Extra-processing is a type of waste that occurs when unnecessary features are added to a product or when employees do more work than required. It can be reduced using an innovation management software platform.
Companies need to constantly innovate their business models to remain competitive. This article explores five primary model archetypes that embrace value creation in a digitally-driven business environment.
Maximizing the ROI of innovation requires understanding the value of front-end ideation activities beyond direct financial returns. Companies should focus on non-financial metrics like engagement and collaboration to measure the effectiveness of innovation efforts.
