I recently facilitated a two-day innovation workshop for a client in Germany. It was a really fun group and the team was committed to advancing new products. They welcomed learning both strategic theory and operational practices to succeed with innovation. My key takeaway from this creative workshop was a continued
To most companies, innovation is a crucial element of growth and sustainability. CEOs, stockholders, and Wall Street analysts all stress the importance of innovation to a firm’s financial well-being. Innovations allow companies to remain competitive, attract new customers, and increase profits. Yet, innovation remains elusive for a lot of firms.
New product development (NPD) is most successful in an organizational culture that is open and flexible. We have recently described the characteristics of such firms that practice disruptive innovation. Disruptive Innovation Three Threats to Disruptive Innovation Technology in Disruptive Innovation One mistake firms can make with innovation programs
Disruptive innovation is a term most New Product Development Professionals (NPDPs) are used to seeing. We hear colleagues speak of “disruptors” and we seek disruptive innovation as the holy grail of our field of practice. Yet even with the widespread use of the term, some confusion about the definition of disruptive innovation still exists. In…