Innovation funnel meaning and examples

Innovation funnel meaning and examples

This article discusses the innovation funnel and how it is a tool or process that helps to execute the best innovative ideas for profitability. It includes three different methods to use an innovation funnel: The Stage-Gate Method, The Lean Startup Method, and The Design Thinking Method. Each of these methods has its own set of stages for a successful innovation process. The Stage-Gate Method is used to evaluate the business value of an innovative project while the Lean Startup Method relies on capturing customer feedback for validating ideas. Meanwhile, Design Thinking emphasizes on solving complex problems and creating innovative solutions. Additionally, Accept Mission offers its own innovation stage process that can be applied to both simple and complex innovation projects.

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More Innovation Resources:

The Ten Types of Innovation Framework and How to Use It

Innovation is not just about product performance, but also about surrounding areas. Ten Types of Innovation framework by Doblin helps focus on three areas: Offering, Configuration, and Experience.

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Managing Risk and Shortcuts for Project Managers

Project managers are often pressured to meet deadlines, which can lead to risky shortcuts. Here’s how to identify and manage these risks.

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The Collective Effort of Creativity in Ideation

Collaboration is crucial in the ideation process for true innovation, according to Fast Company's "The 100 Most Creative People in Business" list.

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