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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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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

Innovation is ready for those accelerating and being fully committed to their 4IR journey. Then innovation can finally play its true part in discovering, leveraging and delivering new value and impact. We have to recognize the days of simple product innovation are dwindling. Innovation emerges out of the Industrial 4.0

Industry 222
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Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

Equally the nature of much of production has been designed “on the fly” and the equally tough job of connecting the whole process up in a new integrated, fully connected system meets huge resistance. The system complexity, understanding and investment delays are often huge and difficult to unwind.

Industry 213
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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

In particular for industrial products this, in turn, has been stimulated by maturing 3D printing technologies. Operating in unpredictable environments relies on an agile organization , following an adaptive, evolutionary and more bottom-up approach, resembling complex adaptive systems, e.g. in biology.

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Why platforms and ecosystems matter for innovators

Jeffrey Phillips

In other words, when the market was new and emerging, discrete products that met basic needs were valuable even when an ecosystem or platforms didn't exist. Today there is no preferred standard - different companies are exploring different versions of mapping, sensors and command systems for autonomous cars. Which is more important?

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Choosing your direction of travel

Paul Hobcraft

The thinking through on the contribution around innovation needs to be changed. Yet this seems emerging, one that can be a prelude to opening-up a far more cross-disciplinary field that studies molecular materials, structures and systems and their application to real-word problems than any one company possesses the complete insight to own it.

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Building upon the four essential pillars for innovation

Paul Hobcraft

The innovation architecture is progressively being recognized and put into place, it’s forming the building blocks of the innovation platform we need to build upon, ones for more radical innovation outcomes. So the article “ Want to Win at Business Model Innovation?