Category: Product Innovation

It is generally accepted that innovation involves risk.  In the more enlightened organizations it is also clear that failure should be accepted as a consequence of playing the innovation game.  It’s a bit like sport.  You can’t win all the time, but it doesn’t mean that you change the whole team if you lose one game.  Equally, embracing failure is going too far. Of course there are caveats; quite often everybody does most things right in the right way and the right decisions are taken at the right time, but the innovation doesn’t work for reasons outside the company’s control.  I call this “competent failure”.  If on the other hand, the same mistakes are made repeatedly, it’s time to change the team to avoid further instances of incompetent failure. Experience will identify areas where things could have been done differently.  The company should learn from that experience, including mistakes that … Continue reading

Posted in Innovation, Leadership, Product Innovation, Strategy, Uncategorized | Leave a comment

Given the chaotic nature of the fuzzy front end, it is no surprise organizations struggle with identifying sources for promising ideas along with processes for jumpstarting innovation. But it doesn’t have to be such a struggle. I found several tools for making innovation a lot less fuzzy… Continue reading

Posted in Book Review, Design, Innovation, Product Innovation, Uncategorized | Leave a comment

Yannig Roth presents some “PepsiCo” branded open innovation initiatives ane a link to the “The State of Crowdsourcing in 2015″ report, which shares some important insights about the state of crowdsourcing, and how it is used for marketing and innovation by leading companies like PepsiCo. Continue reading

Posted in Case Study, Competitions, Creativity, Innovation, Open Innovation, Product Innovation, marketing | Leave a comment

Getting innovation right is a challenge for most businesses and leaders. There are specific actions an innovation leader can encourage to help guide the organic efforts of their firm. Yet if bad habits or poor execution exist, most of these efforts will fail to produce the step change in sustained innovation results that are the goal. Continue reading

Posted in Innovation, Product Innovation, Strategy | 1 Comment
deepak

Is it a phone? A camera? A GPS device? A movie player? A book reader? A gaming device? When thinking of smartphones the answer could be one of these, a combination thereof or all of them. It depends on the perspective of the user. Continue reading

Posted in Build Capability, Consumer Innovation, Design, Digital, Disruption, Product Innovation | 1 Comment

I’ve read some interesting articles lately which all seem to point to one key conclusion, which is that disruptive innovation is actually what happens to large companies, not something they can plan to do to others. It’s like shareholder value – a dumb idea if that is what drives you. Continue reading

Posted in Build Capability, Disruption, Innovation, Leadership, Product Innovation, Strategy, Technology | 6 Comments
Creating New Products With The Division Technique

You can frequently make groundbreaking innovations simply by dividing a product into “chunks” to create many smaller versions of it. Continue reading

Posted in Design, Innovation, Product Innovation | 1 Comment