Getting From Ideas to Products

In a time when innovation and new product development are vital to remain competitive, large organizations are looking for ways to generate and execute new product ideas while mitigating risk. Increasingly, these companies seek to create a startup culture as a means to generate innovation.

Developing an efficient mechanism for getting products from the idea phase to initial prototype (and then to market) has significant benefits:

• Quicker idea validation.

• Cheaper and lower risk idea evaluation versus a full blown product launch .
• Management has the opportunity to be involved in product evaluation, rather than being removed from the product development and validation process.

Rapid prototyping

This involves instituting processes to quickly convert ideas, even if they are only 25-50% complete, into live products that can be placed the hands of potential users or testers.Rapid prototyping has several requirements and attributes, including:

• Robust and flexible product development expertise, as the ideas may be broad in nature.
• Expedited development capabilities, often executed without a complete set of user requirements.

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Communicate to Innovate: Tips from the World of Improvisation

Effective communication is at the heart of innovation: harnessing insights from customers, partners and co-workers, sharing ideas, building upon points of view, advocating and gaining support for one’s innovations all require razor sharp communication. Interestingly enough, communicating effectively is a two-way street.

Listening and declaring are the building blocks of any communication exchange; however, if executed poorly, they can make an exchange fall apart. Whether in an improv scene or in a boardroom, the sender and receiver in a conversation must cooperate fully and whole-heartedly. Here are a few tips to help you communicate clearly and effectively as you embark on your innovation journey.

Make a statement

Great listening is not enough to make communication successful: you also need to practice the behavior of declaring, i.e. sending your messages skillfully. By introducing clear information from the very start, you will set your team up for success. For an improviser or a business person, a declaration signals the start of an idea exchange, a collaboration, the creation of something new. It’s a clear, concise way of letting your colleagues know your point of view and what you want to accomplish. A good declaration can be built upon, adapted and used as a springboard for more ideas.

“You would be surprised at how often making assumptions and failing to clarify can put us in a mindset of fear.”

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Challenging a Vision by Reframing

An insignificant island in the Indian Ocean can turn out to be the world’s largest ocean economy. It’s all a matter of perspective, depending on the frame with which we look at the world. The assumptions on which this frame is based are usually unexamined and often wrong. They aren’t the only truth out there. Take the Mauritius, a small island with a tiny GDP and little economic potential, facing rising sea levels. But it’s also in a huge ocean area with sustainable ocean mining opportunities, and a potential high leverage economy. By challenging our initial assumptions, we can reframe that first belief towards a whole new perspective.

Overcoming toxic assumptions

The business world is full of toxic assumptions that have been unchallenged for years and stand in the way of progress and innovation.

The approach of reframing is a four-step process:

1. Determine what your current position is. This is your core belief.
2. Analyze this core belief: what are the reasons you think that? Come up with ‘supporting beliefs’, and pick the four most important ones.
3. Force yourself to construct the opposite of these supporting beliefs by finding antonyms and grammatical opposites......

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10 Ways to Reduce the Innovation Failure Rate

How innovation goes wrong

I encounter in practice so many people struggling with innovation. It’s has so many pitfalls. Here’s a list of five reasons why innovation goes wrong in daily practice at so many companies all over the world.

• Our short-term mindset rules. Your company focuses on getting results next quarter, as your shareholders demand profits today. In this way money and resources are dedicated to sales & marketing, instead of innovation.

10 Ways to reduce the innovation failure rate

Although there are no easy solutions, there are ways to improve the effectiveness of innovation in your company or for your clients. I love to share with you ten actions to reduce the failure rate of innovation.

1. Create momentum for your innovation project at the start….

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In scientific terms, habituation is the process of becoming desensitized or unresponsive to non-threatening stimulus because of repeated exposure to it. That annoying mark on the wall that you stopped seeing; habituation. That annoying clock tick-tocking in the background that you don’t hear; habituation. That horrible odour your colleague left behind that you no longer notice; habituation. That billion dollar frustration which you could easily solve but no longer notice; habituation. Habituation is an amazing form of learning. It has been shown in essentially every species of animal (Jennings 1906). So it must be essential to every species’ survival and have arrived early in the evolutionary game. It allows us to save energy and reduce stress by not wasting full-blooded survival antics in the face of a gust of wind. It also plays a role in less life threatening things such as when you’re eating, giving you the feeling of being full when you’re not (Raynor & Epstein 2001). Read Full article at http://www.innovationmanagement.se/2015/04/13/game-changing-innovations-are-right-in-front-of-you-so-why-dont-you-see-them/