Innovations to be thankful for… & the importance of the NPD process

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After sitting down to Thanksgiving dinner last week, it is hard not to think of all that we have to be thankful for. In the past year there have been some incredible new innovations revolutionizing the way people live their lives. After countless hours spent planning, researching, designing, and testing; what was once an idea,…

In a Marketing Rut? Get Innovative!

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You’ve optimized your website keywords, populated your social profiles with content, and maximized your print advertisements and direct mail campaigns… but your traffic and revenue still hasn’t increased. If this sounds familiar, you may be stuck in a marketing rut. Rather than continuing your same old, same old marketing tactics, utilize a few innovative ideas…

Innovation Balancing Act

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r On June 15th of this year, Nik Wallenda became the first person ever to walk across the roaring Niagra Falls on a 2-inch wire. After battling wind swells, and thick mist, Wallenda completed his walk crossing from the United States into Canada.   He was greeted by a Canadian customs agent who asked, “What…

I.N.N.O.V.A.T.I.O.N : Creating a Culture of Innovation

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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.…

Measure Innovation Efforts in Leading and Lagging Indicators (KPI)

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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…

Supporting the “R” in R&D

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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…

Challenging Open Innovation

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Open Innovation is an effective method for gaining ideas from outside an organization, but in order to achieve long term sustained Innovation, companies need to establish a structured repeatable process. Breakthrough innovations still have to come from within the company through hard work and consistent efforts. A great example of this is Procter & Gamble…

Innovation Myths Debunked

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Innovation is key to a company’s survival, regardless of the size or type of organization. But there are many myths and common misconceptions when it comes to how innovation is achieved. Many people think innovation is all about generating ideas, or ideation. While it’s true that every innovation must start with an idea, it is…

Innovation in a Reinvented World, + Website: 10 Essential Elements to Succeed in the New World of Business

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A step-by-step guide to the 10 essential and practical skills a business needs to innovate and thrive in uncertain times The reinvented world of business will profoundly impact America’s leaders and workers in the decade ahead. Companies capable of transforming their organizations during this period of “Great Disruption” will thrive in the reinvented world however,…

Gauging Your Organization's Training and Coaching Program

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For creating a company culture and mindset focused on innovation, it starts with proper training and coaching from the high ups of an organization. Team members need to be trained and coached to constantly improve their skill set, and this attitude should be continuously reinforced. It’s important for the entire company to be innovative, and…

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