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Eating your own dog food

Idea to Value

This is often referred to as “eating your own dog food” The origin of the term is disputed. In normal business, eating your own dog food refers to using your own products, such as by testing them internally or using them as part of your normal business operations. The good as well as the bad.

Software 269
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Potemkin villages and faking innovation

Idea to Value

As a result, a Potemkin village refers to something which is just a facade, to make something look more successful than it is in reality. So be careful of being too deceptive in how well your own innovation projects are doing.

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The Innovation Valley of Death

Idea to Value

At this stage, no party is investing the minimum level for development to continue, and projects often have to stop due to lack of funding. Now, this does not mean it is impossible for projects to get through this valley. Or alternatively, progress much more slowly than before.

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Anchoring: The bias which affects our ability to estimate & negotiate

Idea to Value

It refers to our tendency to rely too heavily on the first piece of information we receive when making a decision, even if that information is irrelevant or of little value. It is also a reason why so many estimates for innovation projects (and in fact plans for all projects ) can be so wrong.

Study 274
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Using a “budget pool” to reduce the cost of innovation

Idea to Value

This way, more projects can be tested at lower costs, with only the ones with validated potential getting further funding to continue. But how do you actually reduce the costs of the projects in the first place? However, innovation projects are almost impossible to plan in the same manner.

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How to Select Your Best Value Innovation Project – The Secret is in a Well-Managed Product Project Portfolio!

InnovationManagement

The world of innovation has a very broad definition: It’s often referred to as an information technology innovation. How you select your best innovation project is undoubtedly a starting point! The post How to Select Your Best Value Innovation Project – The Secret is in a Well-Managed Product Project Portfolio!

Project 76
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Innovation Passion led me here

Paul Hobcraft

There is no one “magic” reference point, simply one book to refer to, or certainly one visual that solves our needs. One that projects out in new, exciting, and different ways. One that projects out in new, exciting, and different ways. No magic bullets in innovation work.