Posts Tagged ‘innovation management’

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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Should You Reward Bad Ideas?

Some ideas are crazy. Some are underdeveloped. Some will fail. How can you deal with them without squelching your employees’ creativity? True or false: There’s no such thing as a bad idea. Of course bad ideas exist. In retrospect, the AOL–Time Warner merger was not the wisest idea. Neither is photocopying your face. But ask any…

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How to Measure Innovation

No matter if it’s a test score, sports game result or a sales figure, what we measure is what goes down in history. After all, “what’s measured is treasured.” It’s human nature to look back at past results as a basis for comparison and for improvement in the future. For this reason, it is absolutely…

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Ownership: Are You Taking Responsibility?

In order to achieve Innovation, a champion within an organization must take Ownership – one of Robert’s Rules of Innovation imperatives.  The champion, whether an officer or executive manager within the company, has the responsibility of convincing others to work outside their comfort zone, even if they are resistant to change. To take Ownership, the…

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Innovation-Imperative of Innovation

Imperatives of Innovation So much as been written and published about Innovation, the importance, the processes etc. Many books have been written about key elements in particularly best practices like culture creating, product development process, ideation. However, to create and sustain innovation it requires a complex combination and continued support of imperatives that need to…

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Innovation – Innovation Management – Innovation Strategies

Do you know what  innovation is and why it is important? Innovation is the process by which from an idea, invention or recognition of a need is developing a product, services or techniques to be useful and commercially accepted. According to this concept, innovation is simply the process of developing something new or is not…

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Innovation Management-www.www.innovationcoach.com

Is there a valid answer about what innovation management is and how it operates? Is there a particular concept that can be applied to any organization, any kind of process and or perhaps to any family of products? My question today is what are you thinking about what idea or associate when you hear the…

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