5 ways Chief Product Officers can Foster Innovation

5 ways Chief Product Officers can Foster Innovation

The role of a Chief Product Officer (CPO) is to drive innovation and create a product roadmap that delivers business value. For this purpose, CPOs can take five steps to effectively foster innovation: create an environment for off-routine work, encourage face-to-face interactions, send a clear message about culture during hiring, make themselves available to employees, and adopt a venture capital approach to innovation. By taking these steps, CPOs can allow for new, innovative ideas to surface and be supported by the product development team, driving the overall success of the company.

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More Innovation Resources:

The view from the Innovation Edge

Nesta recently hosted a successful large-scale event called Innovation Edge, featuring high-profile speakers and exhibitors. The event highlights included Tim Berners Lee, Bob Geldof, and even Gordon Brown. The conference also experimented with using Twitter to promote networking and participation.

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Innovation and the Scientific Method

The scientific method is the oldest innovation framework in the world and has allowed mankind to accelerate innovation. It shares similarities with modern frameworks like Lean Startup and Design Thinking. Innovation requires a different management style and a learning process.

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Introduction to Design Thinking Methodology

Learn about the five-stage process of Design Thinking Methodology that teams use to solve complex problems by empathizing, defining, ideating, prototyping, and testing.

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