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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…
Read MoreThe 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…
Read MoreInnovate 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.…
Read MoreIf 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…
Read MoreInnovation Pessimism
“The idea that innovation and new technology have stopped driving growth is getting increasing attention. But it is not well founded. Has the Idea Machine broken Down?” This is a must read article recently featured on the Economist. It is an interesting take on innovation as it is happening today. According to Peter Thiel, a founder…
Read MoreInnovation Balancing Act
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…
Read MoreCan 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…
Read MoreWhen Smaller Isn’t Better: Innovation That Solves – Not Creates – Problems
By Robert Brands Bottled water consumers might have noticed lately the shrinking size of plastic caps. Conceived as environmentally friendly, they’ve been marketed as the bottled-water industry’s solution to plastic waste that otherwise would end up in a landfill. In the meantime, the caps are too small for some consumers to use easily. They can…
Read MoreIs your Idea pipeline being filled and maintained?
If even 1% of new ideas succeed, it can lead to a huge payoff. A steady stream of ideas is what fuels Innovation, so one of Robert’s Rules of Innovation imperatives is Ideation, or the idea management processes. On any new product development team, it is up to the leader to facilitate ideation sessions that…
Read MoreInnovation and Idea Management: From Ideation to Collaboration to Execution
Innovation thrives on a diet of news ideas. Alt: Innovation: What a great idea ! It needs new views, fresh thinking, a different perspective from across the organization. We’ve noted that Innovation = Creative x Risk Taking. Setting aside risk for the moment, creativity is a central element to the innovation process. But it must…
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