→ Synergistic Innovation Portfolio

Synergize Radical and Incremental Innovations

 → 3 Strategies of Market Leaders

Strike a → synergistic → balance in your innovation portfolio between the immediate and the future to achieve bottom-line results and top-line growth.  >>>

→ Value Innovation: Yin-Yang Strategies

→ Systemic Innovation: 7 Areas

Incremental Innovations

Incremental → improvements and evolutionary innovations help your business to:

• increase quarterly profits, squeeze out efficiency gains among your product lines, processes or systems

• seek articulated customer needs to → delight customers

• build on existing core competencies and protect existing market positions

• follow traditional, linear business planning models.  >>>

Radical Innovations

Radical innovations help your business to:

• prepare for future growth, extend beyond the core and create new  new market niches and customer needs

• → Amaze customers and → increase profit margins among product lines that succeed to → differentiate from the competition  >>>

• react in time to disruptive forces in the market by prompting → leaders to align development efforts with customer trends, analyze competitive forces, develop dynamic business strategies, build an adaptive → innovation-friendly organization, → experiment with new technologies, and establish the means to launch new offerings that amaze customers  >>>

• → build a framework that encourages new ideas, → excites employees and develops their ability to → create and act on bold ideas  >>>

• engage a wide audience of stakeholders – customers, business partners, and employees – in development of new ideas that can lead to future innovations.  >>>

→ 10 Commandments of Innovation

 Silicon Valley

To decide if their innovation portfolio has enough stretch, Silicon Valley firms assess the overall balance between revolutionary and evolutionary initiatives. Corporate leaders continually ask, how much does the portfolio push the industry frontiers, and where the company will be positioned a year or two from now if it executes its innovation portfolio properly... More

 GE

"Shun the incremental, and look for the quantum leap," urged → Jack Welch, the former legendary CEO of GE, other → leaders at the company. Live productivity and → quality, but also make → surprise moves ‒ shock your rivals. Shake things up while other look on from the sidelines, sitting idly by while you knock your competitors for a loop. The three critical ingredients of the quantum leap are surprise, boldness, and shock... More

Innovation Project Management: Two Approaches

Even though the radical innovation life cycle includes many of the same sets of activities and decision points, the reality of managing the process is strikingly different for radical versus incremental innovation... More