I.N.N.O.V.A.T.I.O.N : Creating a Culture of Innovation
October 30, 2012
Innovation in business is the development of new customer value through solutions that meet new needs, inarticulate needs, or current needs in new ways. Innovation in and of itself is the key to a company’s survival. It is the lifeblood of a company. That said, innovation is not always easy, and it does not come by itself. It requires a culture and desire to deliver that needs to be nurtured and reinforced by its leadership and a backed by a structured process approach. The ten imperatives in Robert’s... Read more »
Measure Innovation Efforts in Leading and Lagging Indicators (KPI)
October 23, 2012
How will you measure success? Innovation is ultimately about Return on Investment. It’s critical to use leading and lagging Key Performance Indicators, and observe and measure time spent on each segment of the new product development (NPD) process to see how it’s progressing. Leading Metrics used in the industry can include ideas generated, ideation sessions held, number of patents filed, and for lagging new products released, and percentage of sales due to new products. See: http://www.youtube.com/watch?v=srpyLoPp1JE&feature=share&list=UUxXhckNtVpjkJDNlR-GEYaA Read More →
Supporting the “R” in R&D
October 9, 2012
When it comes to Research and Development (R&D), a majority of the new product development process involves the “D” from concept to launch. However, the “R” is where most breakthroughs come from – and it is in jeopardy due to recessionary cuts and the short-term pressure for monthly and quarterly results. When companies are laser focused on delivering monthly bottomline goals, research can be left on the back burner. What are you doing to support research? Are you investing... Read more »
Innovation Evolution
