Category: Product Innovation

How to Successfully Introduce New Innovations to Customers - Innovation Excellence

Introducing new technology and innovations is a delicate process — especially outside of traditionally tech-oriented industries. Here are three approaches I have found to be successful in keeping customers interested in innovations without overwhelming them. Continue reading

Posted in Innovation, Product Innovation, Profiles of Innovators, marketing | Leave a comment
Measuring Innovation, Part 2/3: The Criteria for a Good Innovation Index - Innovation Excellence

This article is the second in a series of three articles discussing measuring product innovation. Continue reading

Posted in Build Capability, Competitions, Disruption, Innovation, Product Innovation, R&D, Technology | 1 Comment

In innovation, the process equals New Value Creation. This process of creation is non-linear, even iterative, insights-based, and way-finding, a process of discovery, not optimization. Sometimes, it can be like playing the children’s game Chutes and Ladders… Continue reading

Posted in Consumer Innovation, Innovation, Processes & Tools, Product Innovation, Psychology, Social Innovation | Leave a comment
Measuring Innovation, Part 1/3: Why is Innovation Important, and How do we Measure it Today? - Innovation Excellence

This article is the first in a series of 3 articles discussing measuring product innovation. Continue reading

Posted in Build Capability, Innovation, Management, Product Innovation | 1 Comment
Innovation and Introduction to TRIZ Theory for New Product Development Process - Innovation Excellence

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

Posted in Build Capability, Innovation, Innovation Perspectives, Processes & Tools, Product Innovation, Uncategorized | Leave a comment
We Need Actionable Intelligence Not Artificial

Why was the best performing stock in the S&P 500 compared to a flywheel? What is the flywheel model for growth? Why is data critical to high performance? What has changed to make data accessible and actionable for any firm? By mastering data and embedding intelligence into its organization and innovation any firm can now aspire to become a high performer, no matter how modest its past or unfashionable its sector. Continue reading

Posted in Product Innovation, Strategy, Technology, marketing | Leave a comment
Calling All Engineers: Beyond Form, Fit and Function for Formulated Products

Like most engineers, I learned about rules of interchangeability back in school. These rules help companies decide whether a product change should require a new item number or simply a revision of the same item number. The standard “form, fit and function” (F/F/F) definition has served the needs of discrete manufacturers well for a long time. But what about formulated products? Continue reading

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