Product Innovation: Definition, Examples & Strategies used

Product Innovation: Definition, Examples & Strategies used

Product innovation is essential for businesses looking to maintain a competitive edge. This piece outlines key strategies for successful innovation, including having strong market knowledge, ensuring your product is distinct from competitors, tracking technological advancements, working collaboratively across departments and creating prototypes. MIT ID Innovation offers courses and training to help individuals develop the skills and competencies required for a successful career in product innovation.

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More Innovation Resources:

Making Big Ideas Happen - Strategic Connections at #BigIdeas12

The Big Ideas in Higher Education Conference features presentations on social networking, disruption, innovation, and strategic connections, with links to articles on creativity and strategic thinking.

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4 Personality Types Every Organization Needs for Innovation

Innovation involves four different personality types that play a crucial role in achieving success. These personalities are Creators, Inquisitors, Helpers, and Doers.

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Creative Ideas - More than 50 Ideas for Borrowing Creativity

Creative Ideas - More than 50 Ideas for Borrowing Creativity

Learn creative thinking exercises for borrowing ideas and finding new approaches from other industries and environments while ensuring ethical and productive use.

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