Innovation Process

The innovation process is a series of steps for translating ideas into marketable products, services, or methods that drive value creation.

More Innovation Glossaries

Influence

Influence: The capacity to affect others' behavior, development, or decision-making.

Creative Destruction

Creative Destruction

Creative Destruction is a continuous process in which new products and processes replace long-standing old products and processes.

Ideation

Ideation: The creative process of generating, developing, and communicating new ideas.

Top Innovation Process Resources

Business Model Canvas Set to Explode

Business Model Canvas Set to Explode

The Business Model Canvas (BMC) is about to reach a tipping point as global market conditions, industry forces, and macro events converge to disrupt existing norms in business models.

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Chasing Cool Ideas vs. Solving Consumer Needs - By Woody Bendle

Chasing Cool Ideas vs. Solving Consumer Needs - By Woody Bendle

Innovation is about solving customer needs, not just chasing cool ideas. Thomas Edison's focus on creating things people want, need, and are willing to buy is still relevant today, as over 60% of new-product development efforts fail to reach the market.

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Dedication to Innovation

Dedication to Innovation

Innovation is a tricky thing to get right, and there have been some notorious product flops. However, new best practices and solutions are being developed to help companies reduce their failure rates.

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Design Thinking & Innovation Program Management – Not So Strange Bedfellows

Design Thinking & Innovation Program Management – Not So Strange Bedfellows

Design thinking is becoming a staple of innovation programs because it promotes empathy, involves the end user in the process, and combines well-suited disciplines.

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Designing Your Innovation Portfolio

Designing Your Innovation Portfolio

Designing the ideal innovation portfolio involves a three-step process: identifying the rate of external change, setting growth goals, and designing the selection process.

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Developing Innovation Growth Boards: Insights From Practice

Developing Innovation Growth Boards: Insights From Practice

Moody's Analytics has successfully adopted innovation growth boards to promote accountability and metered funding for early-stage product ideas within the organization.

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Do You Know the Seven Stages of Innovation?

Do You Know the Seven Stages of Innovation?

IdeaScale has identified seven stages of innovation that successful organizations use to refine ideas.

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Establishing A Repeatable Scalable And Formal Innovation Process

Establishing A Repeatable Scalable And Formal Innovation Process

Establishing a formal innovation process is crucial for companies to achieve continuous improvement and market share. Accenture finds that 74% of top-performing companies have an established, repeatable process for innovation.

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Evaluating Ideas

Evaluating Ideas

Learn how to distinguish good ideas from bad ones through a criteria-based evaluation process.

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Filtering Ideas to Find the Very Best Ones

Filtering Ideas to Find the Very Best Ones

Learn how to filter and evaluate your generated ideas using these techniques to ensure that you only pursue those with the most potential.

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First Steps Towards a Successful Innovation and Portfolio Management Office with edison365

First Steps Towards a Successful Innovation and Portfolio Management Office with edison365

Successful innovation requires the right ideas, but often traditional processes and rules don't support innovative activities. An Innovation and Portfolio Management Office (IPMO) can help align business change with overall strategy, prioritize the entire portfolio, and encourage widespread involvement.

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Five Bottlenecks of Digital Innovation

Five Bottlenecks of Digital Innovation

Innovation is a management process with three phases: Discovery of problem or new ideas, designing a prototype solution, and ultimate delivery of a commercially astute outcome. The article discusses five digital innovation bottlenecks and how to break them.

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Global Innovation Management: Definition, Strategy, Examples

Global Innovation Management: Definition, Strategy, Examples

Global innovation management is a structured process that generates, captures, and improves valuable ideas within an organization.

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Gray Space: How to Develop Valuable Ideas and Get Them Across the Finish Line

Gray Space: How to Develop Valuable Ideas and Get Them Across the Finish Line

The gray space is the period between selecting a winning idea and implementing it. Fully developing the core concept improves the chance of producing a positive outcome.

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How a Category-Creating Jersey Deal Set the Stage for an Industry-Centric MLS Cup - John Digles

How a Category-Creating Jersey Deal Set the Stage for an Industry-Centric MLS Cup - John Digles

Learn about how XanGo implemented an innovative sponsorship program through jersey-front sponsorships in Major League Soccer, boosting brand recognition, web traffic, and recruitment.

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How An End-to-End Innovation Framework Promotes Competitive Advantage

How An End-to-End Innovation Framework Promotes Competitive Advantage

Innovation management is crucial for remaining competitive, but it can be a challenging task. ITONICS Control Objectives for Innovation Management (COFIM) framework provides a systematic approach to innovation.

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How McKinsey’s Organizational Health Index Relates to Innovation

How McKinsey’s Organizational Health Index Relates to Innovation

McKinsey’s Organizational Health Index (OHI) helps organizations improve their effectiveness and management’s performance. Sunshine Coast Credit Union used OHI to identify areas for improvement, including bottom-up innovation. They launched an innovation management platform and saw significant improvement.

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Innovate on Purpose: The Problems measuring Innovation

Innovate on Purpose: The Problems measuring Innovation

Measuring innovation is important but difficult. Measuring tools are often confounded by innovation and organizations lack consistent models and frameworks.

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Innovation at the U.S. Automakers

Innovation at the U.S. Automakers

U.S. automakers must focus on innovation if they want to succeed. To do this, they must reframe their internal culture, retrain employees in a systematic method of innovating, and redeploy innovation to design and create vehicles.

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Innovation Dashboard to manage innovation success

Innovation Dashboard to manage innovation success

Innovation dashboards help organizations track their innovation success. Learn why you need one and how to build one in this article.

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Innovation Funnel vs Innovation pipeline: What is the Difference?

Innovation Funnel vs Innovation pipeline: What is the Difference?

Innovation pipeline and innovation funnel are two different methods used for managing the innovation process in business. This article explains the difference between the two and their importance in improving innovation practices.

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Innovation Maturity Matrix – A Model to Successful Innovation Transformation

Innovation Maturity Matrix – A Model to Successful Innovation Transformation

Transforming a business to become more innovative is difficult, but necessary for survival. In this article, the authors share lessons from their experience and introduce a new tool for organizations to use - an Innovation Maturity Matrix.

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Innovation Program 2019 Goals

Innovation Program 2019 Goals

Segment your innovation goals into revenue, cost, and culture categories, assign metrics, targets, and dates for each goal to achieve progress with your innovation program.

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Innovation Project for Innovation Management

Innovation Project for Innovation Management

Accept Mission has launched a new project management tool for innovation managers to create portfolio based on the best ideas and coordinate progress from roadmap to solution delivery.

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Innovation portfolio management: what it is & why you need it

Innovation portfolio management: what it is & why you need it

Innovation portfolio management is essential to organize project pipelines and identify which ones are aligned with company goals. Here are three steps to implement IPM.

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Innovation Q&A – 30+ Common Questions About Innovation

Innovation Q&A – 30+ Common Questions About Innovation

Get a grasp of innovation management and idea management with these frequently asked questions about innovation, including tips on how to succeed at it and how to measure it.

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Innovation Roadmap

Innovation Roadmap

An innovation roadmap is a flexible approach to manage uncertainties in innovation management. Innolytics® software makes it easier to define essential milestones for innovation teams.

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Innovation Tips that work - Dr Ken Hudson

Innovation Tips that work - Dr Ken Hudson

Defining what innovation is, measuring innovation success, and making innovation part of corporate values are some of the tips for successful innovation management.

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Innovation Toolkit – Tips, Tools and Templates for Managing Innovation

Innovation Toolkit – Tips, Tools and Templates for Managing Innovation

Innovation management toolkit provides a set of tools that boost innovation in organizations. This post introduces five toolsets: innovation strategy, innovation process, idea generation and validation, idea management software, and infographics.

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Invent the Future of Innovation

Invent the Future of Innovation

Global Innovation Certification program aims to provide tools, frameworks, and clear standards, targets, and guidelines to develop sustainable innovation capability as a path to professional and organizational growth.

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ISO 56002 - A Global Guide For Innovation Management

ISO 56002 - A Global Guide For Innovation Management

ISO has established the first global standard for innovation management - ISO 56002, which serves as a guideline and structure provider to enhance innovation management systems in organizations.

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ISO 9000 & ISO 56000: A Match Made in Heaven

ISO 9000 & ISO 56000: A Match Made in Heaven

The ISO 56000 innovation management system standardizes terminology, tools, methods, and interactions for continuous improvement, and can be combined with ISO 9000 for better quality management.

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Multiple Use of the Business Model Canvas

Multiple Use of the Business Model Canvas

The Business Model Canvas can provide significant value for large organizations, yet adoption has been limited. The tool can help discover new perspectives, define needs, investigate value propositions, and more.

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Open Innovation: How the United Nations is Changing the World by Collaborating with It

Open Innovation: How the United Nations is Changing the World by Collaborating with It

The United Nations uses Planview IdeaPlace to power their open innovation challenge aimed at solving complex and connected challenges in the developing world, like the relationship between access to education and water sources.

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PepsiCo Innovation: The Next Big Idea 2021 - Agorize

PepsiCo Innovation: The Next Big Idea 2021 - Agorize

PepsiCo used Agorize's innovation management software to crowdsource new product ideas and solutions from employees.

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Product Portfolio Management: Connecting a Vision to Strategy and Budgets

Product Portfolio Management: Connecting a Vision to Strategy and Budgets

Managing early stage product concepts and selecting the best ones is crucial for successful product portfolio management. Here's how to effectively connect long-term goals to day-to-day management.

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Risk, Great Ideas, and Your Business Model

Risk, Great Ideas, and Your Business Model

To find innovative ideas for your business, Langdon Morris recommends researching your own business model, talking to customers and non-customers, and observing behaviors. He encourages thinking like an outsider and studying successful business model innovators.

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Running Innovation Labs and Programs: What Has Worked (And What Not) at OP Financial, Indeed, Ericsson and Fraunhofer

Running Innovation Labs and Programs: What Has Worked (And What Not) at OP Financial, Indeed, Ericsson and Fraunhofer

Innovation leaders share tips on building successful innovation labs and programs. Key takeaways include understanding the innovation and diffusion cycle, empowering employees to innovate, and providing resources for intrapreneurs.

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The Impact of End-to-End Innovation Management Software on an Organization

The Impact of End-to-End Innovation Management Software on an Organization

Innovation management software is a powerful tool for connecting departments, aligning strategy, and increasing ROI. It enables data-centric and collaborative innovation processes.

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The Most Important Secret to Successful Innovation

The Most Important Secret to Successful Innovation

Innovation is key to success, but most companies fail due to a lack of process for managing it. An idea management platform can help by facilitating idea generation, evaluation, experimentation, commercialization, and implementation.

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The new extended innovation funnel

The new extended innovation funnel

The traditional innovation funnel process of idea generation, evaluation, development, and commercialization is being challenged by experts who see ideas as being in the middle of the process, not the beginning.

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The Right ROI of Innovation for Your Firm

The Right ROI of Innovation for Your Firm

Innovation as Investment is a three-step process that all organizations can implement to balance risk while creating a profitable innovation portfolio.

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The Roi Of Costcos Employee Suggestion Program

The Roi Of Costcos Employee Suggestion Program

Costco's Employee Suggestion Program boosts sales and cuts expense through staff innovative ideas.

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An image of a stylized chart, intertwining vines, and growth metaphors.

The role of Gantt Chart within innovation management

Innovation Cloud's Summer release includes a Gantt chart for easier innovation management, visualizing tasks, dependencies, and progress.

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An image of an hourglass merging into a rocket, symbolizing strategic timing and launch.

The single biggest reason why startups succeed

Timing is the single biggest reason for startup success, according to Bill Gross, founder of Idealab. This is due to the Triangle of Innovation Success which requires a good idea, a capable team, a sustainable business model, and appropriate timing.

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An image of interlocking hexagons, each containing a unique abstract symbol, forming a circular pattern symbolizing a dynamic process.

The Six Step Innovation Lifecycle

Innovation is a continuous activity that goes through six steps: Identifying a Problem to Solve, Identifying a Process that Works for You, Engaging Others in the Process, Empowering Groups of People to Build Ideas into Projects, Evaluate and Prioritize, and Idea Implementation.

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An image of a branching tree silhouette with vibrant abstract icons as leaves.

The Ultimate Guide to Idea Management Processes

Managing ideas is essential in innovation management. This article explores different processes and models for ideation and key success factors that are necessary for any process to succeed.

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An image of an intricate network of abstract shapes connecting dots and lines, symbolizing complex systems integration.

The Understated Back-End of the Business Model Canvas.

The Business Model Canvas (BMC) is well accepted for startups and entrepreneurs but struggles to gain the same momentum in larger organizations due to lack of attention on the back-end. This article calls for a new depth in the visual tools needed to capture this side of the canvas.

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An image of puzzle pieces interlocking with abstract symbols and connecting lines.

The Value Prop Canvas Tool Will Speed Up Innovation Processes in Your Business

The Value Proposition Canvas is a tool that helps businesses align their products or services with customer needs.

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An image of a serene lotus flower amidst gentle ripples, symbolizing tranquility in management.

The Zen of Portfolio Management

Innotas continues to build its ecosystem of integrations and announces its partnership with Zendesk.

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An image of a compass merged with a maze, indicating strategic navigation.

Top 10 Masters in Innovation Management Worldwide

Discover the top 10 master programs in innovation management around the world, with four of them based in France and taught in different languages.

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An image of intertwining vines growing around a digital tablet silhouette.

Top 3 Innovation Initiatives you can Launch Right Now

Ideanote is an innovation platform that offers a range of solutions for companies. Here are three intriguing projects which include transforming customer experience, breaking down organizational silos, and streamlining innovation management.

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An image of a tree with multi-colored leaves symbolizing diverse ideas.

Using Idea Management Tools For Better Innovation Outcomes

Deploying an idea management tool can help organizations transform ideas into innovation. Idea management sits within the end-to-end innovation ecosystem and connects raw ideas to fully-formed innovation concepts.

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An image of five distinct abstract shapes interconnected by fluid lines.

What Are the Types of Innovation?

This article discusses the five types of innovation, which include product, marketing, service, organizational, and business model innovation, and explains the importance of innovative thinking in businesses.

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An image of interconnected abstract shapes, representing a dynamic network.

What Do Innovation Maturity Assessments Have in Common?

Innovation maturity assessments measure sophistication with innovation metrics, scale, mindset and tools, and collaboration and process.

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An image of intertwining colored funnels, each with unique symbols.

What Innovation Funnel Should I Use?

IdeaScale shares five different innovation funnels and their unique characteristics, including product development, cost savings, process improvement, workplace experience, and customer experience.

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An image of a tree with branches transforming into innovation icons.

What is an idea management process?

Effective idea management is key to transforming ideas into profitable innovations. Learn about the types, challenges, rewards and incentives, and 7 stages of the idea management process.

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An image of interconnected gears and a lightbulb symbolizing idea flow.

What is integrated idea management?

Integrated idea management is a new way of encouraging employee-led innovation by using pre-existing tools, such as Microsoft Teams, to capture, filter, and manage ideas.

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An image of a chessboard with strategically placed pieces and graphs.

What is Portfolio Management? (And Why You Need It)

Portfolio management is the process of managing a group of projects to achieve strategic business goals. It helps in aligning projects with business objectives, managing resources and planning & reporting.

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An image of a grid with ascending abstract shapes, signifying growth.

What is the ambition matrix and how does it work as part of an innovation portfolio?

The Ambition Matrix is a tool that helps companies identify their innovation portfolio and execute their strategy on where to play and how to win.

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An image of a winding path leading to a lightbulb silhouette.

What is the FORTH Method?

Gijs van Wulfen's Forth Innovation Methodology takes ideas through a structured innovation journey to create successful business concepts.

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An image of interlocking gears with various project symbols.

What is the project portfolio management (PPM) process

Project portfolio management (PPM) is a critical component in integrating innovation projects with high-level organizational goals. This article explores the basics of implementing a PPM process and its importance to businesses.

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An image of interconnected gears with varying innovation symbols inside.

What the build-measure-learn feedback cycle is and what it does for innovation

The build-measure-learn feedback cycle is a crucial component of innovation that involves developing and testing small product ideas to determine their viability and success.

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Why business model innovation is so compelling

Business model innovation is crucial for companies to stay relevant in today's fast-paced market, but it requires careful experimentation and understanding of potential weaknesses that can be exploited.

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Why IdeaStorm and Salesforce Ideas are fads

Using social networking tools for idea generation does not guarantee innovation – innovation comes from successfully managing, evaluating and turning ideas into new products and services.

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An image of interlocking gears within a lightbulb silhouette suggesting innovation processes.

Why you aren't ready for open innovation

Your team or firm might not be ready for open innovation despite its importance. Organizations have difficulty managing internal innovation and defining innovation, culture and processes.

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An image of interconnected gears and a lightbulb symbolizing innovative solutions.

Why you should invest in innovation management software

Investing in innovation management software can streamline innovation processes and lead to profitability and growth.

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An image of a funnel morphing into a flourishing tree silhouette.

Why Your Innovation Funnel Needs an Overhaul: A Step-by-Step Guide

Qmarkets presents a unique vision for the innovation funnel, incorporating the entire innovation activity spectrum through three phases.

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A compendium of innovation methods

A compendium of innovation methods

Each section gives a simple introduction to the method and describes Nesta’s work in relation to it. In each case we have also provided a link to further relevant resources.

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Business Model Innovation Strategy: Transformational Concepts and Tools for Entrepreneurial Leaders

Business Model Innovation Strategy: Transformational Concepts and Tools for Entrepreneurial Leaders

The most comprehensive, global guide to business model design and innovation for academic and business audiences.

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Innovation Project Management: Methods, Case Studies, and Tools for Managing Innovation Projects

Innovation Project Management: Methods, Case Studies, and Tools for Managing Innovation Projects

Actionable tools, processes and metrics for successfully managing innovation projects

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Managing Innovation

Managing Innovation

Managing Innovation is an established, bestselling text for MBA, MSc and advanced undergraduate courses on innovation management.

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Measuring Innovation in Education

Measuring Innovation in Education

The ability to measure innovation is essential to an improvement strategy in education.

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The Invincible Company

The Invincible Company

The invincible company review. The longawaited followup to the international bestsellers, Business Model Generation and Value Proposition Design.

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Innovation Assessment Personality Test

Innovation Assessment Personality Test

Determine your unique strengths and how to accelerate them.

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Doblin

Doblin

Global innovation firm that combines leading business experience, user research, and a design-led approach to help clients across a broad spectrum of industries.

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Tom Spike

Tom Spike

TOM SPIKE is a Berlin-based innovation consultancy that supports industries and service providers in the creation of innovations.

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R/GA

R/GA

Emphasizing on the importance of business transformation, product/service innovation, and breakthrough communications.

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Business Model Canvas

Business Model Canvas

Use this template to describe the details of how your organization creates, captures and delivers value to its customers.

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Digital Innovation Playbook: Templates

Digital Innovation Playbook: Templates

Here you can find all the templates from the Digital Innovation Playbook.

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Product Portfolio Management Framework

Product Portfolio Management Framework

The Product Portfolio Management Map enables an intentional allocation of RD and Marketing investments that realizes a riskreward mix as determined by overall corporate strategy.

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Innovation measurement framework to determine innovativeness of a company: Case of semiconductor industry

Innovation measurement framework to determine innovativeness of a company: Case of semiconductor industry

A good measurement model will help a company to understand its current capability and identify areas that need improvement. This paper develops a framework to determine the innovativeness of a company.

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Innovation project canvas

Innovation project canvas

Turn a good idea into a successful concept. Innovation project canvas can help you archieve that goal.

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The Corporate Innovation Canvas

The Corporate Innovation Canvas

This is a canvas a corporation can use to explore, organize, and, most importantly, focus their target innovation outcomes. The audience I’ve tested this with are corporations with a market cap $1B

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Idea Validation Card

Idea Validation Card

Use the test card to design experiments to test and validate your business hypotheses in a structured way.

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