|
|
Tips
for Forcing Combinations
By Paul Sloane |
|
|
|
7 Dimensions of
Strategic Innovation |
-
Consumer / Customer Insight
– understanding articulated and unarticulated needs...
More
|
|
3 Primary Criteria to Assess
Your Innovation Portfolio |
|
Besides assessing each initiative
individually for risk, investment, return, and timing, assess your
total portfolio to ensure that you have the right initiatives in it:
-
Stretch
and strategic fit.
How much does your portfolio push the industry frontiers, and
how well does it fit with your business goals and
strategy?
...
More
|
|
3 Strategies of Market Leaders
The market leader is dominant in its industry
and has substantial market share. If you want to lead the market, you must
be the industry leader in developing
new business models and
new products
or services.
You must be on the
cutting edge of
new technologies and
innovative
business processes. Your
customer value proposition must offer a superior
solution to a customers' problem, and your product must be well
differentiated..
More
Toshiba’s approach is to develop
strategic alliances with different partners for different
technologies because a single company cannot dominate any technology or
business by itself...
More
Steve Jobs' 12 Rules of Success
-
Strive to become a
market leader. Own and
control the primary technology in everything you do. If there's a better
technology available, use it no matter if anyone else is not using it.
Be the first, and make it an industry standard...
More
The Art of Innovation: 9 Truths
By: Guy Kawasaki
-
Jump to the next curve. Too many companies duke it out on the
same curve. If they were daisy wheel printer companies, they think
innovation means adding Helvetica in 24 points. Instead, they should
invent laser printing. True innovation happens when a company jumps to
the next curve – or better still, invents the next curve, so set your
goals high...
More
Fuzzy Front End
The early stage of the
radical innovation process is ripe with opportunity, but it is also
devoid of many definitive facts. Due to its high degree of ambiguity, this
development phase has become known as "the fuzzy front end."3...
More
Case in Point
Silicon
Valley Companies
Adapted from
Relentless
Growth, Christopher
Meyer
Decide if your innovation portfolio has enough
stretch.
Balance between revolutionary and
evolutionary initiatives. First, Silicon Valley companies assess the
overall balance between
revolutionary and evolutionary projects. The ultimate arbitrator of
portfolio stretch if the innovation leaders’ judgment, experience,
intuition, and luck.
The Importance of
Being
First-to-Market
Being first in any market category is going to
give you the edge – being the leader comes from being first. It's much
easier to
get into the mind of consumers first that try to convince people
you have a better product or service than the one that did get there first.
Improvements are always made to product/service inventions and
innovations
but the first in has a head start. Once you are the leader, a position
mostly gained by being first, it is pretty hard for
competitors to dislodge
you, as long as you keep your products up to date and of comparable
quality...
More
Radical Innovation...
Venture Planning...
10 Steps to Turning Your Ideas / Inventions
Into Big Cash Wealth...
The Five-Steps Methodology...
Managing Radical Innovation Projects...
Innovation Process:
Diversion
and Conversion of Ideas...
Motivating Radical Idea Generation...
Specific
Mindset and Skill Requirements...
Entrepreneurial
Leadership...
Value
Innovation...
The Power of Prototyping...
The New Role of Prototyping...
Market Learning...
Keys to Successful Market Learning...
Measuring Success...
Case in Point
Benefits of Business Process
Management...
Case in Point
AT&T – Developing New Credit Card Service...
Case in Point
IDEO – a World's Leading New Product Design Company...
Case in Point
Joint Development of a Laser Printer by Canon and HP...
|
