Posts Tagged ‘New Product Development’

Sustainable Innovation Meets Disruptive Innovation

Why is success so hard to sustain? In order to succeed, everybody should be involved and engaged in innovation.  Innovation should be broad; from innovations in the product or offering, to innovations in the process, delivery, and/or finance. For many years, innovation was seen as the development of new products. However, creating new products is…

Read More

The Lost Interviews…

“What ruined Apple was not growth … what ruined apple was values… They got very greedy … Instead of following the original trajectory of the original vision, which was to make the thing an appliance and get this out there to as many people as possible … they went for profits. They made outlandish profits…

Read More

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

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.…

Read More

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…

Read More

Supporting the “R” in R&D

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…

Read More

Innovation Myths Debunked

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…

Read More

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…

Read More

Innovation: 3M’s lessons to be learned

While Apple is often the most highly touted company for its innovation success, 3M is a global innovation company that has remained under the radar for its long-term innovation plans and succeses. With $30 billion in sales and products sold in nearly 200 countries, 3M has made significant contributions to the health care, communications and…

Read More

Tax Innovation: The Path to Long-Term Prosperity

By Robert Brands and Martin Kleinman We Americans need to wake up – now – and stop acting like spoiled, immature children.  Elected officials need to put aside partisanship – now – and do what’s in the best interest of our country and speak the truth to the electorate.  And we all must do this…

Read More