Simply because the ROI of an innovation project isn’t seen this quarter and spot on projections are impossible, that doesn’t mean it’s not crucial for the health of an organization. A better question to ask is: How can we measure the return for an idea that does not yet exist? Most large organizations don’t ask this question. It requires thinking beyond the quarterly profit cycle. As a result, many are caught in a catch 22.
We are witnessing an amazing acceleration of new products, services, and delivery methods. Many companies and even entire industries have been radically affected (think Department Stores, RIM Blackberry, Kodak, Blockbuster, and many others). There are new rules, principles, and ways of working for success in the customer-driven economy.
How do you measure the success of your innovation program? We all realize that the desired long-term outcome is massive growth and billions of dollars, but along the way we must make sure we are measuring our progress honestly and in a fashion that demonstrates how our organization has benefitted. Getting the numbers right is crucial.
Join Aaron Eden on the Shift Podcast as he interviews Noel Sobelman to dive into portfolio management, interdependent systems, and transformation. Noel shares what you can do right now to improve product portfolios and create a balance of near-term and long-term investment in new sources of growth.
Those who carry this vision forward and empower these dreams are the past, present, and future city leadership and employees. The vision is embodied by the residents of the city. The way a city works, the way it prioritizes and manages projects and tests new ideas, has a profound impact on all of its “customers”, influencing staff morale and residents’ reactions.
In any organization, most of the projects you work on will involve multiple stakeholders, each one possessing the ability to impact the progression of a project. For innovation projects, that have a high level of unknowns, it is even more crucial to get stakeholder buy-in early. This article explains the benefits of identifying and engaging key stakeholders early in the innovation process.
A hard hit to the gut for many nonprofits is the fear of losing relevance. It manifests in the community as apathy, disconnection, and disengagement. However, there are steps that can be taken to turn this “value disconnect” into “value opportunity”. Read about them here.
One of the worst things you can do as a product manager is create something that no one wants. In this article, we’ll discuss how having the right set of tools at your disposal can mean all of the difference between product success and failure.
The topic of digital transformation is hotter now than ever before, but the fact is, the way people think and work has not changed to fit our new digital reality. In this article, we explore how digital transformation is just as much about changing corporate company culture as it is about updating technology.
Research and Development labs don’t bring new innovations to market because they are charged with inventing new technology, but not the commercialization of those inventions. In this post, discover the 3 reasons why these inventions don’t get to market, and how to think about innovation from a new perspective.
Recent studies suggest that enterprise leaders are struggling to find parallels between corporate and innovation strategy. This article explains how executives can play a bigger role in communicating strategy, setting expectations and goals for innovation, and ensuring those efforts are headed in the right direction.
Just as with startups, the reason why enterprise product launches fail is that they don’t take the time to learn before they execute. This article explains how enterprise organizations can use lean innovation methodologies to bring new products to market successfully.
Read the story of how innovative non-profit NCARB (The National Council of Architectural Registration Boards) used rapid experimentation to test assumptions and bring a new product to market that delivers real value to their customers.
What new ideas should corporate leaders be exploring in the coming months? Here’s a brief list of books, articles, videos, and tools to promote innovation, transformation, and growth within the enterprise.
The concept of humanity in the social impact sector was at the forefront of this year’s Upswell conference. In this event recap, discover how connection and empathy play a leading role in driving long-lasting and impactful change.
