What is Innovation Process?

Q: What is Innovation Process?

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

Top Innovation Process Resources

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 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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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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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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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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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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Evaluating Ideas

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

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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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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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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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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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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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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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The Zen of Portfolio Management

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

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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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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 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 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

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?

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

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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

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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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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