Process Improvement
With little room for error, the pressure is on to optimize new product development (NPD) processes that maximize return on R&D investment and increase growth rates. Join the conversation to discuss topics that include: how to define, implement and execute an NPD process that incorporates strategy, governance, analytics and technology to hit your growth targets.
Considering an open innovation initiative? Don’t take it lightly. For B2B companies who face unique additional challenges, identifying and achieving value can be especially difficult. If your company sees the value and is ready to get started, here are four critical steps that will help ensure success.
We hear a lot these days about applying open innovation concepts to improve innovation and product development processes. The value is clear for B2C companies, but B2B firms have different challenges and needs that have caused many to hold off. Despite the challenges, the open innovation payoff for B2B companies is significant if done correctly, especially in today’s resource-constrained R&D environments.
Companies that incorporate pricing strategy early on are more likely to maximize the revenue potential and value of their products. Here are their leading practices.
When managing the invention and development of a promising new technology, how do you most effectively deal with the uncertainties that exist? How does a thoughtful manager handle this? This third post in a three-part series introduces ways to address the uncertainty and risk in Open Innovation.
For managers of R&D or engineering, generating breakthrough ideas is a critical initiative. I believe breakthroughs will come from both invention and innovation efforts. This second post of a three part series discusses how Open Innovation supports these breakthrough ideas.
How many times have you heard from a co-worker - “I’m not a scientist or engineer; I can’t innovate.” This frame of mind frustrates many forward thinking managers and stands in the way of systematic creative work, especially in technical environments. This blog post defines invention and innovation, setting the stage for a broader Open Innovation discussion.
Preparing for a New Product Development (NPD) gate meeting is usually the last thing on an innovation team leader’s list of things to do, especially when typical meetings entail lengthy slide decks on the merits of projects and research studies on the risks of new products.
Hopes for an economic recovery combined with fears of a double dip recession have made for an extremely challenging environment for any company trying to bring new products to market. With so much uncertainty, companies must be quicker than ever to respond to ever changing market needs.
In this clip from the webcast Five Steps to Create a Social Innovation Culture, Amy Kenly discusses how social product innovation enhances or extends existing business processes, rather than creating more work. Companies should pick a specific starting point to drive value. Sound like something you're doing? Check out the 2011 Spike Awards and tell us your story!
In this clip from the webcast Five Steps to Create a Social Innovation Culture, Amy Kenly discusses how companies can create a culture for using social media in product development and innovation. Sound like something you're doing? Check out the 2011 Spike Awards and tell us your story!
Yesterday at the PDMA Conference on Social Product Development and Co-Creation, we heard from David Ritter, CTO of InnoCentive. David talked about using challenge-driven product development in a B2B environment to take advantage of resources working outside of the immediate sphere and accelerate innovation capacity.
One of my favorite speakers on the #CoCreatePDMA Monday agenda was Ben Kaufman, the founder and CEO of Quirky. Ben is a fantastic speaker and clearly brings a high level of enthusiasm to his company and the idea of accessible innovation.
Amy a Vice President in Kalypso’s Digital Innovation practice. She has over 20 years of experience in innovation, product development and PLM.
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