Why Your Innovation Process is a Recipe for Failure
Having a process for the front end of innovation is necessary but not sufficient. It also requires proper levels of funding, and a governance structure to support it. In this article, we'll look at how these aspects tie together, and how your company can support your full innovation lifecycle.
Digital Transformation and Its Impact on New-Product Management for Manufacturers
For the manufacturer undertaking new-product development, Digital Transformation means smart new products with embedded software. Digital products in turn require software and hardware development teams to work together – a hybrid project – which ultimately leads to combining software development methods with the more traditional gating process that manufacturers use.
ODI Practitioner Insights: An Interview with Marco de Polo from Roche Diabetes Care
It is quite rare for a company to open up and offer a true and detailed insight into their unique practices and experiences on their path to becoming more customer-centric. However, Marco de Polo from Roche Diabetes Care does exactly this in this interview with Martin Pattera.
Landscape Monitor for Startups
Entrepreneurs deal with high levels of uncertainty; probably more than any other business. The more disruptive the startup, the higher the level of uncertainty. Will the customers buy? How do we reach them? Will we be able to sell at a profit? Will our partners do their part? Who is out there that we can learn from? Are there threats that we are unaware of?
He-Man can Teach You Powerful Lessons about how to Successfully Manage Continuous Innovation
The whiplash journey of Mattel’s beloved kids’ toy range perfectly sums up the fundamentals and key challenges of managing continuous, successful corporate innovation.
Design Thinking: A Social Technology That Fosters Innovation
Enterprises need to innovate to stay relevant amidst technology advancements, a competitive business environment and demanding customer expectations. Design Thinking shows the way.
The Boring Parts of Digital Innovation, or 3 Reasons Why Testing Matters
When it comes to innovation in an enterprise setting, the majority of attention usually goes to all the exciting things. The bold ideas, the grand technological possibilities, the potential benefits of digital and structural transformation, the trailblazing.
Strategies for Innovative Resource & Liability Management
Organizations maintain and manage many different kinds of resources. Managing them can get complicated, considering all of their components and the potential risks that they bring. Not only do they have to be allocated properly, but there need to be safety nets set in place for potential mistakes and legal consequences.
Do You Know Your Company’s Implementation Rate?
With the rise of the innovation department, numerous organizations are focusing their attention on their company’s ideation rate. A good ideation rate generally predicts other positive company health indicators: profitability, higher employee retention rates, reported customer success, but there’s another innovation health indicator that we think organizations should pay attention to: their implementation rate.
Drive Innovation by Disrupting the Existing Management Norms
Before being acquired by Facebook for US$1 billion, Instagram was just another photo-sharing app operating with insignificant infrastructure and a dozen employees. With the ever-increasing potential of modern technology, the next billion-dollar business could start from the comfort of someone’s home. To stay on top, established organisations need to stimulate innovation... and that’s our topic today.
The Power of Crowdsourcing as a Service
The Food and Drug Administration in the US has a lot of responsibility to protect and advocate for consumers. And one department in the FDA, the Center for Drug Evaluation and Research (CDER), regulates over-the-counter and prescription drugs, including biological therapeutics and generic drugs.
Digital Factory of the Incumbent: Software of the Mind
This paper was originally published on smartinsights.com, the 11th of September, 2018. Republished here with permission from the author.
Technological changes are one of the leading advocators to shape customer value. They are characterized by a process of social technological variations, rooted in different disciplines e.g., economics, sociology, and psychology.
Taking an Audience-Centric Approach During the Tech Adoption Lifecycle
Most marketing professionals understand that insight into the hearts and minds of your customers is central to successful product innovation. But which customers? Who is going to buy my product first? What happens after that? How can I eventually grow my customer base to one billion people?
Identifying the Links in Supply Chain Management
In this article, we'll explore what supply chain management is, what supply chain management software does, and the advantages and disadvantages of its processes.
An End to In-House Innovation
The modern world is constantly moving forward, and at an ever-increasing pace. The rate of change is highly influenced by the rate of technological development.
What can Process Automation do for Your Business?
As they say, there is a time and place for everything, and that goes for implementing process automation in your business as well. Automation can be very productive. However, not all processes are meant to be automated. Want the details? Keep reading.
How Will Consumer Products Change in the Next Decade?
Our products have come a long way in 100 years. Looking back at 1918, the most popular toy in that decade was Lincoln Logs, this year, the most popular toy to get your kid for Christmas is the Kano Harry Potter coding kit.
4 Stages for Innovation Refinement
If you’re in charge of innovation, it means that you’re constantly being surprised. Not just because technology and trends are emerging that are impacting your business in new and unexpected ways, but almost every project that you’re working on continues to evolve and improve over time.
The Six Step Innovation Lifecycle
Innovation isn’t a one-time project. It’s a continuous activity. Which is why we are seeing numerous organizations adding an innovation department to their company infrastructure. In fact, in a recent survey of our client base, we were surprised to learn that almost 40% of our customers operate out of a dedicated innovation group.
Security and Innovation Management
Systems security is one of the top five concerns for business executives this year. In the past two years, we’ve had some very troubling and very public data breaches of systems that we use every day. So it’s no wonder that the government (and other sectors) are prioritizing security for cloud software this year. But why are they doing it? Well, there are four key reasons that security matters for innovation management systems in particular:
The Innovator’s Dilemma: Lessons from Kodak
I guess everyone knows the tragic story of the EastmanKodak Company: founded in the 19th century, dominating the photographic film market during most of the 20th century and finally collapsing into bankruptcy in the early 21st century, shaken by a new technology they had once decisively initiated.
How to Make Your Design Thinking Program Turn Into Something Real
Why do a large part of the design thinking projects in the corporate world never pass through the prototype phase? In recent years I’ve been involved with many design thinking initiatives. Many of them related to the development of new products inside large companies in industries such as finance, health, education and consumer goods.
How Business Intelligence Software can Help you Increase Operational Efficiency
Business Intelligence software is an essential tool for analyzing your company's strengths and weaknesses. From inventory management, to accounting, to customer intelligence and beyond, there are many ways you can use BI software to inform your decision-making, increase operational efficiency, and gain a competitive edge.
Unlocking the One Trillion-Dollar Sustainable Innovation Opportunity
Last week Unilever announced research showing that one-third of consumers now purchase its brands based on their good social and environmental performance, but went on to suggest that brands are missing an opportunity from not promoting sustainability effectively. Getting this right could unlock a further $1trn market opportunity for sustainability innovators.
4 Things to Think About When Creating Your Innovation Roadmap
This time of year is full of meetings with leadership and teams in order to help them prepare for the year ahead. People discuss financial goals, sustainability goals, profitability targets, customer success metrics, and more, but there are also numerous research & development teams out there who are coordinating their annual innovation strategy who struggle in their process to create a cohesive innovation strategy.
Industry 4.0 and the Internet-of-Things (IoT): Learning from the German Chemical Industry
The keyword “Industry 4.0” is no longer an empty cliché or a black box; it is currently probably the most important topic within the German economy. Not only will existing processes be revolutionized – but also new businesses and business models will arise. More and more companies have already started to tap into its potential.
Scaling: How to Slay the Entrepreneurial Dragon
If you’re reading this, then you probably know the feeling - You’ve reached a certain point in your company’s growth where everything is looking good: you have the right people, the right product, and everyone is happy. Then, you realize that this comfort isn’t going to last forever. Scaling up is a scary step, because it’s easy to be too ambitious and undermine the progress you’ve already made.
7 Steps to Platform Transformation – Part I
Too many notes, Mozart was once told. Too many ideas, we might say today. The culture of innovation is awash with idea generation and its sidekick, fail-fast fail cheap innovation. Worse, we need a culture of transformation not just innovation. Accenture recently reported that 81% of executives they interviewed see platforms as central to their strategy over the next three years.
A Strategically-Focused Innovation Process
Many people assume that creating new ideas is the beginning of the innovation process, but actually that’s not true, according to Langdon Morris. He explains that ideation occurs in the middle of a disciplined, strategically-focused innovation process. In this article, he outlines an 8-step innovation process that promises better results than the traditional 'spray and pray' approach to developing and managing ideas.
Creativity: Start from Scratch Conceptually
Business, governments and individuals can easily become bogged down by procedures and processes that harm efficiency and kill innovation. The obvious solution is to start from scratch. Here's how to do it, according to Jeffrey Baumgartner.
How to Design a Provocative Creative Challenge
If you want creative ideas, you need to invest your creative energy not in ideas, but in understanding the problem and formulating provocative challenges, instructs Jeffrey Baumgartner.
Product Innovation: Unifying People, Processes and Tools
Product innovation is not simply about generating new ideas. It is a complex process, and many organizations struggle with the design and implementation of an effective innovation strategy that yields measurable results over the long-term. Sustained growth and profitability can be achieved through the integration of three critical levels: People, processes and tools.
How Next-Generation Social Technologies can Help Drive Innovation
Product innovation is about developing and delivering the “next” product or service-to-market quickly and cost-effectively. A well-managed innovation process that meets customer demands for new and unique products and services can contribute to creating a competitive advantage and business growth. Organizations can improve their innovation processes through the use of next-generation social technologies, says Catherine Constantinides.
An Open Innovation Reference Framework: Reducing Innovation
Can we bring an open collaborative spirit to understanding, describing and prescribing innovation methods? Paul Hobcraft and Jeffrey Philips believe we can and that it will greatly simplify the innovation process.