Tag Archives: NPD

Premature Innovation

Prevailing business culture these days is obsessed with speed. People are obsessed with fast prototyping, failing fast, and getting to market fast. But too often people don’t stop to think whether their innovation efforts are going too fast. It’s almost as if the word premature is fast becoming as taboo in the boardroom as it is in the bedroom.

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Staging an Innovation Party

Have you ever woken up in a cold sweat in the middle night from a nightmare focused on you throwing a big party that nobody comes to? Or, in real life, have you ever thrown a big launch party for a new product or service, made a lot of noise with advertising, marketing and public relations – only to have the sales returns be anemic at best?

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Quick Win Innovation

Whenever people talk about innovation they tend to focus on the major break-throughs and category-changing product launches such as Dyson, Apple iPod and Google. These are known as disruptive innovations. It’s all very exciting to be groundbreaking and cutting edge – and, of course, everyone would love to be the company that launches the next big thing in their marketplace. But, this can also be problematic.

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The Principles of Lean Innovation

James P. Womack, co-author of Lean Thinking defines Lean as "Creating ever more value for customers with ever fewer resources". In this way, the professionals already have the "lean tools" as available resources, and now they can to apply in the process of Innovation. Nowadays this practice is very common in many manufacturing companies around the world.

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Your Innovation Portfolio is Precious

Strategy is about resource allocation. So is innovation, and portfolio management (PM) is one proper practice of investing resource according to your innovation strategy. Robert G. Cooper is a master in portfolio management. He has defined 10 best practices and 4 guidelines for portfolio management for new products: Best practices are: load the front-end of the project; install an idea ...

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