Imagine you are the leader of a newly formed External Technologies Sourcing team at a large company in the heavy equipment industry. A product group has come to you, asking for help. They are building a new generation of self-repairing machines. Progress has been made, but the product group lacks...
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Determining your innovation goals can be a challenge in itself, so here are some tips to help you focus on the problems that really need solving.
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Imagine going to see your doctor for chest pains, and walking out the same day with a diagnosis for a rare heart condition. That diagnosis would have taken weeks or months (at best) even a few years ago. But in this new scenario, it is now a routine outpatient test performed on-site, accompanied by...
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In another extract from his Guide To Managing Innovative Projects, David Richmond explores the role of an innovation manager in project delivery and the coordination of various teams and stakeholders involved.
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Gartner research has found that 80% of executives say they have a gap in alignment between strategy and product development activity. Similarly, 79% of top managers say their company does not have enough high-value projects in their portfolio, according to research by the Product Development...
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Research has shown that innovation projects are much more likely to succeed when senior leaders are heavily involved and engaged. So here are several tips to make sure your leadership is behind the process from the start.
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The Economist recently published an article chronicling how Amazon leverages machine learning for competitive advantage. The biggest takeaway: it’s really about running their operations better, not a flashy attempt at inventing the future, even at a company that is nearly everyone’s poster child...
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Taking MIT's innovative approach to office heating as an example, we look at ways to redefine the problem you're looking to solve, to generate truly creative ideas.
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Organizing Your Innovation Ops Laura Kusumoto, guest speaker The challenges of innovation management are familiar to most corporate innovation leaders –defining and re-defining innovation’s mission; dealing with redundant, competing, or pet projects across an organization; budgeting for the...
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In this extract from his Guide To Managing Innovative Projects, David Richmond from Richmond Innovation looks at what sets an innovation project apart and explains how it embraces uncertainty, risk, change, agility and collaboration.
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