At such a difficult time for everyone, it is not yet clear what the real impacts of the pandemic will be on economies, companies and individuals. What is clear is that it is crucial to find ways to mitigate these impacts, and social distancing and remote work can actually enable us to create innovative solutions, in business and in life.
It goes without saying that a company’s ability to innovate is tied to its performance. But what does it take to outperform in the long term? This is the question set out in the Boston Consulting Group’s latest report, which ranks the world’s most innovative companies in 2020.
If you are involved in managing innovation for your organisation and you have been set with the task to make this decision, the first question you should ask yourself is: “Do we really need an innovation management software?”. These three questions, related to 3 key dimensions of any innovation management programme, should help.
Product and brand failures occur on an ongoing basis, to varying degrees. They are part of the process of learning and growing. Innovation management can help organisations coordinate amongst themselves to eliminate challenges and maintain a transparent, company-wide innovation system.
The process of developing a new product – whether it is a tangible, physical good or intangible, like a service, experience or belief – requires a systematic method to launch and commercialise it. NPD typically comprises 7 stages, from the initial idea through to its introduction on the market, and can be aligned with good idea management practices.
The pressure on businesses today is intense. To remain competitive, or even relevant, organisations must have the ability to innovate and to test, fail and succeed quicker in developing a new offering and new features. New product development can provide companies with fresh opportunities and has become increasingly crucial in the modern-day business battleground.
What if we could get our people and partners to work and innovate together as one global team towards digital transformation? And to do it seamlessly across functions, regions and job titles? The recent Arthur D. Little report found that one of the most fundamental pillars for digital transformation lies, perhaps unexpectedly, in people’s collective intelligence.
To mark Exago’s 11th anniversary, we have put together pieces of wisdom from our clients, innovation managers, to truly bring innovation together. This is lesson 7.
To mark Exago’s 11th anniversary, we have put together pieces of wisdom from our clients, innovation managers, to truly bring innovation together. This is lesson 6.