What is Service Innovation and why it is gaining importance?

What is Service Innovation and why it is gaining importance?

Service innovation is becoming increasingly important as businesses look to differentiate themselves in a crowded market. It involves improving existing services or creating entirely new ones using an iterative method that is focused on the customer. Interdisciplinary teams collaborate to generate ideas and create prototypes that are tested before being introduced. The process helps businesses stand out from the competition, meet customer demands, and improve customer retention. By identifying areas where customer service can be improved and adding tangible value, businesses can strengthen their relationship with their customers. MIT ID Innovation is an institute dedicated to pioneering groundbreaking and unconventional approaches to innovation.

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Managing Intellectual Property in Innovation Ecosystems

Collaborating with different companies in innovation ecosystems creates IP management complexities. Arthur D. Little's Phil Webster shares lessons on managing IP in innovation ecosystems, emphasizing clear ground rules for IP, creating a special purpose vehicle and having a repeatable model for collaboration.

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Unique Venues to Hold Your Next Innovation Training Event |

Consider taking your innovation event or conference off-site to a unique location that promotes creativity and collaboration. Here are eight places to consider.

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Will Product Intelligence Develop the Next Sensor Device?

Open source intelligence can lead to evidence-based decision support for new product development. Signals Intelligence Group explains how their team utilized this approach in creating a winning product in the personal healthcare sensors space.

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