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Learn from the Best: Google’s Nine Principles of Innovation (Part 1 of 2)
Exploring Google’s Successful New Product Development and Innovation Process Google is widely considered, by both the general public and business experts, to be one of the most innovative companies in the world. So how does Google promote a culture of innovation and ensure that innovative ideas are properly implemented, creating profitable new products that position…
Read MoreAn Introduction to TRIZ Theory for the New Product Development Process
What is the TRIZ Theory and how can it improve your company’s new product development process? In the innovation and business growth book, Robert’s Rules of Innovation: A 10-Step Program for Corporate Survival, author Robert Brands sets forth ten imperatives on how to create and sustain innovation. The third imperative on the list, the “New Product Development…
Read MorePower Couple: Unlocking the Innovation Opportunities of Big Data and the Internet of Things
On this blog, we first wrote about the Internet of Things (IoT) in the blog post entitled “Innovation Management: Keeping Up with the Digital World.” If you haven’t read it, here’s a quick recap: Even though the term Internet of Things has been around for over 15 years, the term is still not particularly…
Read MoreCreating a Structured, Repeatable Process For Innovation
Established companies do not easily reinvent themselves. History shows us that Innovation is often the strategy of startups – but not only is it important in getting to the top, innovation is necessary in order to stay on top. New talent, new techniques, and new products are all needed to stay abreast of the competition.…
Read MoreHow 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…
Read MoreThe Sharp Edge of Innovation
It is no hidden secret that innovation is a necessity to compete in today’s marketplace. Often hailed as the Holy Grail for which every organization should strive for, sustainable innovation requires a strategy from start to finish. From the “I” of Inspiration to the “N” of Net Result, you must commit yourself to the process in order to succeed.…
Read More8 Step Process Perfects New Product Development
Every entrepreneur knows that productivity is one of the key ingredients for successful product development. One of the two key processes in Robert’s Rules of Innovation is the NEW PRODUCT DEVELOPMENT PROCESS. A formalized, NPD process – also referred to and best practice: the Stage Gate® Process – is a must, from simple to sophisticated.…
Read More8 Step Process Perfects New Product Development
Every entrepreneur knows that productivity is one of the key ingredients for successful product development. One of the two key processes in Robert’s Rules of Innovation is the NEW PRODUCT DEVELOPMENT PROCESS. A formalized, NPD process – also referred to and best practice: the Stage Gate® Process – is a must, from simple to sophisticated.…
Read MoreSustainable 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 MoreFive Key Innovation Questions to Ask
There are plenty of reasons to innovate. Especially now more than ever before, sustained Innovation is the means to developing marketplace showstoppers that lead to profitable growth. Innovation is not a luxury that can be placed on the back burner, even for today’s successful companies. So before beginning your next innovation effort, here are some…
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