible product development?

Product Development 52

Product Development Agile Software Software Developers 52

IdeaScale

FEBRUARY 19, 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. Crowdsourcing is a great way to assemble data for product innovation.

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Brainstorming Crowdsourcing Conference Product Development 173

helloFUTURE

JULY 17, 2023

Every click, every swipe, and every interaction generates valuable information that, when harnessed correctly, can offer deep insights and drive innovation. In product development, data and analytics can be a game-changer. In today’s increasingly digital world, data is the new gold. …

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Product Development Data Innovation Company 52

Innovation Excellence

FEBRUARY 5, 2019

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. Social media is incredibly effective for conveying marketing messages and for receiving rapid customer feedback.

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Tools Product Innovation Marketing Innovation 92

helloFUTURE

AUGUST 15, 2023

The product development journey is an intricate dance between groundbreaking innovation and continual iteration. In a rapidly evolving marketplace, product managers, innovators, and entrepreneurs often find themselves at crossroads, contemplating whether to bring forth something entirely new or refine what they already possess.

Product Development 52

Product Development Innovation Management Project 52

Innovation Excellence

FEBRUARY 18, 2019

Each platform has its own development team, its own Program Manager and its own Project Manager. Scenario: A technology company is creating a consumer electronics solution that involves hardware, software and web components. Three separate teams, located in different parts of the company’s facility, create three platforms.

Product Development 68

Product Development Meeting Software Project 68

Idea to Value

JUNE 11, 2020

00:12:00 – How digital product innovation has changed over the past 10 years. 00:16:30 – Innovation labs were a place where nothing got done. 00:20:45 – What it takes for a digital product to succeed. Design sprints are a step by step system for bringing a group of people together to solve big problems.

Design 195

Design Groups Product Innovation Engagement 195

Jeffrey Phillips

MARCH 15, 2016

We've even got separate names for the different activities: "fuzzy front end" where ideas are generated, and "new product development, or NPD" for the activities where the ideas are converted into products. But eventually companies and individuals mature, and their innovation production should broaden and meet expanded needs.

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Underperforming Technical Team Product Development Innovation Product Innovation 100

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.

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Product Development Strategy Strategy Design 36

Corporate Innovation

JULY 26, 2016

There are always new initiatives at every corporation that test the opportunity to build new businesses in new markets and introduce new product innovations (Horizon 2) in an effort to extend existing business models. The corporation must learn to execute in these new areas to stay successful.

Product Development 65

Product Development Project Management Groups 65

helloFUTURE

APRIL 17, 2022

In short, the theory suggests that all conflict is based on envy – you can think about it as an expanded “keeping up with the Jones” – all of our drives and… The post How To Leverage Mimetic Theory For Product Innovation appeared first on IDEATE + EXECUTE.

Product Innovation 52

Product Innovation How To Ideation Innovation 52

IdeaScale

JUNE 22, 2017

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. The concepts that started in the ideation program are now being reviewed by the product development team for potential implementation.

Crowdsourcing 100

Crowdsourcing Company Case Study Development Team Review 100

helloFUTURE

JULY 31, 2023

In today’s innovative environment, UX has emerged as a pivotal component of product development, driving success in various ways.… However, a good design isn’t just about aesthetics or functionality; it’s about creating a positive user experience (UX).

Product Innovation 52

Product Innovation Product Development Design Innovation 52

Jeffrey Phillips

AUGUST 2, 2019

I've been struck by the importance of two rapidly converging forces - digital transformation and new product innovation. As we've discussed, here and elsewhere, ad nauseam, there is increasing demand for new products and services, making stretching the capacity of tenuous innovation processes and teams.

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Data Innovation Product Development Examples 142

Innovation Excellence

JANUARY 28, 2019

Susana Jurado is Head of Innovation Portfolio-Product Innovation at Telefónica since 2015.

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LEAN Product Development Innovation Groups 80

InnovationManagement

JANUARY 5, 2017

In this article, Product Innovation Manager Alex Igor Sanghikian discusses the Adjacent Possibilities framework for product management. By exclusively focusing on your persona’s one main need and trying hard to fulfill that need with your product, you can build the next feature with a more focused vision.

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Product Innovation Design Thinking Design Innovation Management 42

Innovation Excellence

APRIL 7, 2016

The TRIZ approach and best practices such as the Stage-Gate Process can greatly benefit each other. These approaches are not rivals, but rather can be used to amplify each other’s successes. Continue reading →

Product Development 40

Product Development Innovation Product Innovation Tools 40

Leapfrogging

DECEMBER 10, 2024

The progression of AI technology has led to its adoption in several key areas of business strategy, including market analysis, customer service, operational efficiency, and product development. By integrating AI into new product development, you can enhance your company’s ability to deliver cutting-edge solutions.

Artificial Inteligence 100

Artificial Inteligence Strategy Strategy Technical Review 100

Leapfrogging

DECEMBER 10, 2024

Increased Productivity Automates routine tasks to focus on strategy. Product Innovation Identifies trends for new offerings. Implementing an AI-driven business strategy can significantly enhance your company’s ability to innovate and remain competitive.

Artificial Inteligence 100

Artificial Inteligence Strategy Strategy Analysis 100

Open Innovation EU

FEBRUARY 4, 2016

New Product and Development Service Process (Hauser). New Product Development Front End (Khurana). Revolutionizing Product Development (Wheelwright & Clark). New Product Development Funnel (Katz). Open Innovation (Chesbrough). Open Innovation Kick-Start Approach (AT Kearney).

Crowdsourcing 81

Crowdsourcing Innovation Open Innovation LEAN 81

Innovation Excellence

OCTOBER 2, 2016

I enjoyed watching Pixar’s “A Bug’s Life” when it was released in 1998 and have more recently re-watched it with my kids. I was amazed at the character animation and quickly pulled into the story line when I first saw it. What I didn’t expect was the reflective advice it would provide on leadership and management,

Product Innovation 40

Product Innovation Management Leadership Innovation 40

Corporate Innovation

JULY 26, 2016

There are always new initiatives at every corporation that test the opportunity to build new businesses in new markets and introduce new product innovations (Horizon 2) in an effort to extend existing business models. The corporation must learn to execute in these new areas to stay successful.

Product Development 40

Product Development Project Management Groups 40

Corporate Innovation

JULY 26, 2016

There are always new initiatives at every corporation that test the opportunity to build new businesses in new markets and introduce new product innovations (Horizon 2) in an effort to extend existing business models. The corporation must learn to execute in these new areas to stay successful.

Product Development 40

Product Development Project Management Groups 40

Sopheon

DECEMBER 6, 2022

The food and beverage industry is one of the most interesting and competitive industries when it comes to innovation and new product development. I recently joined Stefan Gates on the Food Matters Live podcast to discuss the latest in food and beverage innovation and new product development.

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How To Product Development Competition Innovation 52

Sopheon

NOVEMBER 23, 2022

Last week, Sopheon took part in the Inspire Innovation Conference in Orlando, hosted by PDMA — Product Development & Management Association — a global association of innovation management professionals.

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Conference Company Product Development Innovation 52