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Our clients often ask us how they can become more innovative. Some seem to believe that innovation appears as if by magic. Many believe that there is no process for innovation. We have identified three practices that are research-verified, an end-to-end series of steps that yield the best ideas.
Before projects become products, they are ideas in the minds of your teams. They begin as product concepts, germs of your company’s future growth. How can companies manage the portfolio of product ideas?
The Community Product Requirements Chart is a tool that provides customer insights and creates opportunities for innovation.
We have advocated two systems for managing your company’s early stage product innovation activities. The first is a yearly planning process that ties the company’s vision to a strategy, and provides roadmaps that drive the annual budgeting process.
In too many companies, the front end of development remains fuzzy. The same companies that will micro-manage IT, or spend time simplifying a portion of their manufacturing operations, show little interest in improving the early stage innovation activities that drive future growth.
Creating high-performance teams is a competitive advantage. Through high performance teams it is possible to quickly innovate and deliver winning products to market.