Posts Tagged ‘idea management’

10 IMPERATIVES TO SUSTAIN INNOVATION – All in one place

“In the 17th century, Innovators didn’t get accolades. They got their ears cut off.” – Emma Green The competitive marketplace of the 21st century has brought with it a new connotation of the word “Innovation. We used to believe the Earth was the center of the solar system. Then it was the sun. The Earth…

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Successful Innovation Harnesses Idea Management

While most organizations believe that Innovation is required to remain competitive in today’s marketplace, they often do not put enough emphasis on building the organizational capability for innovation. Idea management is a critical step in this process. While creativity and ideas can be found in numerous places and in numerous ways, how you manage them…

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The Eureka Moment of Ideas & Idea Management

 Idea management is the second of critical processes of Robert’s Rules of Innovation and is essential in Innovation and New Product Development (NPD). It is really important to fill the innovation pipeline with ideas from many different sources in your business. Ideas can be generated from associates, sales, and of course R&D. In addition, it…

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How Does Your Company Match Up to the GE Innovation Barometer?

The GE Global Innovation Barometer conducts annual surveys to put a finger on the pulse of innovation around the world. The survey was conducted earlier this year with over 3,200 high level business executives from over 26 countries participating. The executives surveyed are those chiefly responsible for their company’s innovation development.   This year’s survey touched…

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Innovate With Purpose: Idea Prioritization

Idea Prioritization  Ideation and idea management pack the front end of the New Product Development (NPD) funnel with a wealth of viable concepts. One of the toughest processes in innovation is idea prioritization. Idea prioritization is about how you invest your company’s product development resources. Most companies have too many projects underway for the limited resources available.…

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No Risk = No Innovation, and the “Get out of Jail” card

  The global business strategists, Boston Consulting Group report that risk aversion is the number one barrier to innovation.  Ray Kroc, the founder of McDonald’s Corporation was a bit more succinct in his thoughts on taking risks: “If you’re not a risk taker, you should get the hell out of business.”   Risk is fundamental…

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Innova(T)ion – Wisdom in Training and Coaching

Why do so many companies falter, even while led by innovation champions and ceo’s that are inspirational, hard-working, smart, driven, and expend major time and effort trying to get it right? One often forgotten imperative in Robert’s Rules of Innovation ® is TRAINING AND COACHING. Proper training and coaching in the new product development process…

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If ideas are the seeds of innovation…

  “If ideas are the seeds of innovation, idea management  is the formalization of the processes involved in gathering, sharing, analyzing and executing the ideas generated within an organization and its collaborative networks.” Whichever form your ideas take, how you manage them dictates the outcome of each endeavor. For great tips on idea management  read the…

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Measure Innovation Efforts in Leading and Lagging Indicators (KPI)

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…

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Can Innovation Be a Structured Repeatable Process?

When Innovation comes to mind, the first thing people may think of is creativity, spontaneity, or a momentary stroke of genius. But can innovation occur out of a structured, repeatable process? The answer, in short, is yes. In fact, in order to build a long-term culture of sustained innovation, a structured process must be put…

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