Every serious innovation program should have some form of system in place to solicit and find ideas that will help the organization to achieve its goals. These systems, if used properly are very effective at finding nuggets or premature concepts that can be fed into [...]
Many experts would suggest that innovation is the heart of an organization. Without healthy innovation, eventually the company will cease to thrive and possibly even die. How do you know if the health of your innovation is suffering? Most likely, there will be an unfavorable [...]
In a prior role, I was responsible for leading a bottom-up innovation program at a large Fortune 50. Although I had top level support, the culture of the company at the time was such that the initiative was structured to be bottom-up. I had to [...]
Preparing for an upcoming portfolio review? Then it is important to check whether sufficient progress has been made on the top innovative initiatives. Or has development been slower than planned, because the targets set in the strategic portfolio have been affected by the leakage of [...]
One of my favorite quotes is from Albert Einstein:
“Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand.” – Albert Einstein
I live [...]
Three Examples of How “What If” Resource Planning Scenarios Have Benefited Companies in Times of Crisis
I have heard some great stories over the last few years about how companies have leveraged top-down resource planning and “what if” portfolio optimization techniques to quickly and more confidently make decisions that deliver better product, portfolio and shareholder value. In the past, companies comfortably [...]
Your NPD process is stuck in the 80s when…
- Your organization still calls it ‘gated process’.
- Your portfolio of projects consists of an Excel™ spreadsheet.
- Projects get into the process and never get killed.
- Concepts are generated from random brainstorming or are management pet projects.
- Your product line roadmap is [...]
During a recent webinar titled The Five Most Important Drivers of Success in Product Innovation – That Most People Get Wrong! with Dr. Robert Cooper, President of the Product Development Institute Inc., he fielded a number of audience questions. Bob is also the creator [...]