In 2005, Jim Jannard (founder of Oakley) set up a company called RED Digital Cinema, with the specific aim of creating a ultra-high definition digital camera which would be as good as the 35 mm film cameras. This very successful strategic move that changed the 100 year-old cinematographic cameras industry is analyzed here through the logic of Blue Ocean Strategy - a theory grounded in the concept of value innovation.
A couple months ago I laid out the framework for the most common challenges companies face as they get started with their social product innovation initiatives. The most common challenges fall into five main buckets – strategy, people and culture, business processes, technology and sustainability. So let’s take a deeper look at typical sustainability challenges and some ideas for overcoming them.
Internal and external communities can bring real value to your organization by providing ideas and feedback for the innovation pipeline. Amy Kenly takes a look at several leading practices companies should consider when managing or participating in these communities.
Recent data from the Industrial Research Institute (IRI) shows a sharp rebound in planned R&D spending. After the past few years of operating with reduced budgets and staff, companies are finally starting to make the R&D investments they need to ramp up the innovation and product development activities that will help them achieve their growth goals.
The most common challenges companies face as they get started with the application of social models and technologies to innovation and product development fall into five main buckets – strategy, people and culture, business processes, technology and sustainability. In this post I will take a deeper look at the typical challenges around people and culture during a social product innovation initiative, and some ideas for overcoming them.
A couple weeks ago I laid out the framework for the most common challenges companies face as they get started with their social product innovation initiatives. The most common challenges fall into five main buckets – strategy, people and culture, business processes, technology and sustainability. So let’s take a deeper look at developing a social product innovation strategy, the typical challenges and some ideas for overcoming them.
My next few blog posts are going to be deep dives into the strategic challenges companies face when implementing social product innovation. But before I drag everyone down into the challenges, I wanted to share some great success stories.
